Many alternative investments, whether in the area of real estate, private equity, hedge funds, infrastructure or more complex structured products, require investors to tie up their capital for periods ranging from four months to 10 years or more. In most cases, there is no secondary market for these securities, so investors lack two elements key to the broader public capital markets: transparent pricing and liquidity. Pricing and liquidity are tied...
Many alternative investments, whether in the area of real estate, private equity, hedge funds, infrastructure or more complex structured products, require investors to tie up their capital for periods ranging from four months to 10 years or more. In most cases, there is no secondary market for these securities, so investors lack two elements key to the broader public capital markets: transparent pricing and liquidity. Pricing and liquidity are tied...