AIUI, private equity is more illiquid and has less price discovery than public markets. Seems like like a bad combination to me. Ben Felix, investment officer

AIUI, private equity is more illiquid and has less price discovery than public markets. Seems like like a bad combination to me. Ben Felix, investment officer at a Canadian wealth management firm, did a video on the topic a few years ago and concludes that net-of-fee returns aren't much better index funds—and you have to deal with illiquidity: * https://www.youtube.com/watch?v=Ik169Fd_G1E https://www.youtube.com/watch?v=Ik169Fd_G1E He links to the published papers that he used in his analysis in the description. He also co-hosts the Rational Reminder podcast, and private equity has come up on a few episodes: * https://rationalreminder.ca/podcast-directory https://rationalreminder.ca/podcast-directory