Wealth investors will fuel private markets growth, says Carne Group CEO

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John Donohoe said a concerted push by governments to encourage investment into private markets was driving interest in the fast-growing sector

The chief executive of Carne Group expects growth across private markets will be driven by wealth clients in Europe, similar to how hedge funds experienced a growth spurt after they were adopted by a wider group of investors.  

John Donohoe, who founded Europe’s largest third-party management company in 2004 after more than a decade at Deutsche Bank, has predicted that private markets products — such as long term asset funds in the UK — will follow the same adoption rate as hedge funds.