Autorentext

TONY DAVIDOW is a Senior Alternative Investment Strategist for the Franklin Templeton Institute, the research arm of Franklin Templeton. He's the host of the Alternative Allocations podcast series and he has over 35 years' experience in the financial services industry. Davidow is the author of Goals-Based Investing: A Visionary Framework for Wealth Management.

Klappentext

Praise for PRIVATE MARKETS "Tony Davidow has provided an excellent roadmap for advisors and investors with Private Markets, describing the merits of the asset classes, the structural tradeoffs, and how to incorporate them in client portfolios."
**-Jenny Johnson**, President and CEO, Franklin Templeton "Tony Davidow's Private Markets offers a deep exploration of the intricate world of private investments, rooted in decades of firsthand experience. Davidow masterfully demystifies the opportunities and risks of private markets, guiding financial advisory professionals through the complex landscape with clarity and expertise."
**-Sean R. Walters**, Chief Executive Officer, Investments & Wealth Institute® "With this new book, Tony describes the tectonic shift that is underway, with the convergence of institutional capabilities, being brought to the wealth channel. As advisors evolve their practices and investment acumen, Tony has provided them with an accelerator on how to build better portfolios with private markets."
**-Craig Pfeiffer**, President and CEO, Money Management Institute "I can attest to the importance of this book for advisors and wealthy families. It covers all of the essential topics and does so in an accessible style that will be useful to newcomers and veterans alike. Tony-as always-has delivered an excellent reference book, and I highly recommend it."
**-Scott Welch, CIMA®,** Partner and Chief Investment Officer, Certuity

Inhalt

Foreword xiii

Acknowledgments xix

Introduction 1

Chapter 1 Defining the Private Markets - Why Now? 11

Chapter 2 Democratizing Private Markets 31

Chapter 3 Exploring the Merits of Private Equity 57

Chapter 4 Private Credit: The Emergence of a New Lender 77

Chapter 5 Private Real Estate - Not All Sectors Are Created Equal 95

Chapter 6 Secondaries: A Vital Part of the Private Market's Ecosystem 113

Chapter 7 Real Assets - Infrastructure and Natural Resources 129

Chapter 8 Asset Allocation and Portfolio Construction 145

Chapter 9 Total Portfolio Approach 167

Chapter 10 The Future of Wealth Management 179

Chapter 11 Macro-Outlook for Private Markets 197

Chapter 12 Private Markets Come to Main Street 217

Appendix 235

Glossary of Key Terms 237

Third Party Content Providers and Disclosures 243

About the Author 249

Index 251