Alternative Investment Posts
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When institutional investors allocate to private equity assets—and the data suggest that many are seeking to do more and more of this in the years ahead—they face a range of complexities that are absent in public markets. High on the list is the liquidity of the asset class, or more precisely, its lack thereof. Liquidity is among those financial concepts—like “risk”—that have multiple correct definitions. So when you have a conversation about i
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