SS&C Flags Operational Challenges as Retail Access to Private Markets Expands

• Retail expansion into private markets requires substantial investment in operating infrastructure to manage liquidity, valuations and regulatory obligations.
• Retail investors held an estimated $360 billion in private market assets by end-2025, following 60% annual growth over the preceding four years.
• Interval funds reached $234 billion in assets across 308 funds, offering limited quarterly repurchases while investing in longer-duration strategies.
• Non-traded business development companies grew to around $451 billion in assets by 2025 from $127 billion in 2020.
• Technology-exposed BDCs faced surging redemption demands in the first half of 2026, prompting boards to impose pro-rata gates limiting payouts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SS&C Technologies Holdings Inc. published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.