Private Markets - by Tony Davidow (Hardcover)

Book Synopsis

Comprehensive guide to the private market, covering allocating capital, portfolio construction, product evolution, and more

Written in accessible language, Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate addresses the challenges and opportunities with investing in the private markets, including understanding the merits of the asset classes--private equity, private credit, and private real estate--product evolution, and the structural tradeoffs, and how to incorporate these versatile and valuable tools in client portfolios.

This book leverages Tony Davidow's 40 years of experience working directly with advisors and high-net-worth families/ ultra-high-net-worth families. Davidow is an award-winning author and has also been recognized for building Franklin Templeton's alternative education program (2023 recipient of the "Wealthie"). Topics discussed in this book include:

• How private markets can be used to increase the likelihood of achieving client goals?
• Examining the historical risk and return characteristics of the private markets relative to their public market equivalents.
• Exploring the benefits of private markets including the potential for higher returns, an alternative source of income, diversification, and hedging against the impact of inflation.

Now that private markets are available to a broader group of investors outside of institutions and family offices, Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate is an essential resource for all financial advisors and individual investors who are considering allocating capital to these once elusive investments.

From the Back Cover

Praise for PRIVATE MARKETS

"Tony Davidow has provided an excellent roadmap for advisors and investors with Private Markets, describing the merits of the asset classes, the structural tradeoffs, and how to incorporate them in client portfolios."
--Jenny Johnson, President and CEO, Franklin Templeton

"Tony Davidow's Private Markets offers a deep exploration of the intricate world of private investments, rooted in decades of firsthand experience. Davidow masterfully demystifies the opportunities and risks of private markets, guiding financial advisory professionals through the complex landscape with clarity and expertise."
--Sean R. Walters, Chief Executive Officer, Investments & Wealth Institute^(R)

"With this new book, Tony describes the tectonic shift that is underway, with the convergence of institutional capabilities, being brought to the wealth channel. As advisors evolve their practices and investment acumen, Tony has provided them with an accelerator on how to build better portfolios with private markets."
--Craig Pfeiffer, President and CEO, Money Management Institute

"I can attest to the importance of this book for advisors and wealthy families. It covers all of the essential topics and does so in an accessible style that will be useful to newcomers and veterans alike. Tony--as always--has delivered an excellent reference book, and I highly recommend it."
--Scott Welch, CIMA^(R), Partner and Chief Investment Officer, Certuity

About the Author

TONY DAVIDOW is a Senior Alternative Investment Strategist for the Franklin Templeton Institute, the research arm of Franklin Templeton. He's the host of the Alternative Allocations podcast series and he has over 35 years' experience in the financial services industry. Davidow is the author of Goals-Based Investing: A Visionary Framework for Wealth Management.