HOW CAN EXPANDING RETAIL ACCESS TO PRIVATE MARKETS DEMOCRATIZE CAPITAL?

The discussion revolves around expanding retail access to private markets and how it can democratize capital. John Bryngardner, the executive editor of DebtWire, highlights the potential and risks of private investments1. The panel explores the challenges of retail investors entering private markets, emphasizing the need for patience and understanding of long-term capital. They discuss the importance of transparency and the role of technology in providing access to private capital. The conversation also touches on the need for regulatory protection for retail investors due to their lack of sophistication. The panelists consider the role of family offices and sophisticated investors in bridging the gap between retail and private markets. They also discuss the potential for technology platforms to address distribution costs and create liquidity windows. The discussion concludes with the importance of aligning long-term project maturity with patient capital.