This article examines the risk-adjusted, net-of-fee performance of noncore funds and
generally finds that investors would have been better served by merely placing additional …

Investors have been increasing their allocations to private assets, seeking higher returns
and better portfolio diversification. However, as this allocation increases, the liquidity …

Keeping strategic allocations at target level to maintain high exposure to private equity is a
complex but essential task for investors who need to balance against the risk of default …

Institutional investors must deal with irrevocable commitments, cash flow uncertainty, and
illiquidity when making new commitments to maintain their portfolio exposure to private …

Achieving and maintaining high allocations to Private Equity and keeping allocations at the
targeted level through recommitment strategies is a complex task which needs to be …

Praise for Active Alpha" Active alpha is the quest for every sophisticated investor. This book
covers all of the key alpha sources currently mined by active managers, reduces the …

Private equity is a critical asset that has become widely accepted as a key component of
investment portfolios. Its major virtue is that it delivers attractive risk-adjusted returns with …

For institutional investors in private equity, a recommitment strategy to achieve a desired
asset allocation is at least as important as the decision about the asset allocation itself …

Unlike with traditional asset classes, reaching and maintaining an asset allocation target for
private equity is not straightforward. Commitments must be made to new funds as mature …

Private equity investments have become an increasingly significant portion of many
institutional portfolios because of their attractive return characteristics. However, despite …