Amid increased scrutiny on private markets, 40 per cent of Australian wealth managers believe access – or lack thereof – to private assets is a “threat” to their business, according to research.

The report, from Natixis Investment Managers and CoreData Research, found 92 per cent of wealth managers intend to increase or maintain their private credit offering and 91 per cent plan to do the same with private equity investments.

Additionally, nearly half – 48 per cent – say meeting client demand for unlisted assets will be a major factor in growth plans.

The report found local portfolios are relying on a mix of 88 per cent public assets and 12 per cent private assets, with the allocation to the latter expected to increase further.