Tag: Evergreen Structures
Wealth Management Invest: Cerity’s Tom Cohn on Private Market Allocations

Wealth Management Invest: Cerity’s Tom Cohn on Private Market Allocations

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In this episode of the Wealth Management Invest Podcast, host David Bodamer interviews Tom Cohn, partner and chief solutions officer at Cerity Partners. They explore the significance of private markets in client portfolios and discuss asset allocation strategies. 

Tom shares insights on the evolution of private markets, the rise of evergreen structures and the impact of macroeconomic trends on investment decisions.

They discuss:

  • Key considerations for client portfolios, including illiquidity risk and asset class diversification
  • The growing importance of data centers and AI-driven infrastructure investments
  • How secondaries provide diversification and reduce risk exposure
  • The shift of credit opportunities from banking to asset management 

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Wealth Management Invest: Breaking Down Semi-Liquid Funds with StepStone’s Bob Long

Wealth Management Invest: Breaking Down Semi-Liquid Funds with StepStone’s Bob Long

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In this episode of the Wealth Management Invest podcast, host David Bodamer sits down with Bob Long, CEO and partner of StepStone Private Wealth, to explore StepStone’s approach to developing private market investments for the wealth channel. 

Long discusses why Stepstone has opted for evergreen funds—semi-liquid, continuously invested structures rather than traditional drawdown funds. Such vehicles feature simplified tax reporting, no capital calls, and lower minimums, opening access to a wider range of investors. 

Key highlights from the episode include:

  • An explanation for how evergreen fund structures provide access to investors typically cut off from alternative investments 
  • A discussion of how Stepstone uses the semi-liquid structure across several alternative asset classes including infrastructure, private equity, and private credit.
  • How financial advisors are using semi-liquid funds in some clients’ portfolios 
  • And more

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About Our Guest:

Mr. Long has three decades of experience in the private markets and has led investment teams for global firms in both the general partner and limited partner roles. He has served as the CEO of two publicly traded companies focused on expanding private market access for high-net-worth investors.