Private Markets: Unlocking the Opportunities of Tomorrow’s Economy

  • 23/10/2026

On 20 October, BIL welcomed nearly one hundred clients to an exclusive event dedicated to private markets, an asset class that is attracting growing interest from investors seeking diversification and long-term growth opportunities.

Following a welcome address by Claude Eyschen, Head of Wealth Management at BIL, Natalia Smerdova, Senior Fund Analyst, introduced the key trends shaping today’s private markets landscape. As an increasing share of value creation takes place outside public markets, investors now have broader access to opportunities that were once reserved for institutional investors.

A panel discussion featuring leading private markets specialists then explored the opportunities and outlook across key segments of the asset class. The panel brought together Tomislav Culic, Director and Head of Private Wealth Continental Europe at KKR, focusing on private credit; Stéphane Brimont, Managing Director, Real Assets at MAM; and Manuel Kalbreier, Managing Director and Head of Alternatives Specialists at Neuberger Berman, covering private equity. Moderated by Natalia Smerdova, the discussion highlighted the role these assets can play within a long-term investment strategy, as well as the importance of diversification and manager selection.

Private markets are currently undergoing a significant transformation. Once largely the preserve of institutional investors, they are becoming increasingly accessible to private clients through innovative investment structures, including evergreen and semi-liquid funds. At a time of heightened volatility in public markets and growing demand for diversification, investors are showing increasing interest in private equity, private credit and private infrastructure. This shift reflects a broader structural trend: a growing share of economic value creation now takes place outside listed markets, while investment solutions are becoming more flexible and accessible without sacrificing their long-term investment horizon.

BIL Serenio Private Markets: Simplified Access to Private Markets

Designed for investors seeking exposure to the real economy, the solution is built around a diversified allocation across private equity, private credit and private infrastructure. It combines BIL’s manager selection expertise with access to internationally recognised asset managers through an integrated solution designed for long-term wealth creation.

As financial markets continue to evolve, private markets are increasingly establishing themselves as a valuable complement to traditional investments. With BIL Serenio Private Markets, BIL supports clients in accessing these opportunities through a disciplined, diversified and long-term investment approach.

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