Alec Davis

San Francisco

Head of Enterprise Reporting at PitchBook

@PitchBook News. Tech and venture capital. Former @WSJ and @MarketWatch. Focus on the interplay of tech, politics and international affairs. Sometimes sports.

Articles

Private Equity for Retirement Savers? Change is Coming to 401(k) Plans

1 week ago | kessler-prod.reta52d8.eas.morningstar.com | Alec Davis

Anxious to find alternative sources for fee-generating assets, the private fund industry sees individual investor wealth as an untapped pool of capital worth trillions of dollars. Managers are already making inroads with high-net-worth clients by launching a new generation of fund vehicles that were customized to be accessible to small but affluent investors. Semi-liquid, wealth-focused evergreen funds now manage some $427 billion, according to PitchBook’s 2029 Private Market Horizons forecast.
Private Equity for Retirement Savers? Change is Coming to 401(k) Plans

1 week ago | morningstar.com | Alec Davis

Anxious to find alternative sources for fee-generating assets, the private fund industry sees individual investor wealth as an untapped pool of capital worth trillions of dollars. Managers are already making inroads with high-net-worth clients by launching a new generation of fund vehicles that were customized to be accessible to small but affluent investors. Semi-liquid, wealth-focused evergreen funds now manage some $427 billion, according to PitchBook’s 2029 Private Market Horizons forecast.
PE for Main Street investors? Change is coming to 401(k) plans

1 week ago | pitchbook.com | Alec Davis

Anxious to find alternative sources for fee-generating assets, the private fund industry sees individual investors’ wealth as an untapped pool of capital worth trillions of dollars. Managers are already making inroads with high-net-worth clients by launching a new generation of fund vehicles that were customized to be accessible to small but affluent investors. Semi-liquid, wealth-focused evergreen funds now manage some $427 billion, according to PitchBook’s 2029 Private Market Horizons forecast.
How Cliffwater led a private wealth fundraising boom for interval funds

4 weeks ago | pitchbook.com | Alec Davis

In the race to make the illiquid private markets more liquid and inviting to more investors, one firm has stood out for its ability to raise billions of dollars—without relying on institutional sources. Cliffwater broke into fund management in 2019 with a debut evergreen fund dedicated to private credit across a diverse range of middle-market debt managers.