The Allocator’s Atlas is a specialized webinar series designed for LPs, where you’ll gain valuable insights and expert perspectives to effectively navigate your investment strategies and portfolio management.
With over $15 trillion in total assets under management, the private markets are a formidable force in global investing. As traditional institutional investors continue to embrace allocations to private equity, private credit, and real assets on average, private wealth is emerging as the next frontier for growth in the industry. The key question for investors and advisors is: How should you consider your exposure beyond the traditional 60/40 investment portfolio?
This webinar featured Hilary Wiek, CFA, CAIA, Senior Strategist at PitchBook; Zane Carmean, CFA, CAIA, Director, Quantitative Research at PitchBook; Dan Harms, CEO of ThirdWire Asset Management; and William Kelly, founder of Educational Alpha and former CEO of the CAIA Association. Their discussion explored the evolution of private markets and offered actionable insights for navigating the expanding landscape of investment opportunities.
To download the presentation slides and watch the recording, please fill out the form.
Key topics
- How advancements and new structures are making private investments more accessible
- The benefits, challenges, and pitfalls of integrating private markets into your investment strategy
- Evaluating private market performance, the role of indices, and best practices for comparing private equity returns to public markets
Related PitchBook Reports
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Q3 2024 PitchBook Analyst Note: The Evergreen Evolution
Q2 2024 PitchBook Private Capital Indexes
Q1 2021 PitchBook Analyst Note: Access Points for the Masses
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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.
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Zane Carmean is the director of quantitative research at PitchBook, where he conducts data analysis, creates financial models, and authors research reports and thematic analyst notes covering private markets. He helped build PitchBook’s proprietary private fund benchmarks, Manager Scoring methodologies to analyze GP track records, as well as cash flow forecasting tools to assist allocators in estimating future cash flow and commitment pacing needs. Carmean leads a team of analysts supporting the creation of new tools, research, and analytics for clients to leverage PitchBook data sets. Prior to PitchBook, he was a senior associate at Green Street Advisors, where he conducted the research and analytics behind many of the firm’s strategic research reports in the commercial real estate industry.
Carmean received bachelor’s degrees in finance and economics from Loyola University Chicago, and a master’s degree in finance from Bocconi University in Milan. He is also a CFA and CAIA charterholder. He is based in PitchBook’s Seattle office. -
Dan Harms is the CEO and co-founder of Third Wire Asset Management, an investment management firm founded in 2021 to help financial advisors and institutions navigate the complexities of alternative investments. At Third Wire, Dan leads a team of industry veterans who’ve spent their entire careers focused on improving access to alternative investments by providing innovative, transparent, and client-aligned solutions designed to enhance portfolio diversification and long-term performance.
With over 20 years of experience spanning wealth management, proprietary trading, and alternative investments, Dan has deep expertise in creating targeted solutions that integrate traditional and private market strategies. He’s passionate about delivering solutions tailored to diverse investment needs and always putting the client first. -
William (Bill) J. Kelly, CAIA is the founder and managing member of Educational Alpha, LLC where he writes, podcasts, and speaks on a variety of investment related topics, focused on investor education, transparency, and democratized access to differentiated risk premia. Previously he was CEO of CAIA Association, holding this leadership role from 2014 until his retirement in 2024. Prior to that, Bill was the CEO of Boston Partners, and CFO and COO of The Boston Company Asset Management, a predecessor institutional asset manager. In addition to his current role, Bill is also the chairman and lead independent director for the Boston Partners Trust Company and serves as an independent director for the Artisan Partners Funds, where he is also chairs the Audit Committee and is a designated Audit Committee Financial Expert. He is also currently an Advisory Board Member of the Certified Investment Fund Director Institute within the IOB (Dublin) which strives to bring the highest levels of professionalism and governance to independent fund directors around the world. Bill began his career as an accountant with PwC where he earned his CPA (inactive).
