March 06, 2024
Private investments seem to be everywhere these days. Alternatives specialists, traditional asset managers, and tech platforms are all competing with direct deals or vehicles and strategies with the stated objective of “democratizing” access to what was not long ago a corner of capital markets exclusive to large institutions and family offices. The rationale for private investments within a traditional portfolio construction framework is sound: private investments can—when selected by an expert team with sourcing and underwriting skill—complement and diversify a simple mix of stocks and bonds, potentially enhancing returns and reducing risk. However, as prevalent as opportunities to invest in private markets may be, guidance is limited on precisely how to incorporate those assets into broader portfolios.
In our recent whitepaper, we answer the following:
Read more to learn about optimizing the pacing of annual commitments to reach target private markets allocations, a practice integral to the success of sophisticated investment portfolios.
An effective Investment Policy Statement should support good governance and the unique needs of your institution. Our whitepaper explores common pitfalls in investment policy development and offers guidance on how to get it right.
Sourcing and manager selection typically get top billing in conversations around private investments, but one underappreciated aspect of a successful private allocation—explored in our recent whitepaper—is the art of pacing commitments to ensure appropriate portfolio allocation.
In our 2024 Outlook, we outline four current issues that are impacting portfolios and offer our views on how these questions might influence our allocation strategy and the broader economic landscape.
Let’s start a conversation about how we can help.
