April 25, 2025 |

The Dakota Research Podcast #11: M&A, RIAs, and Retail Alts – What’s Reshaping Investment Management

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About The Episode

In Episode 11 of the Dakota Research Podcast, we explore how the investment management industry is rapidly evolving. We kick off with key private equity headlines, including a16z’s $20B AI fundraise, Blackstone’s $10.8B European real estate close, and Bain Capital’s $1B deal for Sizzling Platter.

Our deep dive focuses on structural shifts reshaping the sector—from consolidation among asset managers and RIAs to the growing demand for alternative investments. We discuss fee pressure, the rise of semi-liquid fund structures, and how public and private markets are converging. We also examine the expansion of family offices, ESG investing's shifting role, and what these trends mean for investors and managers alike. If you’re tracking how capital, talent, and strategy are moving in today’s market, this episode connects the dots.

LISTEN HERE: