Private Assets Draw Wealth Investors Amid Redemption Caps
Brookfield's Tara Newbery says individual investors in the UK and Europe are increasingly exploring pooled private-market funds.
Updated on Nov. 10, 2026 in Investing
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At the ALFI Private Assets Conference, Brookfield Oaktree Wealth Solutions managing director Tara Newbery discussed how individual investors can access private assets. Quarterly redemption caps of 5% of net asset value have helped manage outflows from private-market vehicles.
Why it matters
Individual investors in the UK and Europe have historically allocated far less to private assets than institutions, which may shift as traditional portfolios rely less on equities, bonds and directly owned residential property. Newbery cited tax changes and high property prices as factors encouraging interest in pooled private funds.
Brookfield's credit platform held $426bn in assets under management at 30 September 2026, while quarterly redemption caps of 5% of net asset value have limited withdrawals from private-market vehicles. The extraction does not show how many individual investors currently hold these funds.
The players
Tara Newbery
Newbery is a managing director at Brookfield Oaktree Wealth Solutions who discussed private asset access at the ALFI Private Assets Conference.
Brookfield Asset Management
Brookfield Asset Management is a global alternative asset manager that invests across credit, infrastructure, real estate, private equity and energy.
The details
Newbery explained that closed-ended funds generally do not offer redemptions during their term, while semi-liquid wealth products provide only limited opportunities to withdraw capital. She linked pressure on funds exposed to traditional software businesses to concerns about disruption from artificial intelligence, while capital shifted toward asset-backed finance and infrastructure.
Timeline
10 November 2026: Newbery spoke at the ALFI Private Assets Conference.
30 September 2026: Brookfield's credit platform reported $426bn in assets under management.
Market Dynamics
Quarterly redemption caps of 5% of net asset value have been used to manage outflows from semi-liquid private-market wealth products. Newbery's remarks suggest the same structure is now being offered to individual investors in the UK and Europe, who have historically held far less private-asset exposure than institutions.
Individual investors considering semi-liquid private-asset funds should note that withdrawals may be limited to a quarterly cap of 5% of net asset value. Pooled vehicles can offer access to asset classes that were traditionally available mainly to institutions.
The takeaway
Individual investors weighing private-asset funds should review redemption terms closely, since liquidity is often restricted by quarterly caps. Understanding how these limits operate can help set realistic expectations before committing capital.
Further reading
For broader context on how pooled vehicles fit into personal portfolios, see Investing.
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Would you put some of your savings into private investment funds?
