Latest news with #JimWalker
Forbes
4 days ago
- Forbes
Make Walking Safe And Comfortable, Pedestrian Advocate Urges Cities At Transit Summit
'Despite many years' worth of road safety campaigns, it hasn't got safer to be a pedestrian or cyclist anywhere in the world in the last 15 years,' says Jim Walker, founder of Walk21, an internationally-focussed pedestrian advocacy group. 'We have to do something more than just talk about telling people to get out there and walk or cycle; we have to make it safe, make it comfortable, and make it enjoyable.' Walker—yes, a neat bit of nominative determinism there—was speaking at the UITP Summit in Hamburg, Germany, an exhibition organized by the International Association of Public Transport, or Union Internationale des Transports Publics (UITP). Most passengers on public transport tend to be also pedestrians, he stresses. 'There are many trip stages in most public transport trips, and between 90 to 98% of them are walked. If public transport operators want to improve satisfaction as well as system efficiencies, then they have to think about the total journey experience.' Widening sidewalks, planting street trees, and adding attractive places to sit might not be as appealing—to politicians and planners—as driverless cars, autonomous buses, and the latest electrified scooters. However, improving the urban realm for pedestrians can boost transit ridership, and this, in turn, reduces climate emissions, says Walker. 'Cities too often get hoodwinked into adding micromobility options, becoming 'smarter,' and autonomous, but only a small number of people will benefit from those changes, potentially alienating the great majority and worsening the inequity that already exists. Too many technologies are sold with the promise that in the future, you won't have to walk anymore—that won't make for attractive cities. 'We should assume, instead, that every trip will be walked. And if it's not, then it ought to be cycled. And if it can't be cycled, then it should be by public transport. The private car should always be last in the hierarchy of urban transport.' Walk says that too many transport reports focus on main travel modes, with surveys largely ignoring walking to stations and bus stops. 'When people arrive at a train station, how did they get there? They likely walked 700 meters or more, yet that element of the journey isn't always measured. Walking is too often the invisible mode of transport; [local and national authorities] undercount and undervalue walking. 'The modeling that gets taught to transport planners all over the world is for the facilities provided to pedestrians should be 'adequate.' But adequate should not be okay. 'Eight years ago, the European Commission had only one indicator for active mobility, and that was the number of kilometers of bike lanes. But the quality of those bike lanes is rarely measured. And, similarly, the number of kilometers of [sidewalks] Maria Neira, Director of the Environment, Climate Change, and Health Department at the World Health Organization, emphasized the close link between public transit and public health. She noted the health benefits of using transit were enormous. Transit operators, she added, had 'an incredible potential to create environments where health is protected' and encouraged the sector to work with medical professionals on making the case for public transport. The UITP Summit runs through Wednesday and will attract over 10,000 delegates across three days, with more than 400 exhibitors occupying 30,000 square meters of floor space at the Hamburg Messe. Next year's show will be staged in Dubai—a scale model on Dubai's booth shows elevated and air-conditioned walkways linking to transit stations.
Yahoo
14-04-2025
- Business
- Yahoo
Adams Street's 2025 Advisor Outlook Highlights Rising Demand for Access to Private Markets
Shift towards private markets accelerates as wealthy individuals seek diversified investment opportunities CHICAGO, April 14, 2025--(BUSINESS WIRE)--Adams Street Partners, LLC, a leading private markets investment firm with more than $62 billion in assets under management, today released its inaugural Advisor Outlook. Titled "The Rise of Private Wealth in Private Markets," the report presents insights from over 100 financial advisors across North America, Europe, and Asia. Respondents cite growing client demand for private market exposure, with 92% expecting the asset class to outperform public markets over the long term. In turn, more than two-thirds (67%) anticipate an increase in the percentage of clients with an allocation to the asset class over the next three years. "Private markets are becoming an essential part of a well-diversified portfolio, and financial advisors are on the front lines of this shift," said Jim Walker, Partner & Global Head of Wealth at Adams Street. "Adams Street is focused on equipping advisors with access to institutional-quality origination, education, and a range of structures to help meet client goals. As an employee-owned firm with significant assets invested alongside our clients, we are deeply aligned with those we serve." While complexity, limited access, and tax reporting preferences have historically limited private market participation, advisors report meaningful progress in addressing those barriers. Structures such as semi-liquid evergreen funds and digital platforms, along with an increasingly favorable regulatory environment are expanding the reach of private investments. As a result, the wealth management market has emerged as a significant and fast-growing source of private markets capital. Individual investors account for about $2.7 trillion, or one-fifth, of the $14 trillion in private market assets under management, according to Morgan Stanley.1 This is projected to rise to 37% within five years, signaling a profound shift in capital flows and a growing democratization of private markets investing. "Individual investors are playing an increasingly vital role in the evolution of private markets," said Jeffrey Diehl, Managing Partner & Head of Investments at Adams Street. "As access expands and product innovation accelerates, we see a meaningful opportunity to deliver differentiated returns through high-quality private equity and private credit investments—strategies traditionally reserved for institutional portfolios. Our proprietary insights and longstanding relationships have historically helped us to identify and access many companies that were able to serially compound revenue and profit growth to drive long-term outperformance in private markets." Key findings from the Advisor Outlook include: Client Momentum: More than 65% of FAs stated that at least 10% of their clients currently had private market investments and two-thirds (67%) of FAs expect that proportion to increase over the next three years, with nearly 7% predicting that the percentage of clients with alternative holdings will increase by more than 20%, reflecting growing familiarity and deeper engagement with alternative strategies. Product Innovation: Evergreen structures are gaining traction, with 44% of advisors preferring them to traditional closed-end funds (37%). Over half cite broader client access as a primary benefit of these vehicles. Education Gap: 69% of advisors say the complexity of private markets makes it difficult to communicate effectively with clients. Less than half (49%) rate their own expertise as "advanced"—while client understanding trails, with just 32% of advisors reporting that their clients have "advanced knowledge". Investment Priorities: Technology is seen as a key investment sector in 2025 for 58% of advisors, followed by financial services (42%). North America-based advisors report that clients prioritize wealth preservation and tax efficiency, while those in Europe emphasize access to new investment opportunities. In Asia, advisors highlight private markets' ability to drive income and diversification. AI Outlook: Advisors expect artificial intelligence to transform how they engage with clients, predicting enhancements in risk management (52%), market forecasting (48%), and operational efficiency (48%). To read the 2025 Advisor Outlook, please visit Adams Street Private Wealth Solutions Adams Street Partners provides wealth managers and financial advisors access to private markets knowledge and investment solutions designed to help their clients grow and protect wealth. The firm was founded over 50 years ago and manages over $62 billion for clients across private equity and venture capital funds, secondary, growth equity, buyout and venture co-investments, and private credit strategies. Adams Street has offices in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, Tokyo, and Toronto. Visit Important Considerations: This information (the "Paper") is provided for educational purposes only and is not investment advice or an offer or sale of any security or investment product or investment advice. Offerings are made only pursuant to a private offering memorandum containing important information. Statements in this Paper are made as of the date of this Paper unless stated otherwise, and there is no implication that the information contained herein is correct as of any time subsequent to such date. All information has been obtained from sources believed to be reliable and current, but accuracy cannot be guaranteed. References herein to specific sectors, general partners, companies, or investments are not to be considered a recommendation or solicitation for any such sector, general partner, company, or investment. This Paper is not intended to be relied upon as investment advice as the investment situation of individuals is highly dependent on circumstances, which necessarily differ and are subject to change. The contents herein are not to be construed as legal, business, or tax advice, and individuals should consult their own attorney, business advisor, and tax advisor as to legal, business, and tax advice. Past performance is not a guarantee of future results and there can be no guarantee against a loss, including a complete loss, of capital. Certain information contained herein constitutes "forward-looking statements" that may be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "estimate," "intend," "continue," or "believe" or the negatives thereof or other variations thereon or comparable terminology. Any forward-looking statements included herein are based on Adams Street's current opinions, assumptions, expectations, beliefs, intentions, estimates or strategies regarding future events, are subject to risks and uncertainties, and are provided for informational purposes only. Actual and future results and trends could differ materially, positively or negatively, from those described or contemplated in such forward-looking statements. Moreover, actual events are difficult to project and often depend upon factors that are beyond the control of Adams Street. No forward-looking statements contained herein constitute a guarantee, promise, projection, forecast or prediction of, or representation as to, the future and actual events may differ materially. Adams Street neither (i) assumes responsibility for the accuracy or completeness of any forward-looking statements, nor (ii) undertakes any obligation to update or revise any forward-looking statements for any reason after the date hereof. Also, general economic factors, which are not predictable, can have a material impact on the reliability of projections or forward-looking statements. Adams Street Partners, LLC is a US investment adviser governed by applicable US laws, which differ from laws in other jurisdictions. 1 Morgan Stanley, "Accessing the $70Tr Private Wealth TAM", November 2024 View source version on Contacts Media Inquiries Rich Myers / Rachel GounProfile Advisors+1 347 343 2999adamsstreet@ Sign in to access your portfolio
