Q1 2026 Allocator’s Atlas: Can retail and institutional investors coexist in private markets?

Hilary Wiek, CFA, CAIA, is a principal analyst at PitchBook, where she covers PitchBook’s fund strategies and performance, publishing primary research on the alternatives space and contributing to core report development. Wiek also covers ESG and impact investing. She has over 20 years of experience in asset owner, manager, and advisory roles. Prior to joining PitchBook, Wiek was the director of investments at the Saint Paul & Minnesota Foundations, where she handled portfolio management, impact/ESG, investment diligence, and monitoring and investment operations. Before that, she held senior positions at Segal Rogerscasey, the South Carolina Retirement Systems Investment Commission, Buckingham Financial Group, Dayton Power & Light, and KeyCorp.

Wiek received a master’s degree in finance and economics from Case Western Reserve University and a bachelor’s degree in business leadership and finance from the University of Puget Sound. She is based in PitchBook’s Seattle office.

Juan Mier is a lead fund strategies analyst at PitchBook, where he conducts primary and thematic research covering private markets. He brings over a decade of investment experience. Prior to joining PitchBook, he worked at Lazard Asset Management in thought leadership, as an analyst for multi-asset allocation solutions, and more recently as a portfolio manager for commodities and natural resources equities.

Mier holds an MBA degree from the University of California, San Diego, and is a CFA charterholder. He is based in PitchBook’s New York office.

Neal Prunier, Managing Director, Industry Affairs at the Institutional Limited Partners Association (ILPA), is responsible for the ongoing evolution and expansion of ILPA’s standards to help ILPA deliver impactful services to its members, as well as for ILPA’s legal, regulatory, and policy efforts across the globe.