Drawing on estimates from reputable industry analyses, including McKinsey’s Global Private Markets Report 2024 and data referenced by S&P Global, global private markets assets under management are placed at approximately US$13–14 trillion. This highlights how a significant share of value creation is taking place in unlisted companies.

 Analysis by iCapital shows that companies are remaining private for longer, with the median age at IPO increasing over recent decades as abundant private capital, higher public‑market regulatory requirements and a desire for greater strategic flexibility all contribute to firms delaying listing. For long‑term investors, this means private markets are an increasingly important avenue to access innovative, high‑growth businesses, particularly in areas such as AI, digital infrastructure and the energy transition.

ELM periodically offers private investment opportunities to existing clients through single‑deal Special Purpose Vehicles (SPV), giving investors the flexibility to decide where and how much to allocate on a deal‑by‑deal basis. These allocations are designed to sit alongside ELM’s listed strategies, extending the same research‑driven, innovation‑focused and sustainability‑first philosophy into earlier stage or pre‑IPO businesses that are not yet available in public markets.

Each private opportunity is selected to reflect ELM’s commitment to innovation, sustainable growth and long-term sustainability outcomes.

The focus is on high‑quality companies exposed to structural themes and solving real‑world problems, so that private allocations reinforce the same values and investment discipline that guide ELM’s Global and ANZ Funds.