Outside of other structures like interval funds and feeder funds, ETFs remain a convenient and familiar choice. Private markets can offer exposure to diverse opportunities and the potential for excess returns. Several ETFs have taken indirect routes through equity investments of private managers or through ETFs of BDCs. This isn’t necessarily wrong, but I believe private market investment will become more strategic and longer-term. The amount of private market ETFs has surged over the past few years as many investors look for new ways to access the strategy.