Private Wealth Club's private markets platform exceeds £30 million in assets under management
In the ever-evolving world of investments, a new trend is emerging—the semi-liquid fund market. According to Novantigo, this market is projected to exceed €240bn by the end of 2028, a significant growth from its current size.
One company capitalising on this trend is Wealth Club, a platform launched in 2016 by former Hargreaves Lansdown director Davies. Wealth Club offers private markets investments, providing access to funds with a minimum investment of £10,000. Prior to its private markets platform, Wealth Club offered tax-efficient investments to clients.
The private markets investments offered by Wealth Club are not available on public markets. The platform was launched last November and offers access to 13 private markets funds from various firms such as Ares, Aberdeen, Apollo, and Oaktree.
Wealth Club's private markets platform has provided investors with access to a diverse range of private markets funds within a year of its launch. The platform does not provide advisory services.
The success of Wealth Club's private markets offering suggests a growing interest in alternative investment opportunities. In fact, high-net-worth clients are expected to increase their private market exposure by up to 50%.
Alex Davies, founder and chief executive of Wealth Club, commented that there's a real appetite for innovation in the private markets space. Wealth Club is currently in discussions with five private equity firms, four private credit fund managers, and four infrastructure managers, collectively managing $3.5 trillion in assets.
The private markets platform of Wealth Club can be considered a supermarket for semi-liquid funds, gaining momentum, following the trend of semi-liquid funds in recent years. The platform has amassed £30 million in assets within a year of its launch.
The semi-liquid fund market, also known as evergreen funds, has exhibited strong growth recently. Assets under management (AUM) in semiliquid funds reached nearly €83bn. More specifically, interval and tender-offer funds, which are common structures for semi-liquid funds, grew from $34.3 billion in 2014 to €188.1 billion by Q1 2025.
This growth is driven largely by high-net-worth individuals and wealth advisors allocating more capital to these funds. These funds have become increasingly appealing to investors seeking alternatives with some liquidity, especially in private credit, real assets such as real estate and infrastructure, and other alternatives.
In fundraising terms, semi-liquid vehicles accounted for nearly one-third of total private fundraising in 2024, underlining their rising importance and growing market share within private capital funds. However, the market remains somewhat concentrated, with only a limited number of firms equipped with the distribution capabilities to offer these vehicles widely.
As the semi-liquid fund market continues to grow, it is expected to attract more players like Wealth Club, offering innovative platforms for investors seeking private markets exposure with more liquidity than traditional closed-end funds. The trend is likely to continue, supported by ongoing innovation and evolving distribution models.
- Investors seeking alternatives with some liquidity, such as private credit, real estate, and infrastructure, are showing growing interest in semi-liquid funds, a trend that we can observe in Wealth Club's platform success, which offers private markets investments with a minimum investment of £10,000.
- As the semi-liquid fund market is projected to exceed €240bn by the end of 2028 and attract more players, technology-driven platforms like Wealth Club could play a significant role in broadening access to these funds and catering to the growing demand for investments with a balance between liquidity and private market exposure.
