Articles by author
Governance-by-design for private markets: from platforms to capital infrastructure
Part II of the two-part series ‘Governance-by-Design for Private Markets’ advances governance-by-design from a diagnostic framework to an operational model. As long-term investors such as pension funds and sovereign wealth funds become more sophisticated and evolve from product takers into platform architects, governance becomes increasingly important. This article argues that governance-by-design becomes an operational necessity when private markets platforms begin to function less as traditional asset managers and more as core components of global capital infrastructure.
25 JUN 2026Governance-by-design for private markets: from funds to platforms
In this article, the authors diagnose a governance paradox in private markets: as operating models shift from fund-by-fund deployment to platform-level management, decision-making authority is centralised while fiduciary obligations remain fragmented across legally separate vehicles. Governance frameworks designed for episodic, vehicle-level decisions are structurally exposed to ad hoc retrofits that may not reliably balance competing investor interests.
22 MAY 2026
