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.png&c=1&h=180&q=80&v=20261021&w=320 "The 60/40 portfolio has failed the ultra-wealthy, says $9 trillion platform Addepar")
Why access to private-market winners comes with strings attached
The democratisation of private markets is giving family offices and wealthy investors enhanced access, but experts warn that liquidity risks remain easy to underestimate.
The search for late-stage private companies has intensified as more businesses choose to stay private for longer, allowing a greater share of their growth to occur before an IPO.
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