Steve Blewitt on Private Market Investing: What Individual Investors Need to Know
Steve Blewitt recently joined Rhett Power on Best Seller Live to discuss his new book, Investing in Private Market Funds: Institutional Strategies for Individual Investors, and what individual investors should understand as private markets become increasingly accessible.
Drawing on his decades of experience investing in private equity, private credit, and real assets, including his former role as Chief Investment Officer and Head of Private Markets at Manulife Investment Management, Steve shares an institutional perspective on navigating this evolving market.
Watch the Interview
In this wide-ranging conversation, Steve discusses why he wrote the book, what individual investors can learn from institutional investors, and why greater access to private markets needs to be accompanied by greater knowledge.
Key Takeaways
Private market access is growing faster than investor knowledge.
More products and solutions are becoming available to individual investors, but understanding how they work is essential before committing capital.
Don’t invest because of FOMO.
Steve’s advice is straightforward: investors don’t need to rush into private markets. We are still in the early innings. Taking the time to become informed can lead to better decisions.
Manager selection matters.
Steve emphasizes the importance of manager selection because private markets can produce a much wider range of outcomes than public markets. Investors need to understand how a manager creates value and whether that process is repeatable.
Relationships matter.
Steve also discusses the value of working with knowledgeable advisers and building relationships with people who can provide context and perspective that generic investment tools may not capture.
About the Book
Investing in Private Market Funds: Institutional Strategies for Individual Investors brings together Steve Blewitt’s experience as an institutional investor and fund manager to explain how individuals can approach private markets more effectively.
The book covers private equity, private credit, real assets, and other areas of the private market landscape, with an emphasis on understanding risk, evaluating fund managers, constructing a portfolio and making informed investment decisions.
About Steve Blewitt
Steve Blewitt is a private markets investment professional with extensive institutional experience across private equity, private credit, and real assets. He is the founder of Private Markets Navigator and author of Investing in Private Market Funds: Institutional Strategies for Individual Investors.
His goal is to make institutional private market investing concepts more accessible to individual investors.
Explore More from Steve
Interested in learning more about private market investing? Explore Steve’s articles on topics including:
Private Market Allocation
How should individual investors think about allocating to private markets?
Selecting Private Fund Managers
What should investors look for when evaluating a private market manager?
Private Market Liquidity
What should investors understand about liquidity and gated redemptions?
The Convergence of Public and Private Markets
How are the boundaries between public and private markets changing?