rarely have a read a better, scarier, brief. it is crypto-like in a guaranteed broader collapse.
"...top quartile [private] funds typically don’t return capital for over 15years...
[and retail will pick the winners and hold 100X longer than their typical trade, right?]
Why do you think the White House put out an executive order a few months ago to “democratize access” to alternative assets in 401(k) plans? Did Donald Trump wake up one day suddenly offended that grandma and grandpa couldn’t buy private equity like all of his rich buddies?
Please. I’ve never seen a more blatant use of “democratization” as a disguise for selling someone else’s bags. Private equity needs exit liquidity and everyday Americans have it..."https://ofdollarsanddata.com/the-one-thing-my-worst-investments-had-in-common/disclaimer : i have held brookfield stock for ~2 decades based on hard asset value and owner operations.
i have always sold the sub spins, some at loss, and never invested in their funds.
the largest alt managers have themselves been good holdings, commonly by steady fee income, but i encourage a deep look in their differences.
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So, how does private equity get out of this jam? They have two options:
Gradually re-price their investments to fair market value.
Sell to unsuspecting investors at current prices.