In this episode, host Greg Dool sits down with Jonathan Brasse, PERE's real estate editor-in-chief, for a deep dive into one of the biggest forces transforming the private markets landscape: manager consolidation. The discussion explores why private market managers across asset classes are acquiring or partnering with other businesses in a bid to scale up, and what that means for investors and the markets they serve. The conversation hinges on the release of PEI Group's Private Markets 2030, a series that takes a look at the major forces shaping the alternative assets industry. Listen as Dool and Brasse unpack the shifts fuelling consolidation. Among increasing demands for diversification and transparency, they focus on a major change in the sources of capital that support managers. For three decades, private markets have been fuelled by institutional investors. But as these institutions reach target allocations, two other sources of capital – private wealth and insurance capital – have emerged, with both the appetite for private market exposure and the means to access it.