The Truth Behind Private Equity’s Megaboom

In this episode of The Compound and Friends, Josh Brown and Michael Batnick interview Michael Sidgmore, a partner at Broadhaven Ventures and founder of Alt Goes Mainstream, about the alternative investing market. They discuss the size and scale of the alternative investing market, which Sidgmore estimates to be around $25 trillion, and the increasing interest from wealth management channels. The conversation touches on the role of private equity in wealth management, the structure of evergreen funds, and the challenges and opportunities in the private credit space. They also explore the branding and culture within the alternative asset management industry, the increasing trend of private equity firms investing in wealth management, and the potential for traditional asset managers to partner with alternative asset managers. The episode concludes with a discussion on the future of private markets and the importance of education and authenticity in the industry.