This episode explores the increasing allocation of private wealth into alternative investments, a trend traditionally dominated by institutional investors. Ted Seides interviews Eric Mogelof, Head of Global Client Solutions at KKR, to discuss how KKR, a leading alternative asset firm, is adapting to serve the private wealth channel. Against the backdrop of a changing wealth management landscape where financial advisors are evolving from portfolio managers to holistic financial consultants, the conversation highlights the growing demand for alternative investment solutions among individual investors. More significantly, the discussion pivots to the innovation behind evergreen structures and interval funds, which offer lower minimums and greater liquidity, making alternatives more accessible. KKR is investing heavily in marketing, digital engagement, and advisor education to reach advisors globally, and has partnered with Capital Group to expand access for non-accredited investors. The conversation concludes by addressing the competitive landscape, potential risks, and the implications of these capital flows for GPs, LPs, and future returns, underscoring the importance of appropriate product sales and investor education.
