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Private Markets: A Field Guide
Private markets encompass investments in companies, loans, real assets, and funds that are not traded on public exchanges — including buyouts, venture capital, private credit, real assets, secondaries, co-investments, and direct…
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Private Equity (Buyouts)
Private equity buyouts are a strategy in which investment funds acquire controlling ownership stakes in companies, use…
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Private Credit
Private credit is a broad category of non-bank lending — including direct loans, mezzanine debt, and specialty finance…
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11 항목
Venture Capital
Venture capital is a form of private equity that finances early-stage companies in exchange for ownership stakes, accepting a high probability of…
Growth Equity
Growth equity is a form of private market investing that provides capital to established, revenue-generating companies that are scaling rapidly but not…
Secondaries
The secondary market for private funds allows investors to buy and sell existing stakes in private equity, venture capital, and other private funds before…
Continuation Funds
A continuation fund is a GP-led secondary transaction in which a private equity manager transfers one or more portfolio companies from an expiring fund…
Co-Investments
A co-investment is a direct stake in a single private-market deal, made alongside a private equity or other alternative fund manager, typically at reduced…
Direct Investments
Direct investments are purchases of companies, real assets, or other private holdings made by a family directly — without the intermediary of a fund…
Infrastructure
Infrastructure investing refers to placing capital into physical systems that underpin modern economies — toll roads, airports, pipelines, utilities, and…
Real Assets
Real assets are physical or physical-linked investments — real estate, infrastructure, farmland, timberland, energy, and natural resources — that derive…
Private Real Estate Funds
Private real estate funds pool capital from multiple investors to acquire, manage, and sell properties through a structured fund vehicle, typically…
Venture Debt
Venture debt is a form of loans made to venture-backed, typically pre-profitability companies, used alongside equity financing to extend a company's cash…
Private Company Shares and Secondary Sales
Private company shares held by founders, employees, and direct buyers are illiquid by design, subject to contractual transfer restrictions, and valued…
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Capital Calls and Distributions
Capital calls and distributions are the two cash flows that define the investor experience in a drawdown fund: capital calls are requests from a fund…
IRR, MOIC, DPI, and TVPI
Private fund performance is measured using four core metrics: Internal Rate of Return (IRR), Multiple on Invested Capital (MOIC), Distributions to Paid-In…
J-Curves and Vintage Years
The J-curve describes the characteristic shape of a private fund's cumulative cash flows over its life: early years typically show negative returns as…
Private Fund Fees and Terms
Private fund fees and terms are the contractual rules — set out in a legal document called the Limited Partnership Agreement — that govern how a fund…
Evaluating a Private Fund
Evaluating a private fund means applying a structured due diligence process to assess whether a manager's track record, team, strategy, terms, and…
관련 뉴스
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WealthManagement.com · Aug/25 16:56 UTC
Private Markets15 Investment Must Reads for This Week (Aug. 25, 2026) ↗
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Private MarketsPrivate Equity Firm Vistria Group Buys $14B RIA Curi Capital ↗
AdvisorHub · Aug/25 15:34 UTC
Private MarketsEarly Investors May Gain Most in Evergreen Funds ↗
WealthManagement.com · Aug/21 19:27 UTC