[Skip to main content](/content/podcasts/chris-schelling#main/index.html) Your web browser is out of date. Update your browser for more security, speed and the best experience on this site. [Update your browser](http://outdatedbrowser.com/) Click for sound Posted Jan 13, 2026 # Why Private Wealth is Still Under-Allocated in Private Markets (and What Changes That) [Contact us](/content/learn-more/index.html) - [Find us on LinkedIn](https://www.linkedin.com/company/juniper-square) - [Find us on Facebook](https://www.facebook.com/junipersquare/) - [Find us on Twitter](https://twitter.com/juniper_square) - [Find us on Youtube](https://www.youtube.com/@JuniperSquare) In this episode of _The Distribution_, Brandon Sedloff sits down with Chris Schelling for a deep dive into the evolving intersection of private markets, alternatives, and private wealth. Chris shares his unconventional path into investing, from studying psychology to becoming a longtime allocator and advisor across institutional and wealth channels. The conversation explores how private markets have matured, why education remains a critical gap in the wealth space, and what it really takes to allocate capital effectively in opaque and complex markets. Drawing on decades of experience meeting thousands of managers, Chris offers a clear-eyed perspective on risk, return dispersion, and the structural shifts reshaping private capital. They discuss: - How psychology, behavior, and incentives shape decision-making in private markets - The growing role of private wealth in alternatives and why institutional playbooks still matter - Risks like adverse selection, return dispersion, and misaligned incentives in private investments - Interval funds and why they can be effective tools for accessing private markets at scale - Chris’s outlook on private equity, private credit, hedge funds, venture, and real assets over the next two years Megaphone Embeddable Player The Distribution by Juniper Square Why Private Wealth is Still Under-Allocated in Private Markets (and What Changes That) - Chris Schelling - Managing Director - Aksia 00:00:00 Forward 15 seconds Back 15 seconds 00:00:00 [Save to Spotify](https://open.spotify.com/show/5ysEwoATUSEiol96NZgR8L?intent=1 "Save to Spotify") Subscribe Description ## Share The Distribution by Juniper Square Share this episode with your friends [Share via Facebook](http://www.facebook.com/sharer.php?quote=%27Why+Private+Wealth+is+Still++Under-Allocated+in+Private++Markets+%28and+What+Changes+That%29+-+Chris+Schelling+-+Managing+Director+-+Aksia%27+by+The+Distribution+by+Juniper+Square&u=https%3A%2F%2Fmegaphone.link%2FDTSOS2609045083 "Share via Facebook")[Share via Twitter](https://twitter.com/intent/tweet?text=%27Why+Private+Wealth+is+Still++Under-Allocated+in+Private++Markets+%28and+What+Changes+That%29+-+Chris+Schelling+-+Managing+Director+-+Aksia%27+by+The+Distribution+by+Juniper+Square&url=https%3A%2F%2Fmegaphone.link%2FDTSOS2609045083 "Share via Twitter") [Download episode](https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/DTSOS2609045083.mp3?source=player&updated=1773698093) ## Subscribe to The Distribution by Juniper Square Keep up to date by subscribing to this podcast [](https://feeds.megaphone.fm/the-distribution "Subscribe via RSS") [Subscribe via Apple Podcasts](https://itunes.apple.com/podcast/id1677652734 "Subscribe via Apple Podcasts") [Subscribe via Spotify](https://open.spotify.com/show/5ysEwoATUSEiol96NZgR8L "Subscribe via Spotify") [Subscribe via iHeart](https://www.iheart.com/podcast/268261652 "Subscribe via iHeart") ## Description In this episode of The Distribution, Brandon Sedloff sits down with Chris Schelling for a deep dive into the evolving intersection of private markets, alternatives, and private wealth. Chris shares his unconventional path into investing, from studying psychology to becoming a longtime allocator and advisor across institutional and wealth channels. The conversation explores how private markets have matured, why education remains a critical gap in the wealth space, and what it really takes to allocate capital effectively in opaque and complex markets. Drawing on decades of experience meeting thousands of managers, Chris offers a clear-eyed perspective on risk, return dispersion, and the structural shifts reshaping private capital. They discuss: Links: Aksia - [https://www.aksia.com/](https://www.aksia.com/) Chris on LinkedIn - [https://www.linkedin.com/in/christopher-schelling/](https://www.linkedin.com/in/christopher-schelling/) Brandon on LinkedIn - [https://www.linkedin.com/in/bsedloff/](https://www.linkedin.com/in/bsedloff/) Juniper Square - [https://www.junipersquare.com/](/content/site-root.html) Topics: (00:00:00) - Intro (00:03:12) - Chris’ background and career (00:05:33) - The intersection of psychology and finance (00:07:30) - Understanding capital markets and alternatives (00:16:49) - The role of private markets in portfolios (00:31:15) - Understanding interval funds (00:32:36) - Managing risks and liquidity (00:34:01) - Challenges and strategies in fund management (00:35:25) - The importance of education in wealth management (00:37:33) - Adapting to market trends and client needs (00:39:55) - The role of large asset managers (00:43:43) - Private markets and wealth management (00:49:11) - Evaluating general partners (GPs) (00:52:35) - Current trends in alternative investments (01:00:23) - Conclusion and contact information Posted Jan 13, 2026 # Why Private Wealth is Still Under-Allocated in Private Markets (and What Changes That) [Contact us](/content/learn-more/index.html) They discuss: Megaphone Embeddable Player The Distribution by Juniper Square Why Private Wealth is Still Under-Allocated in Private Markets (and What Changes That) - Chris Schelling - Managing Director - Aksia 00:00:00 Forward 15 seconds Back 15 seconds 00:00:00 [Save to Spotify](https://open.spotify.com/show/5ysEwoATUSEiol96NZgR8L?intent=1 "Save to Spotify") Subscribe Description ## Share The Distribution by Juniper Square Share this episode with your friends [Download episode](https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/DTSOS2609045083.mp3?source=player&updated=1773698093) ## Subscribe to The Distribution by Juniper Square Keep up to date by subscribing to this podcast ## Description They discuss: Links: Aksia - [https://www.aksia.com/](https://www.aksia.com/) Chris on LinkedIn - [https://www.linkedin.com/in/christopher-schelling/](https://www.linkedin.com/in/christopher-schelling/) Brandon on LinkedIn - [https://www.linkedin.com/in/bsedloff/](https://www.linkedin.com/in/bsedloff/) Juniper Square - [https://www.junipersquare.com/](/content/site-root.html) Topics: