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Private equity and private credit are booming—but should they have a place in your portfolio?

Vanguard’s Fran Kinniry joins Peter Lazaroff to break down the real opportunities, the hidden risks, and the essential considerations for investing in private markets.

Listen now and learn:

► Why companies are staying private longer—and how that changes public markets

► What investors need to understand about the illiquidity premium

► Why access and manager selection are critical to private investment success

► How private equity and private credit could (or could not) fit into your retirement strategy

Fran also shares his perspective on whether private assets might someday appear in 401(k) target-date funds—and what that could mean for the future of investing.

Show notes and links available at thelongterminvestor.com.

(00:00) Introduction to Smart Investing

(02:03) The Value of Private Investments

(04:30) Understanding Illiquidity Premium

(06:29) The Importance of Manager Selection

(09:39) Risks of Democratizing Private Equity

(11:39) The Rise of Private Credit

(14:18) Portfolio Construction Challenges

(16:18) Current Income vs. Diversification

(18:07) Allocating to Private Markets

(20:34) Accessing Private Investments

(22:11) Questions for Advisors

(24:03) The Future of Private Assets in Retirement Accounts

(28:45) Incremental Benefits of Private Assets

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

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