How Education Leads to Allocation in Private Investments - Michael Sidgmore - Partner & Co-Founder @ Broadhaven Ventures

Feb 6, 2026

Michael Sidgmore, Partner and co-founder of Broadhaven Ventures and creator of Alts Goes Mainstream, draws on a career from Goldman to iCapital. He talks about how education drives private market adoption in the wealth channel. He explores GP strategies for reaching wealth, the rise of evergreen structures, consolidation in wealth management, and why brand and authenticity now matter.

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ANECDOTE

Career Path Shaped His Thesis

Michael Sidgmore traced his path from Goldman to Mosaic to iCapital and then Broadhaven Ventures.
He used those roles to learn market structure, distribution, and how to build private-markets infrastructure.

INSIGHT

Education Drives Allocation

Education is the primary catalyst for private markets adoption in the wealth channel.
Michael Sidgmore argues education enables advisors to make thoughtful allocation decisions.

INSIGHT

Wealth Channel Is Early Stage

The wealth channel remains early in private markets adoption despite huge AUM.
Michael Sidgmore notes typical wealth allocations to private markets are still around 0–5% versus much higher institutional allocations.

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In this episode of The Distribution, Brandon Sedloff sits down with Michael Sidgmore to unpack the accelerating convergence between private markets and private wealth. Drawing on Michael’s experience across investing, advisory, and media, the conversation explores how shifting market structure, technology, and education are reshaping distribution strategies. They examine why the wealth channel is still early in its adoption of alternatives and what that means for GPs thinking about growth beyond institutions. The discussion also highlights how evolving business models on both the asset management and wealth management sides are beginning to collide.

They discuss:

Why education is the primary driver of private market adoption in the wealth channel
How different GP profiles should think about whether and how to pursue private wealth distribution
The rise of evergreen structures and the operational and cultural demands they place on managers
How consolidation in wealth management is changing allocator behavior and GP relationships
Why brand, identity, and authenticity matter more than ever for alternative managers

Links:

Broadhaven Ventures - https://www.broadhaven.vc/

Michael On LinkedIn - https://www.linkedin.com/in/michaelsidgmore/

Alt Goes Mainstream Podcast - https://altgoesmainstream.substack.com/podcast

Brandon on LinkedIn - ⁠https://www.linkedin.com/in/bsedloff/⁠

Juniper Square - ⁠https://www.junipersquare.com/⁠

Topics:

(00:00:00) - Intro (00:03:05) - Michael's career journey and insights (00:09:13) - Market structure and evolution (00:20:13) - GP profiles and wealth channel strategies (00:26:22) - Education and allocation in private markets (00:29:43) - Navigating the wealth channel (00:30:04) - Leveraging industry-wide education initiatives (00:33:52) - Building a personal brand in finance (00:41:57) - Shifting business models in wealth and asset management (00:48:30) - Exciting prospects for the future (00:53:01) - Conclusion and final thoughts