In this episode of Future State, hosts Anna Bernasek and Tadhg Young speak with Yvonne Garcia, Head of Asset Manager Clients, North America at State Street, about the next phase of growth in private markets. Drawing on insights from State Street's fifth annual private markets survey, they explore the rise of individual investor access, the operational challenges of scaling private markets, and the critical role of liquidity, data quality, and infrastructure in supporting long-term industry growth.