The move comes amid a push from asset managers to expand retail access to private markets, as demand from individual investors grows and Wall Street powers seek to broaden their client base to Main Street.
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Apollo, Carlyle launch funds on a16z-backed Titan as PE's retail push expands
“All of private managers’ intellectual property and funds predominantly go through large institutional checks, or if you’re a high-enough net-worth individual, through a wealth manager,” Titan co-founder and co-CEO Joe Percoco told Yahoo Finance in an interview. “This is just, push button, and you’re in, and we allocate you directly to it.”
