Blue Vault
An InvestmentNews article published September 25, 2026, examines how advisors are approaching private-market allocations as access to alternative investments expands.
Peter Aliprantis, partner and head of Private Wealth Americas at EQT, argues that private-market investing should be viewed as a portfolio-construction decision rather than simply a series of individual product selections. The discussion highlights diversification, liquidity needs, manager access, deal flow and exposure across asset classes, sectors and geographies as areas advisors may need to consider.
Why It Matters for Advisors
Evaluating an individual alternative investment is only part of the due-diligence process.
Advisors should also consider how an investment fits with the client’s broader portfolio and existing alternative-investment exposure.
That can include reviewing:
- Portfolio role
- Liquidity needs
- Asset-class exposure
- Sector and geographic concentration
- Manager and sponsor exposure
- Investment structure
- Vintage diversification
- The quality and source of underlying investment opportunities
An investment may look attractive on its own while still creating concentration, liquidity or portfolio-construction concerns when viewed alongside a client’s other holdings.
The broader takeaway: alternative-investment due diligence should include both the characteristics of the individual investment and the role it plays within the overall portfolio.
Source: InvestmentNews, “Private markets advice is evolving — are advisors keeping up?”, September 25, 2026
