Adams Street Partners, a private markets investment firm with more than $62 billion in assets under management (AUM, has released its inaugural Advisor Outlook Report. Titled The Rise of Private Wealth in Private Markets, the report presents insights from more than 100 financial advisors across North America, Europe and Asia. Respondents cite growing client demand for private market exposure, with 92 percent expecting the asset class to outperform public markets over the long term. In turn, more than two-thirds (67 percent) anticipate an increase in the percentage of clients with an allocation to the asset class during the next three years.
“Private markets are becoming an essential part of a well-diversified portfolio, and financial advisors are on the front lines of this shift,” said Jim Walker, partner & global head of wealth at Adams Street.
While complexity, limited access and tax reporting preferences historically have limited private ma
