Thanks for sharing this.

One thought-- you write:

"Investors, frustrated by shrinking opportunities in public markets and seeking diversification in a volatile macro environment, are looking to alternative assets."

Who are these frustrated investors? This feels like an alternative industry marketing angle.

Investors concerned about (for example) the lack of diversification in the S&P 500 have easy and cheap ways to address it without investing in expensive, complex, and illiquid (even with partial liquidity) private asset vehicles.