March 2026

From Fringe to Framework: How Crypto Is Reshaping Private Markets

Out today, the latest edition of The Alternative Investor explores how crypto is moving from the fringes of finance into the architecture of global capital markets.

Alongside our February market review, the issue features Letter from America from Prosek Partners, insights from CAIA Association, a new AIMA - The Alternative Investment Management Association section and an exclusive The Money Maze Podcast interview with Manulife | CQS Investment Management’s CEO.

This month’s crypto contributors:

• Andres Martinez, CFA (Crypto Insights Group) — the institutionalisation of crypto private markets

• Jon Freedman & Richard Burgess (Quant Fin Ltd) — operational risk and institutional controls

• Jesse Knutson (Bitfinex Securities) — how tokenisation can modernise private market infrastructure

• Duke Kim (Securitize) — the rise of tokenised securities and on-chain capital markets

• Martin Gaspar (FalconX) — ETFs, derivatives and institutional flows reshaping crypto market structure

Also in this edition:

Letter from America: Prosek Partners’ Mark Kollar explores the growing role of independent sponsors in the US lower-middle market.

Money Maze Podcast: Manulife | CQS CEO Soraya Chabarek speaks with Simon Brewer about leadership, building institutional credit platforms and the philosophy of pursuing the possible.

CAIA: Laura Merlini examines how Gulf sovereign wealth funds have become the centre of gravity in global state capital.

AIMA: Aniqah Rao analyses UK consultations on client categorisation, transaction reporting and non-compete clauses.

We wrap up with our regulatory update from RQC Group, covering developments across the UK and US, including FCA updates on Consumer Duty reporting and SEC guidance on tokenised securities.