Alternative Investments Academy

Executive Summary (04:38)

• The History of Alternative Investing (04:19)
• The Structural Appeal of Private Markets
• Private Assets in a Portfolio Context
• Investor Demand & Industry Growth

Executive Summary (04:24)

• Structural Inefficiencies and the Illiquidity Premium
• Active Management and Value Creation
• Selection Effects and Dispersion of Returns

Executive Summary (04:05)

• Intro to Private Equity (04:08)
• Overview of PE Firms and Funds (03:36)
• Managing PE Investment Programs (04:12)
• Subscription Lines in PE (02:55)
• The LP and GP Relationship Lifecycle (02:53)
• Publicly Traded Private Equity GPs (02:50)
• Exit Strategies: IPOs & Direct Listings (03:41)
• Exit Strategies: SPACs

Executive Summary (04:08)

• Overview of Buyouts
• Buyout strategies
• Buyout Fund Characteristics
• Leveraged Buyouts
• Private Investments in Public Equity
• Private Equity Liquid Alts
• Long-Hold Buyout Funds

Executive Summary (04:15)

• VC Overview
• Stages of VC
• VC Risk and Returns
• VC Return Research
• VC Valuations
• VC Financing Decisions
• VC Securities
• Dynamics of Venture Opportunities
• Growth Equity

Executive Summary (03:38)

• PC Strategies
• Credit Risk Analysis & Bankruptcy Process
• Bonds and Loans
• Direct Lending
• Mezzanine Debt
• Advanced Mezzanine Debt
• Venture Debt
• Distressed Debt
• Asset Based Lending
• Risks of Asset Based Loans
• Asset Backed Securities
• MBS
• Residential Mortgages

Executive Summary (04:56)

• IP Overview
• Cash Flows of IP
• Visual Works of Art
• R&D and Patents as Unbundled IP
• Cat Bonds
• Trigger Types of Cat Bonds
• Cat Bond Valuation, Performance, Drawbacks
• Longevity & Mortality Risk-Related Products
• Life Insurance Settlements
• Overview of Viatical Settlements

Executive Summary (04:05)

• Natural Resources other than land
• Land
• Timber and Timberland
• Farmland
• Investing in Commodities without Futures
• Commodity Exposure & Diversification
• Commodity Producers
• MLPs
• Infrastructure Overview (04:46)
• Infrastructure Classifications (04:03)
• Investing in Infrastructure (04:42)
• Opportunities and Risk in Infrastructure (03:53)
• Categories of Real Estate
• Commercial Real Estate
• Real Estate Investment Styles
• Introduction to Sectors: Office
• Introduction to Sectors: Industrial & Retail
• Introduction to Sectors: Multifamily & Other
• Commercial Mortgages

Executive Summary (03:37)

• The Endowment Model and Total Portfolio Thinking
• Risk, Return, and the Role of Private Markets
• Governance, Discipline, and Decision-Making Frameworks
• Manager Access, Due Diligence, and Negotiation

Executive Summary (04:25)

• Integrating Private Markets into Advisory Models
• Product Platforms and Sourcing Solutions
• Internal Training, Oversight, and Staff Enablement
• Communicating Value & Differentiation Through Private Markets

Executive Summary (03:58)

• Drawdown Fund Mechanics (Private Equity Style)
• Evergreen Fund Structures and Innovations
• Liquidity, Access, and Operational Trade-Offs
• Portfolio Construction and Behavioral Considerations

Executive Summary (04:47)

• Fund Structure and Mechanics
• Liquidity, Gating, and Redemption Considerations
• Use Cases and Product Mapping
• Operational and Compliance Oversight

Executive Summary (04:39)

• What Are BDCs and REITs? Regulatory Foundations and Structure
• Public vs. Private: Access, Transparency, and Liquidity
• Income Generation and Portfolio Role
• Risks, Fees, and Advisor Due Diligence

Executive Summary (04:38)

• What Are Feeder Funds? Structure, Purpose, and Flow
• Fund Platform Architecture and Advisor Experience
• Benefits and Trade-Offs of Platform-Based Access
• Due Diligence on Platforms and Feeder Offerings

Executive Summary (forthcoming)

• The Private Market Fund Lifecycle
• Capital Commitment, Calls, and Distributions
• Fund Economics and Incentive Structures
• Roles and Responsibilities of Key Stakeholders

Executive Summary (forthcoming)

• What Are Secondaries and How Do They Work?
• Why Secondaries Are Strategic, Not Just Reactive
• Risks, Pricing Dynamics, and Market Behavior
• Accessing Secondaries and Implementation Considerations

Executive Summary (04:29)

• What Are Co-Investments and Why Do They Exist?
• Benefits for Investors: Cost, Customization, and Control
• Risks, Resource Demands, and GP-LP Dynamics
• Access, Implementation, and Portfolio Role

Executive Summary (forthcoming)

• Understanding the Fee Stack in Private Investments
• Carried Interest and Hurdle Rates
• Fee Transparency, Complexity, and Red Flags
• Net-of-Fee Performance: Evaluating the Real Impact

Executive Summary (forthcoming)

• Why Valuation Is Different in Private Markets
• Common Valuation Methodologies
• Implications for Reporting, Monitoring, and Performance
• Valuation Risk and Due Diligence Considerations

Executive Summary (forthcoming)

• Selection of a Fund Manager
• Manager Selection Process
• Screening with Fundamental Questions
• Historical Performance Review
• Manager Selection & Deal Sourcing
• Fund Culture
• Cases in Tail Risk
• Overview of IDD
• Investment Strategy or Mandate
• Investment Implementation Process and Risks
• Asset Custody and Valuation
• Portfolio Risk Review
• ODD
• DD of Terms and Business Activities

Executive Summary (forthcoming)

• What Is an Illiquidity Budget and Why It Matters
• Setting Illiquidity Parameters by Client Type
• Portfolio Modeling and Liquidity Tiers
• Managing Liquidity Events and Market Stress Scenarios

Executive Summary (forthcoming)

• Strategic Role of Private Markets in a Diversified Portfolio
• Allocation Approaches and Model Design
• Diversification Within Private Markets
• Implementation Timelines, Monitoring, and Rebalancing

Executive Summary (forthcoming)

• Coordinating Public and Private Exposures
• Managing Liquidity Tiers Across the Total Portfolio
• Performance Measurement and Benchmarking Challenges
• Behavioral and Communication Considerations

Executive Summary (forthcoming)

• Regulatory Landscape and Recent Developments
• Use Cases and Access Vehicles
• Liquidity, Valuation, and Fiduciary Oversight
• Opportunities and Limitations for Advisors