Sep 2026
Private Equity Allocation Decisions: Integrating Liquidity, Active Risk, and Investor Circumstances
Private equity can offer return-enhancement potential through liquidity risk premia and manager alpha, but these benefits come with meaningful liquidity and active risk that are not fully incorporated into certain portfolio construction frameworks. In addition, adjusting appraisal-based valuations reduces the apparent...
Douglas M. Grim, Ankul Daga, Joana Rocha et al.
· The Journal of Private Marke... · 0 citations