Private equity’s next capital channel in Asia is being built beyond the traditional institutional fundraise. Global managers are creating wealth platforms, evergreen vehicles, semi-liquid funds, secondaries products and insurer-linked partnerships to reach private banks, family offices, HNW investors and long-duration balance sheets. For GPs, this opens a larger and more diversified fundraising base. For private banks and wealth platforms, it raises questions around manager selection, client suitability, liquidity, fees, reporting and education. For insurers, the attraction is long-term exposure to private markets, but only where structures, governance and asset-liability needs are properly aligned. This panel will examine how private equity is being redesigned for Asia’s wealth and insurance channels, what models are gaining traction, and whether this can become a durable new source of capital for private markets.