

Private Markets for the Next Decade: Who's Ready?
The $65 Trillion Alternative Investment Surge
Why operational excellence determines who wins
Private market assets are projected to triple to $65 trillion by 2032, according to Bain & Company1. Most institutions are pursuing this growth on infrastructure built when alternatives represented single-digit portfolio allocations, not today's 30-40% targets. The gap keeps widening.
Consider what this means operationally: manual processing consumes 70-80% of capacity at many firms. Investment committees make decisions on data that's already outdated. Teams spend their days reconciling fragmented systems instead of analyzing opportunities. This structural incapacity erodes the returns alternatives were meant to deliver.
Meanwhile, the market has moved on. Regulators demand continuous disclosure that manual processes can't provide. LPs and GPs now evaluate each other's infrastructure before committing capital. Cloud technology makes scaling to thousands of investors economically viable - if you have the right architecture.
This paper maps the transformation path. We identify which operational constraints destroy value, provide a maturity framework to assess your current state, and show how leading institutions are building infrastructure for scale.
Key insights you will discover
- Key operational factors destroying capacity
A diagnostic framework showing where manual processes concentrate and which inefficiencies to eliminate first
- The maturity assessment model
Benchmark your capabilities across data integration, analytics, workflow, and infrastructure against industry standards
- The transformation roadmap
Sequence your modernization to maintain operations while building capacity - with clear milestones and decision points
Operational excellence now determines competitive outcomes in alternatives. The cost of delay compounds quarterly.
Footnotes
1 Bain & Company, "Private market assets to grow at more than twice the rate of public assets, reaching up to USD 65 trillion by 2032," August 2024. [Link]
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