AssetMark has taken a significant step forward in expanding its wealth management platform into private markets through a new strategic partnership with Carlyle. The global private markets group joins fellow peers, Apollo, KKR and StepStone in a clear mark of intent to further revolutionize private markets for private wealth. Top marks to both firms for recognizing the importance of broadening advisor access. AssetMark will utilize part of its discretionary assets and dynamic unified managed accounts (“UMA”) as IFAs to introduce private markets as part of a wider range of portfolio solutions. The first Carlyle fund to be added to the platform will be the Carlyle Tactical Private Credit Fund. “Advisors are seeking new ways to help clients build more resilient portfolios, and thoughtful partnerships like this make institutional-quality solutions more accessible and actionable,” said Shane Clifford, Head of Global Wealth at Carlyle.