The Compound and Friends The Truth Behind Private Equity’s Megaboom
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Sep 5, 2025 
Michael Sidgmore, Partner and Co-Founder of Broadhaven Ventures, dives into the booming world of private equity. He discusses the evolution of private markets and the recent T. Rowe Price and Goldman Sachs partnership aimed at broadening access for retail investors. The conversation covers market trends, the risks and rewards for new investors, and the significance of branding in asset management. Humor and insights blend as they examine liquidity needs and the changing dynamics in alternative investments.
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Educate Advisors Before Selling Alts
- Educate advisors: asset managers must proactively teach advisors about private market products and structures.
- Build durable content and training programs to convert advisor interest into responsible distribution.
Building The Pipes At iCapital
- Michael Sidgmore described building iCapital's sales team and early distribution pipes for private markets.
- He notes that market plumbing had to be built to industrialize wealth distribution into private funds.
Private Markets Are Massive And Growing
- Private markets are vast: roughly $25 trillion across PE, credit, infrastructure, real estate and GP stakes.
- Private equity is largest, and secondaries will likely expand as institutions seek liquidity solutions.