Alternative Investments Landscape - Alternative investments, including private equity, private credit, venture capital, and hedge funds, are becoming mainstream [1] - Total assets under management for alts have more than doubled in the past decade, from $7 trillion to $18 trillion, and are expected to reach $29 trillion by 2029 [2] - Congress has been reducing both the financial and educational thresholds for sophisticated investors over the past decade [10] - An executive order from the White House aims to increase the presence of alts in 401(k)s, potentially leading to more retail investor participation [11] Accessibility for Retail Investors - Alts, once exclusive to institutional investors and the ultra-wealthy, are now becoming more accessible to retail investors [2] - Retail investors can now access private credit with a minimum investment of $10,000 to $20,000 through funds [19][20] - The industry is moving towards semi-liquid public instruments, partnerships, securitization, and funds to provide access to alts [16] Risks and Challenges - High fees, less liquidity, less transparency, and potentially lower returns have been risks associated with alts [4][17] - Liquidity is a significant concern, especially for retail investors who may need their cash more readily [14] - Creating hybrid instruments that offer liquidity may compromise the higher returns typically expected from illiquid alternatives [17]

另类投资趋势 - 越来越多的家族办公室正在寻找股票的替代品来进行投资[1] - 自 2016 年以来，投资另类投资的家族办公室数量增加了 500% 以上[2] - 另类投资领域中，家族办公室今年更倾向于私募信贷[3] - 家族办公室警告称，费用较高，回报较低[4] - 80% 的年收入超过 1 亿美元的公司现在都是私有的，需要通过私募市场获得更广泛的投资机会[6] 私募信贷与私募股权 - 39% 的家族办公室计划今年增加或进行新的私募信贷和私募债务投资，29% 的家族办公室计划增加或进行私募股权投资[4] - 私募信贷在家族办公室总投资组合中占比仍然较小，约为 5%[4] - 家族办公室认为高额费用是投资私募市场面临的最大挑战，占比 72%[4] - 许多人质疑 3 万亿美元的投资组合公司是否能够以相同的价格或更高的价格退出[11] 私募股权公司表现 - 除 Carlile 外，KKR、Apollo 等一些私募股权公司的股票表现不佳，今年有所下跌[10]

Investment Focus - SeaX Ventures 帮助公司开发变革性技术 [1] - SeaX Ventures 创始人预测加密货币、人工智能和生物技术是最佳长期投资 [1] - Yahoo Finance 致力于促进所有人的经济繁荣 [1] Media & Resources - Financial Freestyle 在 Yahoo Finance 上提供，旨在通过专家见解、实用建议和鼓舞人心的成功案例来帮助用户建立和增长财富 [1] - Yahoo Finance 提供免费的股票代码数据、最新新闻、投资组合管理资源、全面的市场数据和高级工具 [1] - 用户可以在 Apple 和 Android 上下载 Yahoo Finance 应用程序 [1]

Core Insights - RiverPark Advisors, LLC is a New York-based investment advisory firm focused on providing "Best in Class" portfolio management services across select style boxes [1] - The firm manages approximately $1.3 billion in mutual funds and separate accounts, utilizing seven different strategies in equities, fixed income, and venture capital [1] - RiverPark has formed strategic alliances with other investment advisers to enhance management services [1]

Solana's Vision - Solana aims to host every asset and market on a single, globally distributed state machine, synchronized at the speed of light [2] - Solana envisions the emergence of internet capital markets [2] Market Scope - Solana targets a wide array of financial instruments, including stocks, bonds, lending, money markets, foreign exchange, commodities, derivatives, private equity, venture capital, hedge funds, real estate investment trusts, asset-backed securities, municipal bonds, treasury securities, corporate bonds, convertible bonds, preferred stocks, common stocks, options, futures, swaps, credit default swaps, mortgage-backed securities, collateralized debt obligations, exchange-traded funds, mutual funds, index funds, closed-end funds, unit investment trusts, American depositary receipts, global depositary receipts, warrants, rights offerings, initial public offerings, secondary offerings, private placements, repurchase agreements, commercial paper, certificates of deposit, banker's acceptances, Eurodollars, currency forwards, interest rate swaps, equity swaps, total return swaps, structured products, contingent convertible bonds, green bonds, Sukuk, catastrophe bonds, inflation-protected securities, zero-coupon bonds, and floating rate notes [1]

Investment Rating - The report highlights that Asia is home to the world's second largest start-up ecosystem, accounting for 23% of all venture capital investments from 2021 to 2023, indicating a strong investment rating for the region's start-up landscape [39][52]. Core Insights - The report emphasizes that innovative start-ups are crucial for closing productivity gaps and promoting inclusive development, with a growing interest in actions to support start-up creation and expansion across Asia [16][26]. - It identifies four key ecosystems in India, Indonesia, Thailand, and Viet Nam, which are opening opportunities for sustainable development through targeted policies and institutional support [42][48]. - The report notes that despite rapid growth, start-up ecosystems in Asia remain below their potential in terms of density, with an average of around 3 start-ups per 100,000 inhabitants compared to nearly 40 in OECD countries [41][67]. Summary by Sections Executive Summary - Asia's start-up ecosystem has seen significant growth, with venture capital investments reaching 0.5% of world GDP during 2021-2023, driven by digitalization and supportive public policies [39][52]. - The report outlines that the start-up landscape is diverse, with significant growth in countries like China and India, while newer ecosystems in Indonesia, Viet Nam, and Thailand have emerged rapidly [40][66]. Start-ups in Asia - The report provides a comparative overview of start-up ecosystems in India, Indonesia, Thailand, and Viet Nam, highlighting their unique characteristics and commonalities in policy support [48][49]. - It discusses the importance of targeted policies implemented since 2016, which have been pivotal in fostering start-up growth in these countries [42][43]. Promoting Start-ups in India - India is identified as the largest start-up hub in Asia by the number of start-ups, with significant government initiatives like Start-up India launched in 2016 [40][52]. - The report notes that India has a high concentration of renewable energy start-ups, with 1.6% of its start-ups focused on this sector, aligning with global trends [43][61]. Promoting Start-ups in Indonesia - Indonesia's start-up ecosystem is rapidly growing, supported by government initiatives since 2016, and is recognized as a major hub for cultural and creative industries [72][87]. - The report highlights the role of corporate venture capital in Indonesia, which accounted for 40% of all deals from 2020 to 2022 [43][75]. Promoting Start-ups in Thailand - Thailand is emerging as a significant start-up hub in Southeast Asia, with a focus on innovation and public-private initiatives in sectors like food-tech [100][114]. - The report emphasizes the importance of a supportive policy mix to enhance start-up growth in Thailand [106][117]. Promoting Start-ups in Viet Nam - Viet Nam is noted as the third largest start-up hub in Southeast Asia, with government policies aimed at fostering an innovative economy [130][136]. - The report discusses initiatives to support female entrepreneurs and the overall goal of creating a more inclusive start-up environment [143][146].