Expanding Retail Access to Private Markets

Expanding Retail Investor Access to Private Markets Global Individual Wealth Global individual investable wealth is growing, remains under-allocated to alternatives Global Individual Investable Assets $70T 2018 $106T 2025 Average Allocation to Alternatives 29% 11. <5% Endowments 27% Pensions Sources: For investable assets, 2018 CapGemini World Wealth Report. For allocations: 2016 Willis Towers Watson Global Pension Assets Study; 2016 National Association of College and University Business Officers; Money Management Institute, "Distribution of Alternative Investments through Wirehouses." Allocations shown are for U.S. Pensions and U.S. University Endowments. Individual Investors 7

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