Private equity is making its way from Wall Street to Main Street, and it’s being marketed as the next frontier for retirement savings.
The message sounds appealing: higher returns and access to opportunities once reserved for the ultra-wealthy. But make no mistake, while private equity may sound sexy, it introduces a level of complexity, opacity and illiquidity that most everyday investors are not equipped to understand or manage. The world of private markets is one where investors pay “steep fees for access to complex deals that promise high returns.”
