Private equity
InvestingDefinition
Investing in non-publicly-traded companies, typically through buyouts, growth capital, or venture-style minority stakes. Locked-up capital (10+ year fund lives), high fees, illiquidity premium.
Strategies: large-cap LBO (KKR, Blackstone, Carlyle), middle-market buyout, growth equity, secondaries, special situations. Net IRRs 12-20% historically; the trick is whether fund-of-fund and ILS access can deliver that to retail.
Strategies: large-cap LBO (KKR, Blackstone, Carlyle), middle-market buyout, growth equity, secondaries, special situations. Net IRRs 12-20% historically; the trick is whether fund-of-fund and ILS access can deliver that to retail.