Other. Industry

    Who runs private markets in the UK.

    A map of the firms that build, run, distribute and service private-market funds: fund managers, administrators, depositaries, platforms and the advisers around them. With the research behind it.

    Written for the firms that build, run, distribute and service private-market funds. Investing as an individual? Start at Learn →

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    13
    provider categories mapped
    6
    layers of the market
    The map

    How money moves through a private-market fund, and who touches it

    The firms behind private-market investing go well beyond the fund manager. Six layers, from raising the fund to the advisers who structure it.

    1. 01

      Fund management

      Who raises and runs the fund

      • Fund managers and AIFMs

        Firms raising and running alternative funds, from full-scope managers to small registered ones.

      • Delegated investment managers

        Managers running portfolios on behalf of an appointed AIFM or fund board.

    2. 02

      Fund infrastructure

      Who holds, counts and values the assets

      • Depositaries and custodians

        Safekeeping of fund assets, oversight duties and cash-flow monitoring.

      • Prime brokers

        Financing, execution and securities lending for leveraged strategies.

      • Fund administrators

        NAV production, fund accounting, capital calls and investor reporting.

      • Valuation and pricing firms

        Independent valuations of unlisted holdings and private credit positions.

      • Transfer agents and investor onboarding

        Register maintenance, subscriptions, redemptions and AML/KYC checks.

        • Goji · Goji Financial Services Limited · Directly authorised (FRN 805323)

          UK-based business-to-business technology provider for private markets funds, part of Euroclear since July 2023.

    3. 03

      Distribution

      How the fund reaches investors

      • Distribution platforms and wealth intermediaries

        The platforms, advisers and wealth managers through which funds reach investors.

        • Share In · ShareIn Limited · Directly authorised (FRN 603332)

          Share In Ltd (FRN 603332) is a directly FCA-authorised, Edinburgh-based B2B white-label investment platform provider founded in 2013.

      • Deal-flow and co-investment networks

        Networks that match companies raising money with angel groups, syndicates, funds and family offices, or let institutions share deals and co-invest.

        • ThatRound · ThatRound Ltd · Not FCA-regulated (no FCA Register entry)

          London marketplace, run by ThatRound Ltd, that matches UK startups raising equity with angel networks, syndicates, VC funds and family offices.

        • The Table · The Table Management Company Limited · Not FCA-regulated (no FCA Register entry)

          Investor community, run by The Table Management Company Limited since 2025, where institutional members share and co-invest in deals; individual investors can't join.

    4. 04

      Liquidity

      How investors get out before the end

      • Secondaries and liquidity venues

        Marketplaces and processes providing exits and interim liquidity for closed-ended holdings.

    5. 05

      Technology and data

      What the market runs on

      • Tokenisation and digital-asset infrastructure

        Fund tokenisation, digital transfer agency and on-chain record-keeping for private assets.

      • Data, reporting and regulatory technology

        Regulatory reporting, portfolio monitoring and data infrastructure for private markets.

    6. 06

      Professional services

      Who designs and authorises the vehicle

      • Legal, tax and fund structuring advisers

        Advisers designing vehicles, domiciles and wrappers, and taking them through authorisation.

    The map is in build. Categories will expand as the research does. To request inclusion or a correction, contact us.

    Research

    What we have published so far

    Industry research uses the same directory and FCA data as the rest of Other., and is updated in place rather than re-issued.

    All insights
    Featured · Research · 12 min · 4 Sept 2026

    Inside the UK Alternative Fund Market

    What the FCA's First Market-Wide Dataset Shows About Managers, Capital and Concentration

    The FCA's September 2026 research note is the first market-wide picture of UK alternative fund management built from AIFMD regulatory returns. It sizes the market at £5.1tn, maps 2,174 AIFMs, and shows how concentrated capital and risk actually are.

    Read the research
    Who this is for

    Four ways firms use it

    • Fund managers

      Who else is raising in my space, and through whom?

      Competing managers, the distributors carrying their funds, and the service providers they use.

    • Platforms and distributors

      Which funds and structures could I carry?

      Managers open to new distribution, and the other platforms already carrying them.

    • Service providers

      Which managers and platforms might need us?

      Firms by category, size and current providers. A starting point for a target list.

    • Wealth managers

      What is behind the products I am offered?

      The manager, administrator, depositary and structure behind a fund, before it goes on the panel.

    How this section works

    Inclusion is on published criteria, not payment

    Other. Industry is editorially independent. Firms are included in our research and ecosystem map because they meet the category criteria, which we publish. There is no sponsored placement and no paid tier that changes what is shown. To request inclusion or a correction, contact us.

    Monthly

    The industry view, monthly.

    Research and map updates for the firms building, distributing and supporting private-market investments.

    Firms that want to be considered for the ecosystem map can get in touch.