Private markets are courting retail investors—but Blue Owl's CEO warns the road ahead may be rocky

Blue Owl Capital

With every major private markets firm, and many smaller ones, racing to offer their products to wealthy retail investors, it's easy to forget that this was once anathema for the industry. Just ten years ago, most money invested in the private markets came from institutional investors, and the only way for regular people to get exposure was to be lucky enough to have a pension.