Sovereign funds debate private markets access

Sovereign wealth funds and other top-tier investors are increasingly looking to do solo or club deals in private markets rather than allocate to pooled funds. But while direct investing solves issues such as opaqueness of asset pools and manager fees, they point out, it poses its own challenges.  While sovereign funds have been developing their in-house private markets capabilities, what hasn’t changed is the challenge of sourcing the right deals and working effectively with other…