Vanguard Group has held discussions with Blackstone and Carlyle Group to consider possible collaborations that would market private assets to individual investors, according to Bloomberg.
These talks were not definitive, and no secure plans were made between the firms, according to Bloomberg. Vanguard, known for offering low-cost passive funds, is seeking to give its clients access to private markets.
Traditional asset managers are searching for ways to increase their client’s accessibility to private credit and equity, which have historically only been accessible to large institutions and billionaires, said Bloomberg. By partnering with alternative asset managers, there is potential to create products that increase accessibility to private assets without high fees and low liquidity.
