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Asset management 2025: The great convergence (McKinsey & Company)

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ReportMcKinsey & CompanySeptember 2025Summary onlyOriginal source

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About this report

  • McKinsey's annual global review of the asset management industry.p.
  • It covers the convergence of public and private investing across the industry.p.
  • It examines the growth of evergreen and semi-liquid vehicles that bring private markets to wealth clients.p.
  • It also reviews the growth of assets under management and what it means for managers' business models.p.
  • For asset managers, distributors, wealth platforms and investors in the sector.p.

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