Private equity can be a good place to put the money, but that doesn't sound like what was suggested to you. Usually to get into private equity funds you need to

Private equity can be a good place to put the money, but that doesn't sound like what was suggested to you. Usually to get into private equity funds you need to be a "sophisticated investor" (aka mid 7 figures). The reason private equity can be good is that it unlocks access to companies that are not traded publicly. Index funds are probably a good idea. It wouldn't hurt to put 10-20% in something more active, blue chip, etc. Some of the online brokerages offer various levels of advice for very small fees (30ish basis points maybe). They could help you select appropriate index funds and other investments based on macro trends etc.