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Private markets are no longer the exclusive domain of large institutions. Across Europe, regulatory reform, digital innovation, and investor demand are converging to democratize access to alternative investments. As frameworks like ELTIF 2.0 (European Long-Term Investment Funds), UCI part II (Undertaking for Collective Investment), and LTAF (Long-Term Asset Funds) unlock new investor segments, and digital infrastructure reshapes fund servicing, asset managers are rethinking how they structure, scale, and distribute private market strategies.