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Asia’s U/HNWIs eye bigger slice of private markets: Blackstone and UBP

Blackstone and UBP believe that interest in private markets by wealthy Asian clients will go from strength to strength, as the region’s U/HNWIs hunt for yield and assets with less correlation to public markets. McKinsey data show that 2021 was a record year for private market fundraising on a global basis, rising by nearly US$200 billion to almost US$1.2 trillion….

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