Navigating Liquidity in a Private Equity-Dominated Portfolio
Private equity has become a cornerstone of many high-net-worth and institutional portfolios, and for good reason. The asset class offers attractive long-term return potential, diversification from public markets, and access to unique value creation strategies. However, with these benefits comes a challenge that is often underestimated: liquidity. As allocations to private equity grow, investors can find themselves facing unexpected constraints when it comes to meeting capital calls, funding distributions, or seizing opportunities in more liquid markets. This post explores how to manage and plan for liquidity in private equity-heavy portfolios, offering strategies to reduce risk and improve resilience [...]
How Rising Interest Rates Are Reshaping Strategic Asset Allocation
The investment landscape has undergone a profound transformation. After more than a decade of ultra-low interest rates, we are now in a sustained period of higher rates. This shift is not just a temporary dislocation; it marks a structural change with long-lasting implications. For long-term investors, particularly those managing complex portfolios or multi-generational wealth, rising interest rates necessitate a rethinking of foundational principles in strategic asset allocation. The "free capital" era is over, and with that, traditional models for risk, return, and capital deployment require thoughtful recalibration. At our firm, we believe this inflection point presents not just [...]
Private equity has become a cornerstone of many high-net-worth and institutional portfolios, and for good reason. The asset [...]
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The investment landscape has undergone a profound transformation. After more than a decade of ultra-low interest rates, we [...]
