Keynote Interview: Structuring Success in Private Wealth

In the December 2025/January 2026 issue of Private Equity International, Northleaf’s Nadim Vasanji, Managing Director, shares his perspective on how innovation in private markets is creating new opportunities for investors, especially through the use of secondaries in open-end private equity funds.

“At Northleaf, we see secondaries as a powerful tool for quickly building diversified exposure in evergreen fund structures. This approach allows investors to ramp up their portfolios across sectors and vintage years, while maintaining the flexibility to adjust allocations as their needs evolve.”

Nadim highlights that open-end funds offer advantages over traditional closed-end structures, including enhanced liquidity and a more accessible investment experience for individuals and advisers. As regulatory environments evolve and managers invest in education and distribution, individual investors are gaining greater access to private markets.

Key Takeaways

• Secondaries enable rapid diversification and efficient portfolio construction in open-end private equity funds
• Evergreen fund structures offer investors greater flexibility and liquidity compared to traditional closed-end funds
• Regulatory changes and increased education are expanding access for individual investors
• Managers are focusing on transparency and distribution to better serve new investor segments