Dry Powder: The Private Equity Podcast Early Innings w/ Goldman Sachs’ Kristin Olson
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Nov 11, 2025 Kristin Olson, Global Head of Alternatives for Wealth at Goldman Sachs, dives into the challenges of democratizing private markets. She discusses the rise of evergreen funds and their liquidity advantages. Kristin emphasizes the importance of scale and diverse strategies in making alternatives accessible. She outlines how technology and operational enhancements are vital for retail investor engagement. With excitement about future accessibility, she also highlights the need for caution regarding pricing and investor behavior.
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Evergreen Funds Are Scaling Adoption
- Evergreen, fully funded alternative funds have rapidly grown and simplify capital management for investors.
- Kristin Olson says this change reduced barriers like capital calls and K-1 tax complexity, expanding adoption.
New Fund Wrappers Enable Retail Access
- Interval and tender-offer fund structures can onboard retail investors via tickers and simpler processes.
- Olson warns these products are young and require successful execution to drive true democratization.
Mix Strategies To Fit Investor Channels
- Use breadth and scale in alternatives to mix strategies for different investor channels.
- Olson recommends combining Goldman Sachs' varied alternative capabilities to build suitable wrappers for clients.