TIGER 21 beefs up private equity allocation

TIGER 21 beefs up private equity allocationStaff / April 18, 2013TIGER 21’s Q1 asset allocation report shows a continuing shift to private equity.It increased to 22%, a jump of 3 percentage points from the fourth quarter of 2012 and up 13 percentage pointsfrom a low of 9% as recently as the fourth quarter of 2010.Read: Big names explain outlook at TIGER 21 eventReal estate decreased to 19% from 21% in the fourth quarter of 2012.”It is not that private equity is a better alternative than public equity for all investors, says Michael Sonnenfeldt,founder and chairman of TIGER 21. “Both public and private equity have seen increasing allocations as ourmembers slowly wade back into increased equity exposure, reflecting a cautiously optimistic view.”Because a high percentage of our members built their wealth by building private companies, we believe thefindings indicate that they are going back to what they know best and are more focused than they were before2008 on keeping things simple.”