Welcome back. While a traditional 60/40 portfolio of stocks and bonds has been one one of the most widespread investing strategies for decades, millennials are opting for a different approach. Leslie Picker here is here to tell us what that approach is.Leslie. Yeah, David. Apparently, stocks and bonds are for boomers.Millennials are way more invested in alternatives than the older cohorts. The generation with birthdays between 1981 and 1996 has about 20% of their portfolios allocated to alts areas like priv ...

Golub is committing at least $1 billion of its own money to a new strategy that will back other private equity firms’ continuation vehicles, allowing them to hold onto their assets longer https://t.co/pik7SCssIZ ...

A private equity investor who played football at Stanford University in the 1960s is donating $50 million to the program at a time when college athletics is undergoing sweeping change https://t.co/uCW7HN9kp4 ...

In today's Bloomberg Deals: We break down why Japan is brimming with private equity targets. Also, SoftBank is buying an ABB division and Ari Emanuel raises money for his new company. https://t.co/1E7XVRGeYl ...

Speaking of, let's stay on the small cap story because there are thousands of great smaller, often family-owned or run companies across America that could use an investment to scale up. Your next guest company wants to help them do that, but also not saddle them with loads of just crushing debt. Ryan Petticord is the CEO of Tidrock.They invest in smaller businesses, but do not leverage them up with tons of debt. Ryan, good to have you on. Thank you.So, your job is to hunt companies. You find companies that ...

Alternative Investment Market Trends - Alternative investments are experiencing a retail revolution, shifting from traditional institutional investors like pension funds and endowments to high-net-worth individuals [1][2][3] - State Street estimates that high-net-worth individuals will drive over half of private market fundraising in the coming years [3] - The industry is investing in marketing and communications to enhance accessibility and educate retail investors about the value of alternatives in a portfolio [8][9] Performance and Risk - A Harvard paper suggests a potential performance disadvantage for funds sold to retail investors [4] - Gathering statistically significant performance data for alternative investments is challenging due to the private nature of performance figures and the illiquidity of some instruments like business development companies [7][8] - Higher fees in alternative markets compared to liquid markets raise questions about whether the returns justify the cost for retail investors [10] Regulatory Landscape - The Trump administration's executive order aimed to facilitate greater access to alternatives, including potential inclusion in 401(k) plans [5] - Expanding access to alternatives faces arguments regarding the suitability of these investments for "regular Joe's" due to performance concerns [6]

Core Insights - Heidrick & Struggles International, Inc. (HSII) shares increased by 19.6% following the announcement of a definitive agreement for acquisition by a private investment consortium valued at approximately $1.3 billion, with an all-cash offer of $59 per share, representing a significant premium over the previous closing price [1][8] - The acquisition is seen as a major milestone in HSII's transformation from a traditional executive search firm to a broader leadership advisory firm, emphasizing its strong presence in organizational consulting and talent solutions [1][8] Company Performance - HSII has diversified its offerings to include digital transformation and talent analytics, enhancing its competitive position against larger rivals like Korn Ferry and ManpowerGroup [2] - Over the past year, HSII's stock has risen by 58.5%, outperforming its peer group's growth of 18.7% [2] Financial Outlook - The expected earnings growth rate for HSII in the next year is 17.6%, with the Zacks Consensus Estimate for current-year earnings improving by 2.4% over the last 60 days [3] Market Reaction - The acquisition is interpreted as a sign of continued private equity interest in professional services and human capital businesses, particularly those with strong client relationships [4] - HSII's stock opened higher and maintained gains throughout the trading session, contrasting with mixed results in the broader market [4] Transaction Details - The transaction has been unanimously approved by HSII's board of directors and is expected to close in the first half of 2026, pending regulatory approvals [5] - Upon completion, HSII will become a privately held entity, and its shares will be delisted from the Nasdaq [5] Industry Trends - The sharp increase in HSII's stock reflects investor appetite for merger and acquisition activity amid market volatility, indicating that strategic investors are willing to pay a premium for established business models in the consulting sector [6]

Market Trends & Fundraising - High-net-worth individuals are increasingly driving inflows into private markets, representing a major shift [1][2] - State Street anticipates this cohort will drive over half of private market fundraising in the coming years [3] - Semi-liquid funds, particularly in private credit or secondary markets, are spearheading this shift toward retail interest [8][10] Investment Opportunities & Strategies - Large global managers are bringing institutional-quality products to the retail market [4] - Aries is boosting its AUM targets based on retail momentum [4] - A sports and media fund is considering quarterly redemptions [7] Potential Risks & Considerations - A Harvard paper suggests a potential performance disadvantage among funds sold to retail investors [3] - Limited liquidity in semi-liquid funds may mask volatility [10] - Retail investors may not get their money back as quickly as they want [9]

And if you look at private equity, pull up that chart I had there. This is just stunning how big this industry is getting. You know, $5 trillion is what we're up to here.And it just keeps growing. >> I I think private equity is totally screwed. I I don't think Silver Lake or Infinity or this deal are screwed, but I think private equity in general is totally hosed.>> All right. Well, it's gotten huge just since 2015 and tripling in size. So why is this I guess my question for the gentleman here and for the a ...

Private equity’s return advantage over public stocks has diminished in recent years, but finding reliable data is difficult https://t.co/Qhtegp7XnC ...