The chief executive of Carne Group expects growth across private markets will be driven by wealth clients in Europe, similar to how hedge funds experienced a growth spurt after they were adopted by a wider group of investors.  

John Donohoe, who founded Europe’s largest third-party management company in 2004 after more than a decade at Deutsche Bank, has predicted that private markets products — such as long term asset funds in the UK — will follow the same adoption rate as hedge funds.