Private markets access for the masses is coming – get your operation in order

When Nuveen announced it would be acquiring Schroders in a £9.9bn cash deal, reaction from the global wealth management community was of shock and perhaps awe. Schroders' share price jumped close to 30% following the announcement, a sharp reflection of market surprise. It instantly created a new £1.9trn asset‑management giant, blending Nuveen's £1.1trn ($1.4trn) assets under management (AUM) with Schroders' £820bn ($1.1trn). Against this backdrop, the Schroders family's decision to sell its ~42% stake marks the end of more than two centuries of family control. The deal is one of the m...