February 2026

The February Alternative Investor takes a look at how UHNW and family offices are reshaping private markets.

We look back at the past month’s news in our space, alongside Prosek Partners’ Letter from America, CAIA’s Insight and an exclusive Money Money Maze Podcast interview with East Capital Group.

• PwC’s Christine Cairns says that with global wealth now above $500 trillion, private wealth has become a real growth engine for private markets, driving new fund structures, governance models and a structural rebalancing of capital.

• Marex’s Mark Ralph explores how increasingly sophisticated family offices are adopting prime brokers alongside private banks to achieve institutional-grade trading, financing and operational efficiency without ceding control.

• Carey Olsen’s Arindam Madhuryya examines how UHNWs are blending private wealth and fund structures in Jersey, using limited partnerships, unit trusts and Jersey Private Funds to access alternatives with greater flexibility, confidentiality and lighter regulation.

Money Maze Podcast: Simon Brewer interviews East Capital's Chairman & CIO Peter Håkansson on why innovation and manufacturing scale increasingly sit in Asia - often China - challenging US-centric portfolios.

CAIA Insight: Georgina Tzanetos unpacks Venezuela’s post-Maduro shock, distressed debt and shifting US leverage.

Letter from America: Prosek’s Mark Kollar challenges the private credit “reckoning” narrative, pointing to steady expansion and hiring.

We wrap up with our regulatory update from RQC Group.