The topic of liquidity carries significant, and appropriate, weight in any investment decision. An investor’s ability and willingness to invest in certain asset classes is dependent on reasonable estimate of when capital may be returned. For allocators, the illiquidity premium from certain asset classes can offer an attractive source of return, and diversification, for a broader portfolio. This is an ever-present consideration for all market participants and arguably no more misunderstood than in the private markets. Often characterized as illiquid, the true nature of liquidity within the private markets are far more nuanced.
Brian Fitzgerald and Bob Long, from StepStone Private Wealth, are excited to share with you the key market insights of StepStone Group, one of the industry’s leading managers, allocators and advisors to the private markets. They’ll cover secondary market basics, highlight recent developments, and share important considerations when analyzing evergreen private markets funds.