Semi-Liquid SurgeHistorically, private markets were reserved for high-net-worth investors because of high costs of entry, illiquidity, opacity and complexity. Boutique BlueprintTraditional asset managers have been partnering with each other and alternatives firms to launch semi-liquid funds meant for high-net-worth and mass-affluent clients. Just last month, partnerships between Vanguard, Wellington and Blackstone, in addition to T. Rowe Price and Goldman Sachs, launched their own semi-liquid funds. However, advisors deeply familiar with private markets aren’t necessarily buying in, at least for now. As hype for private markets balloons, some advisors remain skeptical.