Is private equity really the low-volatility, steady-eddy investment everyone claims it to be—or is that just smoke and mirrors? Dan Rasmussen from Verdad Capital throws a wrench into the usual narrative, challenging the cozy idea that private equity swoons at a mere 10% annual volatility—about the same as your typical balanced portfolio. But here’s the kicker: if these private investments are truly that stable, then why do publicly listed private equity funds on the London Stock Exchange show such wild swings in their Net Asset Values? It’s almost like discovering your “sedate” neighbor moonlights as a stunt driver! Through Dan’s sharp lens, we dig deep into how infrequent valuations, survivorship bias, and the shadowy art of pricing private investments paint a different story—one where real, tangible volatility is lurking beneath the surface. And if you’ve ever wondered why some investors deride micro-caps yet flock to these funds loaded with tiny, leveraged companies… maybe it’s time to question your own playbook. Buckle up, this isn’t your average private equity pitch. LEARN MORE
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