10 things you should know about the Democratisation of Private Assets

In this long-read, deep-dive article, we explore the concept of the Democratisation of Private Assets (DoPA).

The note covers the following topics:

1. Why democratise now?

2. Where is the demand for democratisation?

3. The problem of liquidity mismatch

4. The cult of daily liquidity

5. Woodford - a case study in illiquidity?

6. The market approach: A switch to secondary liquidity?

7. A more fundamental approach: The need for regulatory change

8. Regulatory change in the UK

9. Regulatory change in the EU – in pursuit of ELTIFs?

10. Regulatory change - other examples