S&P Global Market Intelligence offers our top picks of global private equity news stories and more published throughout the week.
Blockchain technology is increasingly looking like the key that could unlock a huge new market for private equity: the global mass affluent, a group that holds about $80 trillion in investable capital, according to one oft-cited estimate by Blackstone Inc. President Jonathan Gray.
KKR & Co. Inc. in September became one of the latest and largest private equity firms to tokenize a portion of one of its funds on blockchain. Each token represents a fraction of a stake in the fund, meaning individual investors can buy in at a sliver of the typical ticket size.
The tokens offer another key advantage for retail investors: liquidity. Capital invested in a private equity fund is typically tied up for several years, but anyone who owns a tokenized portion of the KKR fund can trade their interest after a one-year lockup period.
It is still early days in...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...