Alexandre Drabowicz

Private assets represent around 5% of Indosuez’s total assets under management. It is something we have been investing in for over 20 years, across private equity, private credit, private infrastructure, secondaries and direct co-investments. This €10bn is held by 3,000 clients – a mix of high-net-worth individuals, single or multi-family offices, family holdings and institutional investors. 

New investors continue to embrace private markets, supported by notably more accessible products such as semi-liquid funds. Allocations usually range from 5% to 20% of total wealth, across different private asset classes. 

The exception is sophisticated investors with longstanding exposure to private markets, who have raised their allocation from 30% to 40%. They have done this by reducing other asset classes. Indosuez’s house view is to allocate 5-25% to private markets as a central allocation alongside other asset classes. 

For 2025, we are keeping an overweight in our strategic roadmap.