Private markets are entering a new phase – one shaped less by traditional buyouts and more by targeted opportunities in specialist sectors. Families with £20M+ to deploy are broadening their lens, seeking exposure to themes with long-term structural tailwinds, clearer cash-flow visibility, and more direct influence over outcomes.
Below is a concise view of where capital is moving next.
1. GP Staking & Fee-Stream Opportunities
A growing number of families are taking minority positions in established investment managers. The rationale is simple: share in durable fee income, gain visibility on deal pipelines, and secure access to opportunities not typically available through a blind-pool commitment.
2. Energy Transition Infrastructure
The energy system is being rebuilt for a world of electrification, storage needs, and growing power demand from AI and data. Investors are increasing allocations to renewable assets, grid infrastructure and related platforms that offer resilient, long-duration exposure.
3. Life-Sciences Royalties & Healthcare IP
The search for yield has revived interest in royalty streams and healthcare-related intellectual property.
These assets offer non-market-correlated cash flows and the potential for well-protected downside – attractive qualities in a higher-for-longer rate environment.
4. Data-Centre Growth & Digital Infrastructure Roll-Ups
The expansion of AI, cloud services and global data consumption has made digital infrastructure one of the most compelling real-asset themes. Families are exploring targeted roll-ups of regional data-centre operators and adjacent platforms.
5. Critical Minerals & Strategic Resources
Long-term demand for battery metals and rare-earth minerals continues to rise as manufacturing, electrification and supply chains shift. Investors view these materials as strategic, inflation-resilient exposures for the coming decade.
6. Insurance-Linked Strategies
With bond markets offering limited real income, some families are allocating to insurance-linked structures that provide predictable return profiles and limited correlation to public markets.
7. Music Catalogues, IP and Alternative Real Assets
Intangible IP – including music rights and media catalogues – has matured into a steady-income asset class. Investors are drawn to the multiyear predictability and cash-flow clarity these portfolios can deliver.
Why Families Are Moving Towards Direct Deals and Co-Investments
A noticeable shift is under way: wealth holders are reducing exposure to broad, diversified funds in favour of more selective, hands-on allocations. The motivations are consistent:
– More influence over terms, leverage, and exit pathways
– Lower overall fee drift
– Access to opportunities that rarely make it to general distribution
– Stronger alignment with 10–20-year family-wealth objectives
– The ability to build or extend platforms rather than own single assets
This evolution reflects a maturing private-markets landscape – and a preference for precision over breadth.
Portfolio Construction in a Higher-for-Longer World
The mechanics of portfolio planning are also changing. The focus is shifting towards:
Vintage Diversification
Spreading commitments across multiple years helps reduce concentration risk in any single market environment.
Pacing Plans
Disciplined annual allocation frameworks allow investors to take advantage of dislocations without overextending.
Liquidity Budgeting
In today’s rate environment, managing capital calls, distribution timing and cash reserves is becoming more important for maintaining flexibility.
Balanced Thematic Mix
Combining long-duration real assets, income-oriented strategies, and selective high-upside co-investments creates more resilient long-term portfolios.
Jura Capital’s Edge
For families seeking access to the most attractive corners of private markets, deal sourcing and alignment matter more than scale.
Jura Capital’s approach reflects this:
– Access to £10M–£50M club deals
– Proprietary co-investments alongside top-tier managers
– Focused, relationship-driven sourcing
– Selective opportunities that do not rely on high-volume distribution
– Structuring expertise tailored to long-term capital
This positions Jura as a gateway to high-quality private-market opportunities that are often oversubscribed or unavailable to most investors.
