Private-market investments are moving closer to the technology advisors already use to manage traditional client portfolios. AssetMark announced September 23 that it has added the Calamos Aksia Private Equity and Alternatives Fund and StepStone Private Equity Strategies Fund to its private-markets platform. The additions bring the platform to six interval funds spanning private credit, private real estate, private infrastructure, and private equity.
More significant than the number of funds is how they are being delivered. AssetMark has integrated its private-market offerings into its unified managed account technology, allowing advisors to incorporate public and private investments within the same portfolio-management framework. Historically, alternatives have often required separate platforms, subscription processes, reporting systems, and operational workflows. Bringing private-market funds into a UMA moves them closer to the systems advisors use for everyday portfolio construction and management.
For wealth advisors, that integration could change the role alternatives play in client portfolios. Rather than beginning with a separate decision about whether to purchase an alternative investment, advisors may increasingly evaluate private credit, real estate, infrastructure, and private equity alongside traditional holdings as part of a broader asset-allocation process. As technology makes that integration easier, due diligence remains essential: improved access and administration do not eliminate differences in liquidity, valuation, fees, and investment risk. But the technology surrounding alternatives is increasingly shifting from simply providing access to making private markets part of the advisor’s regular portfolio workflow.
Sources
AssetMark, AssetMark Expands Private Markets Platform with Private Equity Strategies from Calamos Investments and StepStone Group, September 23, 2026.
