We present a model of optimal allocation to liquid and illiquid assets, where illiquidity risk
results from the restriction that an asset cannot be traded for intervals of uncertain duration …

Purpose This paper aims to review, systematize and integrate existing research on
alternative investments. This study conducts performance analysis comprising production …

Private wealth management is the investment management specialization focused on high-
net-worth individuals and families. Portfolio design and investment solutions in private …

The aim of this paper is to analyse the development strategies of an innovative Special
Purpose Vehicle (SPV) for sustainable and responsible investments (SRI). This contribution …

We survey the academic literature that examines the risks and returns of private equity
investments, optimal private equity allocation, and compensation contracts for private equity …

The US endowment model is an approach to investing popularized by Yale University that
emphasizes diversification and active management of equity-oriented, illiquid assets. The …

In this article, the authors investigate the performance sensitivity of private equity real estate
(PERE) funds to capital deployment speeds, investment horizons, management fees, and …

Venture capital (VC) models can be optimized with emerging decentralized technology.
There are many disadvantages that come with traditional VC fundraising including illiquidity …

Can the art and science of investment management be reduced to a set of patterns that
markets generally follow, in apparent violation of the efficient market hypothesis? Can …

Private assets, such as private equity, venture capital, and real estate, have long been a
thorn in the side of asset allocators and chief investment officers. Their lack of liquidity …