Stephanie Hackett, a portfolio manager, discusses the value of illiquid alternatives, including private equity, and the importance of rigorous manager selection. She explains how the due diligence process evaluates investment strategy, team strength, historical performance, and fund structure.
Key Highlights
- Private equity option as top-quartile funds performing better over 10-20 year periods.
- Manager selection is critical due to the long-term, illiquid nature of investments.
- Fund strategy, market opportunity, management team, and operational structure.
- Allocation recommendations consider illiquid alternatives, including private equity, real estate, and credit.