February 17, 2026
Wealth Management

Private Markets Transform Wealth Portfolio Construction


In this episode of the Wealth Management Invest podcast, host David Bodamer speaks with Dave Donahoo, head of Americas, Wealth Management Alternatives at Franklin Templeton, about how private equity, private credit and real estate are increasingly shaping portfolio construction within the wealth channel.

Dave shares how Franklin Templeton approaches private markets, evaluates semi-liquid fund structures and prioritizes investment integrity when adapting institutional strategies for advisors. He also discusses current themes across private asset classes, the role of education in advisor adoption, and why private markets are becoming a central part of long-term portfolio design.

Key points:

  • Why private markets are no longer viewed as niche allocations for wealth portfolios

  • How semi-liquid structures are evaluated before launch

  • The role of supply and demand across private equity, credit and real estate

  • How institutional experience informs product design for wealth clients

Related:Wealth Management Invest: IPA’s Anya Coverman on Regulatory Issues

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