WSJ – As hedge funds lose some of their cachet amid poor performance and an overabundance of offerings, some financial advisers are increasingly turning to private equity as a way to diversify clients’ portfolios.
Much like hedge funds a decade ago, access to sought-after private-equity funds, or direct participation in deals, is seen by some high-net worth investors as a sign that they have arrived. For their advisers, private equity is a key tool in building up portfolios’ alternative investment allocations in a way that clients can easily understand.
