Perspectives on Private Equity and Venture Capital
为投资者提供将私募股权和风险投资纳入多元化组合的指南，讨论其流动性不足及流动性溢价，分析近期投资趋势对回报的影响，并探讨投资者把握市场时机的意愿与能力。
In this article the author provides a guide on how to successfully invest in private equity and venture capital as part of a diversified portfolio. The author first discusses the illiquid nature of these asset classes and the potential to earn a liquidity premium greater than the public stock and bond markets. The author also describes the recent investment trends in private equity and venture capital and how these might impact the return profiles of these two asset classes. Last, the author discusses the desire and ability of investors to market time their commitments to private capital.