Wealth Management Invest: Expanding Access to Private Markets with Blackstone’s Farhad Karim
The episode focuses on the operational side of putting private markets into client portfolios — redemption terms, liquidity expectations and advisor education — rather than on returns. It also gives a manager's account of how semiliquid products are being distributed to the wealth channel.
Summary
By the alternatives in wealth deskDavid Bodamer interviews Farhad Karim, chief operating officer of Blackstone Private Wealth, about how advisors and individual investors are adopting private market investments. Karim describes how evergreen and semiliquid structures are widening access, what advisors should know about redemption limits and liquidity, and how Blackstone supports advisors through education, product specialists and technology. He also discusses diversification across private market strategies, Blackstone's collaboration with Wellington Management and Vanguard, and investment themes including AI infrastructure, logistics, experiential assets and defense.
- Evergreen and semiliquid fund structures are described as expanding individual investor access to private markets.
- The conversation covers what advisors should understand about redemption limits and liquidity in private market funds.
- Blackstone's advisor support is described as spanning education, product specialists and technology.
- Karim names AI infrastructure, logistics, experiential assets and defense among Blackstone's investment themes, and points to retirement portfolios as a potential growth area for private markets.
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