Not everyone realises that almost 90% of the economy takes place off the stock exchange. This is where growth companies and long-term projects are found that attract capital through private investors. By adding Private Markets to your portfolio, you can increase diversification and gain access to non-public markets with a long-term focus.
"},"textLinks":[{"text":"Download the guide","url":"https://assets.ing.com/asset/7f177dfa-a253-453d-bc5a-233b8ec8493b/Private-Markets-Guide-EN-Digital.pdf"}]},{"componentType":"sectionTitle","title":"More diversification, less dependence on the stock market"},{"componentType":"paragraph","richBody":{"value":"Europe’s largest evergreen platform: Invest via open-ended evergreen funds with a relatively low minimum investment. You are invested immediately and automatically diversified over time, sectors and regions.
Less dependent on stock market movements: When markets fall or rise, Private Markets do not automatically move with them. In addition, adding Private Markets to your portfolio further increases diversification.
Professional management: Globally leading asset managers ensure your investments are managed professionally and consistently.
Minimum investment from €125,000: And €1,000,000 in invested assets at ING, depending on the fund and conditions.
"}},{"componentType":"sectionTitle","title":"The building blocks: four categories within Private Markets"},{"componentType":"paragraph","richBody":{"value":"At ING, Private Markets consists of several building blocks. This allows you to diversify across different types of risk and return opportunities.
"}},{"comparisonCardList":[{"cta":{"componentType":"cta","textLink":{"text":"Read more","url":"/en/private-banking/investing/private-equity"}},"image":{"extension":"jpg","original":"https://assets.ing.com/asset/e7fc9f9d-cfd0-4483-b9b6-a6f239a0d292/Medium_Office-365-and-Newsletters-Two-business-men-greet-as-they-pass-in-street.jpg","transformBaseUrl":"https://assets.ing.com/transform/e7fc9f9d-cfd0-4483-b9b6-a6f239a0d292/Medium_Office-365-and-Newsletters-Two-business-men-greet-as-they-pass-in-street","type":"image","width":900},"subtitle":"You invest in non-listed companies with a focus on growth and long-term value creation.","title":"Private Equity","usps":[{"body":"Professionalisation, strategic expansion and scaling.","iconType":"optional"},{"body":"Focused on long-term development.","iconType":"optional"}]},{"cta":{"componentType":"cta","textLink":{"text":"Read more","url":"/en/private-banking/investing/private-markets-infrastructure"}},"image":{"extension":"jpg","original":"https://assets.ing.com/asset/4e3a7962-59bd-4a17-9ca9-f49fdf48e210/CP-Engie.jpg","transformBaseUrl":"https://assets.ing.com/transform/4e3a7962-59bd-4a17-9ca9-f49fdf48e210/CP-Engie","type":"image","width":5842},"subtitle":"You invest in essential physical and digital infrastructure, often with stable cash flows.","title":"Infrastructure","usps":[{"body":"Exposure to energy and digital networks.","iconType":"optional"},{"body":"Risks related to market and interest rate developments.","iconType":"optional"}]}],"componentType":"comparisonCards","title":"Private Equity,Infrastructure"},{"comparisonCardList":[{"cta":{"componentType":"cta","textLink":{"text":"Read more","url":"/en/private-banking/investing/private-credit"}},"image":{"extension":"png","original":"https://assets.ing.com/asset/0dd080de-0da3-442a-9bff-2fe2ef32f547/7-Jul-2025-Business-Times.png","transformBaseUrl":"https://assets.ing.com/transform/0dd080de-0da3-442a-9bff-2fe2ef32f547/7-Jul-2025-Business-Times","type":"image","width":1530},"subtitle":"You provide loans to private companies, targeting higher expected returns as compensation for lower liquidity.","title":"Private Credit","usps":[{"body":"Often secured by clear agreements and collateral.","iconType":"optional"},{"body":"Generate income through interest payments within a diversified private markets fund.","iconType":"optional"}]},{"image":{"extension":"jpg","original":"https://assets.ing.com/asset/f9f462fd-2b35-4285-9e3d-d5f4e3614b4c/Privalis-Trainee-Lawyer.jpg","transformBaseUrl":"https://assets.ing.com/transform/f9f462fd-2b35-4285-9e3d-d5f4e3614b4c/Privalis-Trainee-Lawyer","type":"image","width":1920},"subtitle":"You invest in a mix of multiple private market categories for broad diversification in one solution.","title":"Multi-Alternatives","usps":[{"body":"Combination of multiple categories, managed by a specialised asset manager.","iconType":"optional"},{"body":"Broad diversification within one fund.","iconType":"optional"}]}],"componentType":"comparisonCards","title":"Private Credit,Multi-Alternatives"},{"componentType":"testimonial","testimonialList":[{"authorInfo":{"authorName":"Michiel Elshof","image":{"altTextEN":"Michiel Elshof, head of Private Markets at ING","altTextNL":"Michiel Elshof, hoofd Private Markets bij ING Private Banking","extension":"png","original":"https://assets.ing.com/asset/21959674-436e-4dbf-866d-325ad36156df/Michiel.png","transformBaseUrl":"https://assets.ing.com/transform/21959674-436e-4dbf-866d-325ad36156df/Michiel","type":"image","width":1077},"jobTitle":"Head of Private Markets at ING Private Banking"},"testimonialText":{"body":"Many companies are not listed on the stock exchange. By investing only in public markets, you miss investment opportunities.","textLink":{"text":"Read more about this in the interview","url":"/en/private-banking/knowledge-and-insights/wealth-growth/investing-beyond-stock-exchange"}}}]},{"componentType":"sectionTitle","title":"Together with leading names in the investment world"},{"alignedImage":{"position":"bottom","extension":"svg","original":"https://assets.ing.com/asset/fe137ce5-c1e2-4aa0-bebc-b45906d29da7/Partners-PM-2026.svg","transformBaseUrl":"https://assets.ing.com/transform/fe137ce5-c1e2-4aa0-bebc-b45906d29da7/Partners-PM-2026"},"componentType":"paragraph","richBody":{"value":"Do you have invested assets of more than €1,000,000?
Investors who hold a discretionary managed portfolio with ING Private Banking and have sufficient additional assets can invest with us in various funds from some of the world’s largest alternative asset managers. The range includes funds from: Blackstone, Brookfield, EQT, Goldman Sachs, KKR, LGT Capital Partners, Partners Group, Carlyle AlpInvest, Macquarie and HarbourVest.
"}},{"componentType":"sectionTitle","title":"Insights and reporting in the app"},{"alignedImage":{"position":"right","extension":"svg","original":"https://assets.ing.com/asset/0414d062-5189-4774-b98b-8bd6a816c0a1/Web-3.svg","transformBaseUrl":"https://assets.ing.com/transform/0414d062-5189-4774-b98b-8bd6a816c0a1/Web-3"},"componentType":"paragraph","richBody":{"value":"In the ING app, you receive a complete investment overview, including both listed investments and your Private Markets investments:
Monthly returns
Periodic reports
Cost transparency
Private Markets are investments in companies or projects that are not traded on the stock exchange. Examples include Private Equity (equity stakes in non-listed companies), Private Credit (loans to private companies) and Infrastructure (physical and digital assets). These markets open the door to investments that are not accessible through public markets.
"},"title":"What are Private Markets?"},{"richBody":{"value":"Because these investments are not publicly traded, valuations are not updated daily. Funds report periodically - typically on a monthly basis - on performance, valuation and portfolio developments. These reports are available in the ING app, allowing you to maintain insight into the value even with illiquid investments.
"},"title":"How does valuation and reporting work?"},{"richBody":{"value":"You can generally enter on a monthly basis and exit quarterly, subject to conditions. This flexibility is greater than with traditional closed-end structures, but remains limited by the restricted liquidity of the underlying investments.
"},"title":"How much flexibility do I have when entering and exiting?"},{"richBody":{"value":"ING works with leading international managers. Funds are carefully selected and continuously monitored for quality, governance and performance.
"},"title":"Who manages the Private Markets funds?"},{"richBody":{"value":"Private Markets are less liquid, less transparent and have a longer investment horizon than listed investments. They do not respond to daily market movements and are valued less frequently, but they can offer additional diversification and unique opportunities.
"},"title":"What is the difference between Private Markets and traditional listed investments?"},{"richBody":{"value":"These investments are particularly suitable for clients with investment experience, a higher risk profile and a level of comfort with long investment horizons and limited liquidity. A broadly diversified equity portfolio is advisable before adding this category. Your Relationship Manager will assess with you whether this is appropriate.
"},"title":"Are Private Markets suitable for me?"},{"richBody":{"value":"Private Markets serve as a complementary pillar alongside your listed investments. They provide access to sectors and companies that are not available through the stock exchange, which can contribute to better diversification, reduced dependence on market movements and long-term value creation. Because Private Markets are often less sensitive to daily market fluctuations, they can help reduce the overall volatility of your portfolio while offering access to unique growth opportunities.
"},"title":"What role do Private Markets play in my portfolio?"},{"richBody":{"value":"Evergreen funds, which allow investors to enter and exit on an ongoing basis, remain continuously open. As a result, you are invested directly in a diversified portfolio and released capital is automatically reinvested. Entry is usually possible monthly, exit quarterly under certain conditions.
"},"title":"How does ‘open-ended and directly invested’ work?"},{"richBody":{"value":"Within ING Private Banking, you can invest in Private Markets from €125,000.
Our ELTIF funds are available for investments from €25,000.
"},"title":"What is the minimum investment?"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"The risks of investing in Private Markets"},{"componentType":"paragraph","richBody":{"value":"Limited liquidity
Private Markets funds are not freely tradable. At ING, you can invest through semi-liquid evergreen funds. This typically means you can invest monthly and redeem quarterly (subject to conditions). Each period, a redemption limit applies, for example 5% of the total fund assets each quarter. If there are many redemption requests, your request may only be partially executed. Or it may be deferred to a subsequent period. In times of market stress, this may continue for multiple periods.
Long investment horizon
Partly due to their limited liquidity, Private Markets funds are not suitable for the short term. Fund managers need time to create value. A long investment horizon is therefore essential.
Complexity and reduced transparency
Private Markets funds often use complex structures and instruments. Less information is available than in public markets and there is less regulatory protection. This makes it more difficult to assess risks properly. Additional risks to consider include the use of leverage, performance incentives for higher-risk investments, valuation fluctuations, concentration risk, higher costs, credit risks and operational risks.
Quality of the fund manager
Returns depend on the manager and the performance of the underlying investments in the fund. In Private Markets, the differences between managers are often larger than in traditional investment funds and ETFs. The quality of the fund manager is therefore crucial. Past performance does not guarantee future results.
Investing in Private Markets involves risks and costs. You may lose (part of) your invested capital. Private Markets investments are not freely tradable: redemptions are limited to predefined moments (for example quarterly) and to a maximum percentage of the fund’s assets. In exceptional circumstances, redemptions may be temporarily or indefinitely suspended.
Private Markets investments are speculative and complex. They involve a high level of risk, including limited transferability, high levels of leverage, reduced investor protection and limited availability of information. The value of your investment may fluctuate. Past performance does not guarantee future results. Please consult your advisor for the fund-specific prospectus and key information document.
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