Capital Group CEO sees mid-sized asset managers getting ‘hollowed out’
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
The Pantheon Global Infrastructure Secondaries fund will be domiciled in Luxembourg.
The private markets investor Pantheon has expanded its product offering with...
The strongest version of this narrative presents a clear industry trend: consolidation in asset management, with larger firms absorbing core allocations while smaller boutiques carve out niche roles. Pantheon’s launch of an infrastructure secondaries fund aligns with this, positioning itself as a specialist in a growing segment. The claims about private markets’ resilience to sentiment swings add credibility to the appeal of secondaries, though this assumes stability in underlying asset valuatio...