Asset Allocation and Private Markets: A Guide to Investing with Private Equity, Private Debt, and Private Real Assets

315 Pages·2021·5.568 MB·English

by  Cyril Demaria, Maurice Pedergnana, Remy He, Roger Rissi, Sarah Debrand

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Asset Allocation
and Private Markets
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Asset Allocation
and Private Markets
A Guide to Investing with Private
Equity, Private Debt, and
Private Real Assets
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CYRIL DEMARIA
MAURICE PEDERGNANA
RÉMY HE
ROGER RISSI
SARAH DEBRAND
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Thiseditionfirstpublished2021
©2021CyrilDemaria,MauricePedergnana,RémyHeandRogerRissi
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LibraryofCongressCataloging-in-PublicationData:
Names:Demaria,Cyril,author.|Pedergnana,Maurice,author.|
He,Rémy,author.
Title:Assetallocationandprivatemarkets:aguidetoinvestingwith
privateequity,privatedebtandprivaterealassets/CyrilDemaria,
MauricePedergnana,RémyHe,RogerRissi,SarahDebrand.
Description:FirstEdition.|Hoboken:Wiley,2021.|Includesindex.
Identifiers:LCCN2020056314(print)|LCCN2020056315(ebook)|ISBN
9781119381006(cloth)|ISBN9781119381013(adobepdf)|ISBN
9781119380993(epub)
Subjects:LCSH:Assetallocation.|Privateequity.|Portfoliomanagement.
Classification:LCCHG4529.5.D452021(print)|LCCHG4529.5(ebook)|
DDC332.63/2—dc23
LCrecordavailableathttps://lccn.loc.gov/2020056314
LCebookrecordavailableathttps://lccn.loc.gov/2020056315
CoverDesign:Wiley
CoverImage:©Sielan/iStockphoto,©VintageTone/Shutterstock
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Tomyfamilyandfriends,withawarmthankyouforyoursupport.Nothingwouldhave
beenpossiblewithoutyou.
—CyrilDemaria
ToDr.CyrilDemariaforgivingmetheopportunitytoworkwithhimonthisinteresting
project.TomyfamilyandmywifeYuchen,awarmthankyouforyourloveandsupport.
—RémyHe
TomyprofessorCyrilDemaria,amassivethankyouforhisconsideration,time,and
trust.Ialsowouldliketowarmlythankmyparents,AnneandPhilippe,mythreeelder
brothers,Mathieu,Thomas,andQuentin,andmyfiancéFlorentfortheirkindsupport.
—SarahDebrand
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Contents
Foreword ix
Acknowledgments xi
AbouttheAuthors xiii
DataSources xvii
AbbreviationsandAcronyms xxiii
CHAPTER1
SourcesofCapital:Nature,Constraints,andObjectives 1
CHAPTER2
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AssetAllocation:Models,Limits,andAdaptations 34
CHAPTER3
PrivateMarketsInvesting 55
CHAPTER4
TheThreeDimensionsofInvestment 151
CHAPTER5
PortfolioConstructionandManagement 179
GeneralConclusion 223
Glossary 232
Bibliography 264
Index 273
vii
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