Blackstone Sees Trillions From Rich Flowing to Private Markets

Private markets are set to see trillions of dollars of inflows as wealthy individuals gain greater access to an industry once dominated by institutional investors, according to a senior managing director at Blackstone Inc.

“For some time, people have been asking when the democratization of private markets will hit critical momentum. That time is now,” Viral Patel, who oversees Blackstone’s private equity strategy for retail clients, said in an interview on the sidelines of the IPEM private equity conference in Cannes this week. “It’s not unrealistic to think that fund flow from individual investors into the asset class in ...