With a potential $10 trillion opportunity to be tapped from Europe’s high-net-worth individuals and other small investors, fund managers are engaged in a race to mop up retail money at a time when institutional clients are hitting curbs on new capital they can allocate to private assets. At this week’s International Private Equity Market conference in Cannes — whose theme is “wealth” — investment professionals debate how best to leverage a region that’s home to almost a third of the world’s millionaires. (Source: Bloomberg)
