Key Takeaways
- • AssetMark expanded its private markets platform by adding two new private equity interval funds: Calamos Aksia Private Equity and Alternatives Fund (CAPVX) and StepStone Private Equity Strategies Fund (STPEX), bringing total interval fund offerings to six.
- • The platform now spans four private markets categories—private equity, private credit, private real estate, and private infrastructure—with integrated access through AssetMark's unified managed account (UMA) technology.
- • The new PE strategies build on existing private credit, real estate, and infrastructure offerings that launched in November 2025, representing a methodical expansion of alternative asset classes for independent financial advisors.
- • AssetMark designed the solution to address operational complexity for advisors, including liquidity management, subscription processes, portfolio construction, and integrated operations across multiple private markets strategies.
- • David McNatt, EVP and Chief Wealth Solutions Officer at AssetMark, emphasized that the platform aims to simplify private markets implementation by removing operational burden from advisors' practices while maintaining portfolio flexibility and client education.
Summary
AssetMark, a leading wealth management platform serving independent financial advisors, announced the expansion of its private markets offering with the addition of two diversified private equity interval funds. The firm integrated the Calamos Aksia Private Equity and Alternatives Fund (CAPVX) and the StepStone Private Equity Strategies Fund (STPEX) into its platform, bringing the total number of interval and tender offer funds to six and extending coverage across four distinct alternative asset categories.
The expansion builds methodically on AssetMark's private markets infrastructure launched in November 2025, which initially included private credit, private real estate, and private infrastructure strategies. With the addition of private equity exposure through the two new funds, advisors now have access to a more comprehensive suite of alternative investments integrated directly into AssetMark's unified managed account technology—enabling seamless portfolio construction and consolidated reporting.
According to David McNatt, Executive Vice President and Chief Wealth Solutions Officer at AssetMark, the expansion addresses a critical gap in private markets accessibility for independent advisors. McNatt noted that while private markets can deliver meaningful diversification and long-term return potential, the operational complexity—including manager selection, liquidity management, subscription processes, and integrated operations—historically presents significant friction. AssetMark's approach combines curated private markets strategies with UMA technology and portfolio management support to reduce administrative burden and improve advisor experience.
The platform's design specifically tackles operational considerations that have traditionally complicated private markets adoption among independent advisors. By centralizing diverse liquidity terms, subscription requirements, and compliance processes through a single UMA interface, AssetMark enables advisors to incorporate private markets into client portfolios without proportional increases in back-office complexity. The firm also emphasizes advisor and client education as a cornerstone of its private markets strategy, recognizing that successful alternative asset integration requires stakeholder confidence and understanding of risk-return profiles and liquidity constraints.
The expansion builds methodically on AssetMark's private markets infrastructure launched in November 2025, which initially included private credit, private real estate, and private infrastructure strategies. With the addition of private equity exposure through the two new funds, advisors now have access to a more comprehensive suite of alternative investments integrated directly into AssetMark's unified managed account technology—enabling seamless portfolio construction and consolidated reporting.
According to David McNatt, Executive Vice President and Chief Wealth Solutions Officer at AssetMark, the expansion addresses a critical gap in private markets accessibility for independent advisors. McNatt noted that while private markets can deliver meaningful diversification and long-term return potential, the operational complexity—including manager selection, liquidity management, subscription processes, and integrated operations—historically presents significant friction. AssetMark's approach combines curated private markets strategies with UMA technology and portfolio management support to reduce administrative burden and improve advisor experience.
The platform's design specifically tackles operational considerations that have traditionally complicated private markets adoption among independent advisors. By centralizing diverse liquidity terms, subscription requirements, and compliance processes through a single UMA interface, AssetMark enables advisors to incorporate private markets into client portfolios without proportional increases in back-office complexity. The firm also emphasizes advisor and client education as a cornerstone of its private markets strategy, recognizing that successful alternative asset integration requires stakeholder confidence and understanding of risk-return profiles and liquidity constraints.
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