2024: The year private markets step into the spotlight. Michael Sidgmore's article sheds light on the merging of traditional and tech-driven solutions shaping the industry's future. At 73 Strings, we're not just observing the future - we're shaping it. With our innovative technology solutions, we're leading the way towards a more efficient and transparent investment landscape. #techsolutions #privatemarkets #techinnovation
Co-Founder & Partner, Broadhaven Ventures at Broadhaven Capital Partners and Founder, Alt Goes Mainstream
Is 2024 shaping up to be a new chapter for private markets? Read my latest weekly column in Citywire to learn why I believe 2024 will be the year that alternatives begin to be viewed as "traditional," In large part due to the continued evolution of alts market infrastructure innovation and the merging of traditional private market firms and progressive technology solutions. I cover how the industry's largest firms, like BlackRock and Blackstone, amongst many others, have figured out how to bring together the best of "fin" and "tech" to use their size and scale to build (BlackRock's Aladdin®), invest (BlackRock & Blackstone's investments in iCapital, 73 Strings, LemonEdge, Canoe Intelligence & others), or acquire (BlackRock's acquisitions of eFront & Global Infrastructure Partners (GIP)) that connect the dots between AUM and technology - and everything in between. https://lnkd.in/eWZf7u3n
Senior Advisor at 73 Strings
8moExcellent synopsis! Wealth mangers have jumped on the bandwagon and have become leading promoters of private equity and private credit investments to their retail clients in much smaller increments and on a daily basis, rather than the traditional institutional investors like insurance companies, pension funds and sovereign wealth funds etc. 73 Strings is the leading digital innovator on how to support higher frequency valuations of private, illiquid securities. Excel spreadsheets and outsourcing has become obsolete as the new digitization world is faster, more accurate and more efficient than the old world!