Private markets are rapidly reshaping the investment landscape, offering high-net-worth and ultra-high-net-worth investors new avenues for diversification and return generation. In a recent Ausbiz interview, Kevin Wan Lum, Deputy Chief Investment Officer at LGT Crestone, highlighted the growing presence of alternatives - hedge funds, private equity, private debt, real estate, and infrastructure - into diversified portfolios. With public markets representing only 10–15% of global investment opportunities, private markets are becoming essential to broadening exposure and managing risk.
Kevin also addressed the growing accessibility of private markets for sophisticated investors, driven by product innovation and demand for diversification. Evergreen structures, while semi-liquid, offer flexibility and access without the traditional 10-year lock-up periods. He emphasised the importance of selecting experienced managers who can navigate liquidity and portfolio construction, especially in a landscape where inflows and redemptions are less predictable. Key opportunities identified include infrastructure, private equity, and secondaries across debt and venture capital.
