Enterprising Investor
Practical analysis for investment professionals

private markets


Singapore Floats Retail Access to Private Markets: Next Frontier for Asset Managers?

Singapore’s proposal to democratize private markets signals a shift in retail investing—raising opportunities and risks for investors, managers, and regulators.

Search Funds: A Strategic Investment in Underserved Markets

Search funds stand out as a valuable alternative asset class, offering diversification, alpha potential, and operational upside in underserved markets.

Private Credit’s Surge Has Investors Excited and Regulators Concerned

Private credit's accelerated growth raises critical questions about liquidity, transparency, and systemic risk.

Top 10 Posts from Q1: Valuation Models, Inflationary Shocks, Private Markets

This quarter's top reads reveal what's capturing the attention of investment professionals.

Private Equity and Private Debt: Two Sides of the Same Coin

Explore how the growing convergence of private equity and private debt is transforming risk dynamics, return strategies, and regulatory concerns across the private capital landscape.

The Alternative View: 401(k) Plans Are Better off Without Private Investments

The debate over the inclusion of private investments in 401(k) plans is a hot topic. Are DC plans better off without them?

Consumer Lending Unlocked: Opportunities and Risks in a $27 Trillion Market

Consumer lending is a growing sub-asset class in private markets. What are the unique challenges and opportunities for investors and policymakers?

The Endowment Syndrome: Why Elite Funds Are Falling Behind

Endowments have long been considered elite investors, but outdated strategies and skyrocketing costs are eroding their edge

A Reality Check on Private Markets: Part III

Is IRR misleading investors? Discover the flaws in traditional performance measures and how solutions like NAV-to-NAV IRR can offer a clearer view of private market returns.

A Reality Check on Private Markets: Part II

How does the internal rate of return (IRR) work and why do investors need to be careful not to view the metric as an equivalent measure to a rate of return on investments?