When it comes to allocating to traditional asset classes mean-variance optimization approach is usually satisfactory. However, naively extending this approach does not work when constructing strategic portfolios using alternative asset classes

While the first three parts of this series provided an overview of the nature, benefits, risks and strategies of private equity investing, this fourth and last installment turns to implementation topics. In particular, we cover various aspects of private equity portfolio construction, as well as...

The fundamental reason for investing in private equity is to improve the risk and reward characteristics of an investment portfolio. Studies have shown that private equity returns do not correlate closely with returns from other asset classes, such as bonds and in certain cases public equities....

This paper examines the economic intuition that underpins key legal terms commonly found in private equity fund partnership agreements. As a primer, it attempts to encapsulate, in non-legal language, the rationale behind economic points of negotiation, investigate the scope for trade-offs and...

Infrastructure investment encompasses multiple sectors, geographies, stages, and investment instruments/ products each with their own risk/return attributes. This broad range makes it a versatile asset permitting its consideration in diverse tailored portfolios.Infrastructure has traditionally...