Closing Bell Closing Bell: Navigating Alternative Investments 10/14/25
Oct 14, 2025
Robert Smith, the founder and CEO of Vista Equity Partners, shares insights on how AI is reshaping enterprise software, including the emergence of agentic AI as a game changer for productivity. Kristin Olson, Head of Alternatives at Goldman Sachs, discusses the new generation of investors diving into private markets, emphasizing the need for education around alternative investments. Both guests highlight current market dynamics, the shift towards operational improvements, and the intriguing rise of private equity amidst evolving economic conditions.
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Private Markets Hold Most Economic Growth
- Matt Brown notes the private market dominates growth: 80% of US companies with >$100M revenue are private, while public listings fell from 7,000 to 4,000.
- He argues advisors need private allocations to offer complete portfolios that participate in U.S. economic growth.
Give Advisors A Complete Alts Toolkit
- Use integrated toolkits: combine education, due diligence, portfolio construction, execution, and monitoring to scale alts for clients.
- Equip advisors with frameworks so they can implement private allocations responsibly.
Registered Wrappers Democratize Alts
- Demand centers on private equity and private credit, plus registered fund wrappers that democratize access to alts.
- The SEC-driven expansion of registered formats is opening alternatives to more investors.