Carlyle, Goldman and Stepstone funds launch on Willow Wealth platform

Willow Wealth, formerly known as YieldStreet, is now offering evergreen funds from Carlyle, Goldman Sachs Asset Management and Stepstone to accredited retail investors on its platform.

The three funds: Carlyle Tactical Private Credit Fund, StepStone Private Markets and Goldman Sachs Real Estate Diversified Income Fund, collectively represent over $11.7bn (£8.8bn) in assets under management.

Investors can access these funds on Willow Wealth’s platform with as little as $10,000, according to a Bloomberg report.

Read more: Special report: Winning over the wealth market

Private markets evergreen funds are growing in popularity and now represent more than $180bn in AUM, as they offer greater liquidity than traditional private markets funds.

“Private markets are undergoing a shift in how they’re accessed and who can access them,” said Mitchell Caplan, chief executive of Willow Wealth. “Today’s announcement represents our vision for the next generation of private markets investing — one where investors can build complete portfolios combining always-on core exposure through evergreen funds with targeted, differentiated individual opportunities. These three inaugural funds from Carlyle, Stepstone, and Goldman Sachs stood out for their track records, scale, and strategic fit as core portfolio holdings.”

Read more: Ares lifts growth forecasts for wealth channel

Shane Clifford, head of global wealth at Carlyle, added: “We see private markets playing a larger role in long-term portfolio construction, and distribution partnerships are key to meeting that growing demand.

“Willow Wealth’s platform aligns with our commitment to broaden access to institutional-grade solutions, and we look forward to working together as they support their investors’ goals.”

Read more: Private markets to account for half of global asset management revenues by 2030