@peejay2. Short answer = Yes. Long answer = I think Private...

@peejay2. Short answer = Yes.
Long answer = I think Private Equity has a place in a large diversified investment portfolio. Given the liquidity risk, this type of investment must be considered as long-term. Which is why I'm invested via my super, rather than regular money. Would I make the same investment now > Yes. This Schroders Fund is well diversified geographically, and Schroders themselves (as a Global Asset Manager) have a very long and successful history. They fly a bit under-the-radar IMO. "To put my money where my mouth is" this fund is ~10% of my super portfolio. The Private Equity space can be quite opaque, and I think you need a sound financial background (which it sounds like you have) to read through and understand the PDS for various Private Equity funds that are available. Once again, one of the key reasons for my investment was because returns are "lumpy" and not directly correlated to the wider share-market. "Payday" for private equity is when they either IPO the business, or sell via a trade sale to another private entity. These transactions usually (but not always) happen during a bull-market phase. Depends on whether the business is hitting key metrics. This where we (as passive investors) need to trust the asset manager.