Comprehensive guide to the private market, covering allocating capital, portfolio construction, product evolution, and more Written in accessible language, Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate addresses the challenges and opportunities with investing in the private markets, including understanding the merits of the asset classes―private equity, private credit, and private real estate―product evolution, and the structural tradeoffs, and how to incorporate these versatile and valuable tools in client portfolios. This book leverages Tony Davidow's 40 years of experience working directly with advisors and high-net-worth families/ ultra-high-net-worth families. Davidow is an award-winning author and has also been recognized for building Franklin Templeton's alternative education program (2023 recipient of the “Wealthie”). Topics discussed in this book include: How private markets can be used to increase the likelihood of achieving client goals? - Examining the historical risk and return characteristics of the private markets relative to their public market equivalents. - Exploring the benefits of private markets including the potential for higher returns, an alternative source of income, diversification, and hedging against the impact of inflation. Now that private markets are available to a broader group of investors outside of institutions and family offices, Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate is an essential resource for all financial advisors and individual investors who are considering allocating capital to these once elusive investments. "The increased access to private markets has been fueled by product innovation and a willingness of institutional managers to bring products to the wealth channel. It is a daunting task for advisors as they learn how to use these versatile and valuable tools. Tony Davidow has provided an excellent roadmap for advisors and investors with Private Markets , describing the merits of the asset classes, the structural tradeoffs, and how to incorporate them in client portfolios." ― Jenny Johnson , President & CEO, Franklin Templeton “Tony Davidow's Private Markets offers a deep exploration of the intricate world of private investments, rooted in decades of firsthand experience. As an instructor in our Certified Investment Management Analyst® program and drawing from his extensive background working with family offices, institutional and individual investors, Davidow masterfully demystifies the opportunities and risks of private markets, guiding financial advisory professionals through the complex landscape with clarity and expertise.” ― Sean R. Walters , Chief Executive Officer, Investments & Wealth Institute® "Once again, Tony Davidow has leveraged his distinct ability to triangulate academic content, with practical application, using thoughtful decision-making in his latest book Private Markets . Tony shares his knowledge and wisdom, cultivated by his decades of working with advisors and investors. With this new book, Tony described the tectonic shift that is underway, with the convergence of institutional capabilities, being brought to the wealth channel. As advisors evolve their practices and investment acumen, Tony has provided them with an accelerator on how to build better portfolios with private markets.” ― Craig Pfeiffer , President & CEO, Money Management Institute “I’ve known Tony Davidow for 20+ years, through our mutual involvement in the Investments & Wealth Institute, and our passion for writing and speaking about investing. As the Chief Investment Officer, of a Multi-Family Office, specializing in providing unique access to private market investments to our High-Net-Worth and Ultra-High-Net -Worth families, I can attest to the importance of this book for advisors and wealthy families. It covers all of the essential topics and does so in an accessible style that will be useful to newcomers and veterans alike. Tony ― as always ― has delivered an excellent reference book, and I highly recommend it." ― Scott Welch , CIMA®, Partner & Chief Investment Officer, Certuity “This is a must-read for advisors at a pivotal point in the private markets industry. The adoption of private markets in the wealth management channel is changing rapidly and its role will quickly move to a core consideration in client portfolios over the next decade. For those interested in gaining further context behind the industry’s evolution, how to view the role of private markets in a portfolio, and how to begin the integration process, this book is a great place to start. Tony’s writing is approachable and practical, making for an easy but important read.” ― Aaron Filbeck , CFA, CAIA, CFP®, CIPM, FDP; Managing Director, Head of UniFi, at CAIA Association "The roles of the public and private markets are changing with private capital now financing a larg