Most PE funds have a minimum of $5m-$10m (less for VC)... so even $100m isn't enough to go directly to a PE firm....typically at this size, you might go through

Most PE funds have a minimum of $5m-$10m (less for VC)... so even $100m isn't enough to go directly to a PE firm....typically at this size, you might go through a fund of funds... Even at a small size, it's possible to invest in alternatives through public markets. I have my pension in listed private equity. You can also invest in private debt BDCs and closed-end funds that do infrastructure and a bunch of other things.