Retail investors should stay away from private funds
Individuals should be wary of the Trump administration’s plans to broaden the access to the asset class
Individuals should be wary of the Trump administration’s plans to broaden the access to the asset class

For some observers, the rapid rise of this asset class invites unsettling historical comparisons

Fundraising by evergreen vehicles has slowed amid worries about exposure to software and AI

Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry

As investors seek to retrieve their money, the $22tn industry rejects comparisons with 2008. Regulators aren’t so sure

Institutional clients increasingly want so-called parallel funds that exclude certain assets

It is no longer left to the invisible hand of capitalism to figure out who are the winners