Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate - Hardcover

by Tony Davidow (Author)

Comprehensive guide to the private market, covering allocating capital, portfolio construction, product evolution, and more

Written in accessible language, Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate addresses the challenges and opportunities with investing in the private markets, including understanding the merits of the asset classes--private equity, private credit, and private real estate--product evolution, and the structural tradeoffs, and how to incorporate these versatile and valuable tools in client portfolios.

This book leverages Tony Davidow's 40 years of experience working directly with advisors and high-net-worth families/ ultra-high-net-worth families. Davidow is an award-winning author and has also been recognized for building Franklin Templeton's alternative education program (2023 recipient of the "Wealthie"). Topics discussed in this book include:

• How private markets can be used to increase the likelihood of achieving client goals?
• Examining the historical risk and return characteristics of the private markets relative to their public market equivalents.
• Exploring the benefits of private markets including the potential for higher returns, an alternative source of income, diversification, and hedging against the impact of inflation.

Now that private markets are available to a broader group of investors outside of institutions and family offices, Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate is an essential resource for all financial advisors and individual investors who are considering allocating capital to these once elusive investments.

Front Jacket

The average investor allocates only 5% of their portfolio to alternative investments. And while many of these investors aim to increase that allocation to 20%, they--and the advisors who serve them--frequently lack familiarity with alternative markets.

In Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate, senior alternative investment strategist and author Tony Davidow delivers an authoritative rundown of the merits and challenges of investing in three popular alternative asset classes: private equity, private credit, and private real estate. He identifies, explains, and evaluates the options available to high-net-worth individuals and other retail investors, walking you through the latest fund structures that provide broad access to private markets at lower minimums and with greater flexibility.

With a Foreword written by the President of the Chartered Alternative Investment Analyst Association, John Bowman, and an endorsement from Jenny Johnson, President and CEO of Franklin Templeton, Private Markets is the ideal entry point for investors seeking an introduction to the higher risk-adjusted returns historically delivered by private investments.

Perfect for sophisticated retail investors and the advisors who serve them, Private Markets is also an essential resource for investing institutions, family offices, portfolio managers, high-net-worth individuals, and hedge funds.

Back Jacket

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^(R)

"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^(R), Partner and Chief Investment Officer, Certuity

Author Biography

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.