# Alternatives Hub
## Header
Rui’s Alternatives Notebook
:icon-book-open:
| Label | Link |
| --- | --- |
| Why Alternatives? | #intro |
| Private Equity | #asset-classes |
| Venture Capital | #asset-classes |
| Real Assets | #asset-classes |
| Hedge Funds | #asset-classes |
| Resources | #resources |
| Books | #bookshelf |
## Hero
Est. 2026
Curated Insights
on Alternative
Investments
Hand-picked resources from institutional investors, asset managers, academics, and thought leaders.
Start Learning
Explore Asset Classes
The only free lunch in investing is diversification.
— Harry Markowitz
## Why Alternatives
Why Alternatives
Alternatives as sources of capital appreciation, income and diversification
Institutional investors utilize specialized asset allocation models tailored to their unique liability profiles, risk tolerance, and return objectives. Understanding these frameworks provides insight into how the world's largest pools of capital are deployed.
Yale Endowment Model
Pioneered by Yale's David Swensen, this model emphasizes high diversification with significant allocations (often 30%+) to alternative assets including private equity, hedge funds, and real estate. The approach seeks to capture illiquidity premiums and access manager alpha to drive superior long-term returns.
High alternatives allocation (30-50%)
Focus on illiquidity premium
Manager selection crucial
Long-term return focus
https://investments.yale.edu
Sovereign Wealth Fund Model
Exemplified by GIC Singapore, sovereign wealth funds manage national wealth with a globally diversified portfolio across public markets, private equity, real estate, and infrastructure. These funds balance long-term growth objectives with intergenerational wealth preservation, emphasizing transparency and broad market exposure.
Global diversification
Long-term horizon
Intergenerational focus
Transparency emphasis
https://www.gic.com.sg
Family Office Model
Ultra-high-net-worth families employ flexible, opportunistic allocation strategies that blend public markets, private equity, real estate, and private credit. Family offices prioritize wealth preservation, tax efficiency, and direct investment opportunities, often with higher risk tolerance and longer time horizons than institutional peers.
Flexible allocations
Direct investments
Tax optimization
Wealth preservation
https://www.cambridgeassociates.com/insight/portfolio-construction-private-families/
Pension Fund Model
Pension schemes balance growth and liability matching through diversified portfolios of equities, fixed income, and alternatives. With aging demographics and rising liabilities, pension funds increasingly adopt liability-driven strategies while maintaining growth-oriented allocations to private markets and real assets.
Liability-aware allocation
Risk-return balance
Regulatory constraints
Long-term obligations
https://www.thinkingaheadinstitute.org/research-papers/global-pension-assets-study-2025/
Insurance Company Model
Insurance portfolios are structured around liability matching, duration risk, and regulatory capital requirements. Life and annuity insurers prioritize fixed income and credit instruments while opportunistically allocating to private credit, real estate, and infrastructure to enhance yield within strict regulatory frameworks.
Liability-driven structure
Duration matching
Regulatory capital focus
Credit-heavy allocation
https://www.conning.com
Key Trends & Considerations
Long-Term Capital Market Assumptions (LTCMA)
Forward-looking projections of expected returns, volatility, and correlations across asset classes over 10-15 year horizons. Leading asset managers like BlackRock publish annual LTCMAs to guide strategic asset allocation, helping investors set realistic return expectations and optimize portfolio construction in changing market environments.
https://www.blackrock.com/corporate/insights/blackrock-investment-institute/interactive-charts/capital-market-assumptions
Shift to Private Markets
Driven by persistently low interest rates and the search for yield, institutions have significantly increased allocations to private equity, venture capital, infrastructure, and real estate over the past decade.
https://www.morganstanley.com/im/en-hk/intermediary-investor/insights/articles/public-to-private-equity-in-the-us-a-long-term-look.html
Tactical Asset Allocation
Short-term adjustments to strategic allocations based on market conditions—such as reducing equity exposure during overvaluation or increasing real assets to counter inflation expectations.
https://www.blackrock.com/ca/institutional/en/strategies/multi-asset/global-tactical-asset-allocation
Enhanced Risk Management
Institutions increasingly employ sophisticated tools like dynamic hedging, tail risk strategies, and stress testing to manage portfolio volatility and protect against downside scenarios.
https://www.aqr.com/-/media/AQR/Documents/Alternative-Thinking/AQR-Alternative-Thinking-Broad-Strategic-Asset-Allocation.pdf
The Democratization of Alternative Investments
Technology and regulatory changes are breaking down barriers that once restricted alternative investments to institutional and ultra-high-net-worth investors. Platforms offering fractional ownership, interval funds, and tokenized assets are enabling retail investors to access private equity, venture capital, real estate, and hedge fund strategies with lower minimums. This shift is reshaping capital formation and portfolio construction across investor segments.
https://www.privateequityinternational.com/democratisation-transparency-how-alternative-assets-are-readying-for-individual-investors/
Drawdown vs Evergreen
Traditional drawdown funds commit capital over time with a fixed lifecycle, while evergreen structures offer continuous liquidity and perpetual investment horizons. Evergreen vehicles are gaining traction for their ability to provide ongoing access and redemption features, making alternatives more accessible to a broader investor base while maintaining exposure to long-duration assets.
https://www.harbourvest.com/insights-news/insights/how-to-use-evergreen-drawdowns-private-equity/
Typical Asset Allocation
Learn More
Public Equity
Fixed Income
Alternatives
Select an Investment Model
Key Characteristics
## Deep Dives
Deep Dives by Asset Class
Explore the nuances, risk profiles, and strategic roles of major alternative asset classes. A curated library of essential reading, research, and voices for each strategy.
Overview
Liquidity Profile
Key Strategy
Featured Insight
Resources & Learning
| ID | Name | Code | Icon | Description | Strategy | Liquidity Score (0-100) | Liquidity Label | Key Insight | Source | Primer URL |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| pe | Private Equity | PE | :icon-briefcase: | Ownership equity in a private company that is not publicly traded. Involves active management and long-term value creation strategies. | Growth Equity, Buyout and Secondaries | 10 | Very Low | Value creation in PE has shifted from financial engineering to operational improvement. | Bain & Company Global PE Report | https://www.stepstonegroup.com/wp-content/uploads/2023/08/Private-Equity-Primer_-A-Comprehensive-Guide-to-Private-Equity-Investing-2022-1.pdf |
| vc | Venture Capital | VC | :icon-rocket: | Financing for startups and small businesses with long-term growth potential. High risk, power-law return distribution. | Seed to Series D+, Disruption, Tech Focus | 5 | Locked | In VC, your losers don't matter. Your winners matter. One 100x return pays for all failures. | Marc Andreessen | https://www.wallstreetprep.com/knowledge/growth-equity-guide/ |
| pc | Private Credit | PC | :icon-banknote: | Non-bank lending to private companies. Offers higher yields than public fixed income with floating rate protection. | Direct Lending, Mezzanine, Distressed Debt | 20 | Low/Medium | As banks retreat from middle-market lending due to regulation, private credit fills the void. | Oaktree Capital Memo | https://d1io3yog0oux5.cloudfront.net/_78eba6f408dce0fba275cff58f32609f/apollo/db/2224/22852/pdf/Private+Credit+-+Fact+vs.+Fiction.pdf |
| ra | Real Assets | RA | :icon-building: | Tangible assets like real estate, infrastructure, and commodities. Provides inflation hedging and steady cash flows. | Core Plus, Value-Add, Opportunistic | 15 | Low | Real assets are the only true hedge against unexpected inflation regimes. | Brookfield Insights | https://www.wallstreetprep.com/knowledge/real-assets/ |
| hf | Hedge Funds | HF | :icon-bar-chart-2: | Pooled investment funds that use complex strategies to generate absolute returns, regardless of market direction. | Long/Short, Global Macro, Event Driven, Multi-Strategy, Relative Value, Systematic & Quant | 60 | Medium | The goal isn't just return; it's uncorrelated alpha that smooths the total portfolio ride. | Bridgewater Associates | https://www.wallstreetprep.com/knowledge/hedge-fund/ |
| Asset ID | Category | Resource Title | Source/Author | URL |
| --- | --- | --- | --- | --- |
| pe | Websites | JPM Guide to Alternatives | J.P. Morgan | https://www.gsinvestmentuniversity.com/courses/opportunities-in-alternatives/ |
| pe | Websites | Goldman Sachs Asset Management | Goldman Sachs | https://www.gsam.com/content/gsam/us/en/advisors/homepage.html |
| pe | Websites | PitchBook PE | PitchBook | https://pitchbook.com/news/articles/private-equity |
| pe | Websites | Preqin PE | Preqin | https://www.preqin.com/insights |
| pe | Websites | Bain PE Insights | Bain & Company | https://www.bain.com/insights/industry-insights/private-equity-insights/ |
| pe | Websites | CalPERS PE Fund Performance | CalPERS | https://www.calpers.ca.gov/page/investments/asset-classes/private-equity |
| pe | Websites | HarbourVest | HarbourVest Partners | https://www.harbourvest.com/insights-news/ |
| pe | Websites | Lexington Partners | Lexington Partners | https://www.lexingtonpartners.com/insights/ |
| pe | Websites | Ardian | Ardian | https://www.ardian.com/insights |
| pe | Websites | Adams Street Partners | Adams Street Partners | https://www.adamsstreetpartners.com/insights/ |
| pe | Websites | UNC Institute for Private Capital | UNC | https://uncipc.org |
| pe | Websites | Harvard Business School PE Research | Harvard Business School | https://www.hbs.edu/faculty/Pages/browse.aspx?topic=Private%20Equity |
| pe | Websites | Thinking Ahead Institute | Thinking Ahead Institute | https://www.thinkingaheadinstitute.org/ |
| pe | Websites | KKR Insights | KKR | https://www.kkr.com/insights |
| pe | Websites | Burgiss | Burgiss | https://www.burgiss.com |
| pe | Podcasts & Videos | Private Equity International Podcast | PEI | https://www.privateequityinternational.com/podcast |
| pe | Podcasts & Videos | Bain PE Insights | Bain & Company | https://www.youtube.com/@bainandcompany |
| pe | Podcasts & Videos | Dry Powder | Bain Capital Podcast | https://www.bain.com/insights/topics/dry-powder-the-private-equity-podcast/ |
| pe | Podcasts & Videos | Insight Now | J.P. Morgan Alternatives | https://podcasts.apple.com/us/podcast/insights-now/id394958297 |
| pe | Newsletters | PEI Daily | PEI | https://www.privateequityinternational.com/newsletter-sign-up |
| pe | Newsletters | Private Equity Insight | Sebastian | https://pe-insights.com/author/simonpe-insights-com/ |
| pe | People to Follow | David Rubenstein | Carlyle Group | https://x.com/DavidMRubenstein |
| pe | People to Follow | Josh Lerner | Harvard Business School | https://x.com/joshhlerner |
| pe | People to Follow | Bain Capital Insights | Bain Capital | https://x.com/BainCapital |
| pe | People to Follow | Robert Smith | Vista Equity Partners | https://x.com/RobertFSmith |
| pe | People to Follow | Harvey Schwartz | Carlyle Group | https://x.com/HarveySchwartz |
| pe | People to Follow | Hadley Mullin | TSG Consumer Partners | https://x.com/hadleymullin |
| pe | People to Follow | Nicolai Tangen | Norges Bank Investment Management | https://x.com/nicolaitangen |
| vc | Websites | NVCA | National Venture Capital Association | https://nvca.org |
| vc | Websites | Crunchbase | Crunchbase | https://www.crunchbase.com |
| vc | Websites | PitchBook VC | PitchBook | https://pitchbook.com/news/articles/venture-capital |
| vc | Websites | Forbes Midas List | Forbes | https://www.forbes.com/lists/midas/ |
| vc | Websites | Andreessen Horowitz | a16z | https://a16z.com/ |
| vc | Websites | CB Insights Research | CB Insights | https://www.cbinsights.com/research/ |
| vc | Websites | Stanford GSB VC Research | Stanford Graduate School of Business | https://www.gsb.stanford.edu/faculty-research/centers-initiatives/ces |
| vc | Websites | MIT Sloan VC Papers | MIT Sloan | https://mitsloan.mit.edu/faculty/directory |
| vc | Websites | Dealroom | Dealroom.co | https://dealroom.co |
| vc | Podcasts & Videos | All In Podcast | All In | https://www.allinpodcast.co/ |
| vc | Podcasts & Videos | 20VC | Harry Stebbings | https://www.20vc.com/ |
| vc | Podcasts & Videos | The Generalist | Mario Gabriele | https://www.generalist.com/ |
| vc | Podcasts & Videos | a16z Podcast | Andreessen Horowitz | https://a16z.com/podcasts/ |
| vc | Podcasts & Videos | Not Boring | Packy McCormick | https://podcasts.apple.com/gb/podcast/not-boring-radio/id1804641503 |
| vc | Newsletters | a16z Newsletter | Andreessen Horowitz | https://a16z.com/ |
| vc | Newsletters | PitchBook VC Monitor | PitchBook | https://pitchbook.com/newsletter |
| vc | Newsletters | The Generalist Substack | Mario Gabriele | https://www.generalist.com/ |
| vc | Newsletters | Bessemer Venture Partners Newsletter | Bessemer Venture Partners | https://www.bvp.com/ |
| vc | Newsletters | Crunchbase Daily | Crunchbase | https://about.crunchbase.com/blog/ |
| vc | Newsletters | Clouded Judgement | Tomasz Tunguz | https://tomtunguz.com/ |
| vc | People to Follow | Marc Andreessen | a16z | https://x.com/pmarca |
| vc | People to Follow | Fred Wilson | Union Square Ventures | https://x.com/fredwilson |
| vc | People to Follow | Packy McCormick | Not Boring | https://x.com/packyM |
| vc | People to Follow | Mario Gabriele | The Generalist | https://x.com/mariogabriele |
| vc | People to Follow | Bill Gurley | Benchmark | https://x.com/bgurley |
| vc | People to Follow | Andrej Karpathy | AI Research | https://x.com/karpathy |
| vc | People to Follow | Gavin Baker | Atreides Management | https://x.com/GavinSBaker |
| vc | People to Follow | Brad Gerstner | Altimeter Capital | https://x.com/altcap |
| vc | People to Follow | Peter Thiel | Founders Fund | https://x.com/peterthiel |
| vc | People to Follow | David Clark | VenCap CIO | https://x.com/dpc_clark |
| vc | People to Follow | Vinod Khosla | Khosla Ventures | https://x.com/vkhosla |
| vc | People to Follow | Hemant Taneja | General Catalyst | https://x.com/htaneja |
| pc | Websites | AIMA Private Credit | AIMA | https://www.aima.org |
| pc | Websites | Private Debt Investor | PEI Media | https://www.privatedebtinvestor.com |
| pc | Websites | BDC Investor | BDC Investor | https://www.bdcinvestor.com/ |
| pc | Websites | Preqin Private Debt | Preqin | https://www.preqin.com/insights |
| pc | Websites | Cliffwater | Cliffwater | https://www.cliffwater.com |
| pc | Websites | PDI 200 | Private Debt Investor | https://www.privatedebtinvestor.com/pdi-200/ |
| pc | Websites | UNC IPC Private Credit | UNC Institute for Private Capital | https://uncipc.org |
| pc | Podcasts & Videos | Private Debt Investor Podcast | PEI Media | https://www.privatedebtinvestor.com/podcast |
| pc | Podcasts & Videos | AIMA Insights | AIMA | https://www.aima.org/ |
| pc | Newsletters | The Memo | Howard Marks, Oaktree | https://www.oaktreecapital.com/insights/howard-marks-memos |
| pc | Newsletters | AIMA Financing the Economy | AIMA | https://www.aima.org/ |
| pc | Newsletters | PDI Daily | Private Debt Investor | https://www.privatedebtinvestor.com/newsletter-sign-up |
| pc | People to Follow | Howard Marks | Oaktree Capital | https://x.com/howardmarksbook |
| pc | People to Follow | Seth Klarman | Baupost Group | https://x.com/SethKlarman |
| pc | People to Follow | David Tepper | Appaloosa Management | https://x.com/DavidTepper65 |
| pc | People to Follow | Jeffrey Gundlach | DoubleLine Capital | https://x.com/TruthGundlach |
| ra | Websites | BREIT | Blackstone | https://www.breit.com/non-us-investor/ |
| ra | Websites | Brookfield Insights | Brookfield | https://www.brookfield.com/insights |
| ra | Websites | Prologis | Prologis | https://www.prologis.com/ |
| ra | Websites | M&G Investments Infrastructure | M&G | https://www.mandg.com/investments/institutional-investor |
| ra | Websites | NAREIT | National Association of Real Estate Investment Trusts | https://www.reit.com |
| ra | Websites | PERE 100 | Private Equity Real Estate | https://www.perenews.com/pere-100/ |
| ra | Websites | Infrastructure Investor 100 | Infrastructure Investor | https://www.infrastructureinvestor.com/infrastructure-investor-100/ |
| ra | Websites | Oxford Real Estate Research | University of Oxford | https://www.sbs.ox.ac.uk/research |
| ra | Websites | Cambridge Real Assets Research | University of Cambridge | https://www.jbs.cam.ac.uk/faculty-research/ |
| ra | Websites | Journal of Real Estate Finance and Economics | Springer | https://www.springer.com/journal/11146 |
| ra | Websites | Portfolio to the Future | CAIA | https://caia.org/blog |
| ra | Websites | Global Infrastructure Hub | GI Hub | https://www.gihub.org |
| ra | Podcasts & Videos | CRE Exchange | CRE | https://podcasts.apple.com/us/podcast/cre-exchange/id1551866999 |
| ra | Podcasts & Videos | America's Commercial Real Estate Show | Various | https://podcasts.apple.com/us/podcast/americas-commercial-real-estate-show/id1074862394 |
| ra | Podcasts & Videos | The Infrastructure Investor Podcast | PEI Group | https://www.infrastructureinvestor.com/podcast |
| ra | Podcasts & Videos | Crossroads: The Infrastructure Podcast | Various | https://podcasts.apple.com/us/podcast/crossroads-the-infrastructure-podcast/id1563598963 |
| ra | Newsletters | Brookfield Insights Newsletter | Brookfield | https://www.brookfield.com/ |
| ra | Newsletters | NAREIT Weekly | NAREIT | https://www.reit.com/ |
| ra | Newsletters | Real Estate Investment SmartBrief | SmartBrief | https://www.smartbrief.com/signUp/subscribe/landing?b=REI |
| ra | People to Follow | Jonathan Gray | Blackstone | https://x.com/blackstone |
| ra | People to Follow | Bruce Flatt | Brookfield | https://x.com/Brookfield |
| hf | Websites | AIMA Hedge Funds | AIMA | https://www.aima.org |
| hf | Websites | Preqin Hedge Funds | Preqin | https://www.preqin.com/insights |
| hf | Websites | Whale Wisdom | Whale Wisdom | https://whalewisdom.com |
| hf | Websites | Aurum | Aurum | https://www.aurum.com |
| hf | Websites | Savvy Investor Hedge Fund Hub | Savvy Investor | https://www.savvyinvestor.net/alternative-asset-classes/hedge-funds |
| hf | Websites | Wall Street Prep – Top Hedge Funds | Wall Street Prep | https://www.wallstreetprep.com/knowledge/top-hedge-funds/ |
| hf | Websites | Barclay Hedge | BarclayHedge | https://portal.barclayhedge.com/cgi-bin/indices/displayIndices.cgi?indexID=hf |
| hf | Websites | UNC IPC Hedge Fund Research | UNC Institute for Private Capital | https://uncipc.org |
| hf | Websites | SSRN | Social Science Research Network | https://www.ssrn.com |
| hf | Websites | The Hedge Fund Journal | The Hedge Fund Journal | https://thehedgefundjournal.com/ |
| hf | Websites | BlueMountain Investment Research – Who Is on the Other Side? | BlueMountain Capital | https://macro-ops.com/wp-content/uploads/2019/02/Who-Is-On-the-Other-Side.pdf |
| hf | Websites | Ken French Data Library | Dartmouth Tuck School | https://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html |
| hf | Podcasts & Videos | Capital Allocators | Ted Seides | https://capitalallocators.com/ |
| hf | Podcasts & Videos | Invest Like the Best | Patrick O'Shaughnessy | https://www.joincolossus.com/episodes |
| hf | Podcasts & Videos | FICC Focus | Bloomberg | https://podcasts.apple.com/us/podcast/ficc-focus/id1589459799 |
| hf | Podcasts & Videos | Odd Lots | Bloomberg | https://www.bloomberg.com/oddlots-podcast |
| hf | Podcasts & Videos | Unhedged | Financial Times | https://www.ft.com/unhedged-podcast |
| hf | Podcasts & Videos | The Long Short | AIMA | https://podcasts.apple.com/us/podcast/the-long-short/id1586662622 |
| hf | Podcasts & Videos | Top Traders Unplugged | Various | https://podcasts.apple.com/us/podcast/top-traders-unplugged/id888420325 |
| hf | Podcasts & Videos | Hedge Fund Huddle | LSEG | https://podcasts.apple.com/us/podcast/hedge-fund-huddle/id1652498564 |
| hf | Podcasts & Videos | The Contrarian Investor Podcast | Various | https://podcasts.apple.com/us/podcast/the-contrarian-investor-podcast/id1459155018 |
| hf | Newsletters | Institutional Investor Hedge Fund Daily | Institutional Investor | https://www.institutionalinvestor.com/ |
| hf | Newsletters | AIMA Hedge Fund Insights | AIMA | https://www.aima.org/ |
| hf | Newsletters | FT Unhedged | Financial Times | https://www.ft.com/unhedged |
| hf | Newsletters | Hedge Fund Alpha | Hedge Fund Alpha | https://hedgefundalpha.com/ |
| hf | Newsletters | WHALEWisdom | Whale Wisdom | https://whalewisdom.com/ |
| hf | Newsletters | Alternative Fund Insight | Various | https://alternativefundinsight.com/ |
| hf | People to Follow | Giuseppe Paleologo | Quantitative Research | https://x.com/g_paleologo |
| hf | People to Follow | Ray Dalio | Bridgewater Associates | https://x.com/RayDalio |
| hf | People to Follow | Bill Ackman | Pershing Square | https://x.com/BillAckman |
| hf | People to Follow | Stanley Druckenmiller | Duquesne Family Office | https://x.com/realstanley_d |
| hf | People to Follow | David Tepper | Appaloosa Management | https://x.com/DavidTepper65 |
| hf | People to Follow | Michael Burry | Scion Asset Management | https://x.com/michaeljburry |
| hf | People to Follow | Cliff Asness | AQR Capital | https://x.com/cliffordasness |
| hf | People to Follow | Ted Seides | Capital Allocators | https://x.com/tseides |
| hf | People to Follow | Zerohedge | Financial Commentary | https://x.com/zerohedge |
| hf | People to Follow | Joe Dowling | Blackstone | https://x.com/JoeDowling |
Curated selection of high-signal resources. Updated quarterly.
Back to top
No resources available in this category.
Primer
## Bookshelf
The Bookshelf
Essential reading across alternative investments. From pioneering portfolio theory to the evolution of private capital markets.
| Title | Author | Category | Cover | Amazon Link |
| --- | --- | --- | --- | --- |
| Pioneering Portfolio Management | David Swensen | Asset Allocation |  | https://www.amazon.com/dp/1416544690 |
| Asset Allocation: Balancing Financial Risk | Roger C. Gibson | Asset Allocation |  | https://www.amazon.com/dp/1260026647 |
| The Intelligent Asset Allocator | William Bernstein | Asset Allocation |  | https://www.amazon.com/Intelligent-Asset-Allocator-Portfolio-Maximize/dp/1260026647/ref=sr_1_1?crid=3EIMR2JXI1F81&dib=eyJ2IjoiMSJ9.jYgbgp5FIy0Y81YaB0k4SKt6uttJM0kJ31XqjHMa02OYuynQTOzdXis_L35kBp7KZZwB9sa05XRyFXEIqzeBmBzsYBerzykr4m5c64vhpjY.3pV9rPghF4Ke56E5TIFO0I1J639SdY7V5tQaXpK7yDI&dib_tag=se&keywords=the+intelligent+asset+allocator+by+william+bernstein&qid=1770472989&sprefix=THE+INTELLIGENT+ASSET+%2Caps%2C317&sr=8-1 |
| Barbarians at the Gate | Bryan Burrough & John Helyar | Private Equity |  | https://www.amazon.com/dp/0061655554 |
| Money Machine: A Trailblazing American Venture in China | Weijian Shan | Private Equity |  | https://www.amazon.com/Money-Machine-Trailblazing-American-Venture/dp/B0C15NTSY7/ref=sr_1_1?crid=1AOUQ4655REIE&dib=eyJ2IjoiMSJ9.nXxUtOSo_Cc7212hq6U0C1QVvTvx7UvULzxjz_PLSHpUmMhf5jUADsb8UXaH7dqCEoL7krINaCmu6WdtyOnVCQ.RMew506DS2Dj6R0IY3HlUF9F8NZ0jOcBzlNXUCeFzpw&dib_tag=se&keywords=money+machine+by+shan&qid=1770472815&sprefix=money+machine+by+shan%2Caps%2C419&sr=8-1 |
| Money Games: The Inside Story of Private Equity in China | Weijian Shan | Private Equity |  | https://www.amazon.com/Money-Games-Inside-American-Dealmakers/dp/B09DJ9DW1P/ref=sr_1_1?crid=1GEVTVLUKVBQR&dib=eyJ2IjoiMSJ9.AVEw6HZ0mdNwL8WWwOErpRXot9-Kl-PL_YP6a13HLf0.f3KKVr4GJc1zjvLUMmyeN-nLtFrL3zzWHkW8Cxjl8EA&dib_tag=se&keywords=money+game+by+shan&qid=1770472871&s=audible&sprefix=money+game+by+sh%2Caudible%2C361&sr=1-1 |
| Patient Capital | Victoria Ivashina & Josh Lerner | Private Equity |  | https://www.amazon.com/Patient-Capital-Challenges-Long-Term-Investing/dp/0691186731/ref=sr_1_1?crid=GYW9FVITY7J6&dib=eyJ2IjoiMSJ9.fyT-H_6lsOPBB5G5DLGQIpGe2TpTCnLsXOJMUSsHUYiDQwyMdSvdovK7o3yDRxGUX9LRS8ZQrNe_pjoZtIksEQESemGIIeu5vxclkJQjOtBbXX7WEjC3Z4xEmnr17Gn1.syjEuzwlHWZ9O5BIMMLSKDns6_jTQJR0_PbSRESbZFs&dib_tag=se&keywords=patient+capital+by+josh&qid=1770472945&s=audible&sprefix=patient+capital+by+jos%2Caudible%2C317&sr=1-1 |
| The Power Law | Sebastian Mallaby | Venture Capital |  | https://www.amazon.com/Power-Law-Venture-Capital-Making/dp/052555999X |
| Zero to One | Peter Thiel | Venture Capital |  | https://www.amazon.com/Zero-One-Notes-Startups-Future/dp/0804139296 |
| Secrets of Sand Hill Road | Scott Kupor | Venture Capital |  | https://www.amazon.com/Secrets-Sand-Hill-Road-Venture/dp/059308358X |
| VC: An American History | Tom Nicholas | Venture Capital |  | https://www.amazon.com/VC-American-History/dp/0674248600 |
| Private Debt: Opportunities in Direct Lending | Stephen L. Nesbitt | Private Credit |  | https://www.amazon.com/Private-Debt-Opportunities-Corporate-Direct/dp/1119283329 |
| Private Credit Markets: Structure, Growth, and Risks | Elyse D. Cherry | Private Credit |  | https://www.amazon.com/Private-Credit-Markets-Elyse-Cherry/dp/1032517883 |
| Infrastructure as an Asset Class | Barbara Weber & Hans Wilhelm Alfen | Infrastructure & Real Assets |  | https://www.amazon.com/Infrastructure-Asset-Class-Investment-Management/dp/0470685999 |
| Infrastructure Investment: An Engineering and Asset Management Approach | David Parker | Infrastructure & Real Assets |  | https://www.amazon.com/Infrastructure-Investment-Engineering-Management-Perspective/dp/1783470755 |
| King of Capital | David Carey & John E. Morris | Real Estate |  | https://www.amazon.com/King-Capital-Remarkable-Rivalry-Reshaped/dp/0307886026 |
| Real Estate Finance and Investments: Risks and Opportunities | Peter Linneman | Real Estate |  | https://www.amazon.com/Real-Estate-Finance-Investments-Opportunities/dp/0692890947 |
| More Money Than God | Sebastian Mallaby | Hedge Funds |  | https://www.amazon.com/More-Money-Than-God-Hedge/dp/0143119419 |
| When Genius Failed | Roger Lowenstein | Hedge Funds |  | https://www.amazon.com/When-Genius-Failed-Long-Term-Management/dp/0375758259 |
| Advanced Portfolio Management | Giuseppe Paleologo | Hedge Funds |  | https://www.amazon.com/Advanced-Portfolio-Management-Fundamental-Investors/dp/1119789796 |
| Risk Parity Fundamentals | Edward Qian | Hedge Funds |  | https://www.amazon.com/Risk-Parity-Fundamentals-Edward-Qian/dp/1138597392 |
## Footer
Rui’s Alternatives Notebook
:icon-book-open:
A personal curation of the best thinking in alternative investments. Built for allocators, by allocators.
Have suggestions or questions? Reach out via email or X — I'd love to hear from you.
© 2026 ModernDoggyCentral. All rights reserved.
Free to Access
| Icon | Link |
| --- | --- |
| :icon-mail: | mailto:moderndoggycentral@gmail.com |
| :icon-twitter: | https://x.com/ModDoggyCentral |
| Label | Link |
| --- | --- |
| Why Alternatives? | #intro |
| Asset Classes | #asset-classes |
| Resources | #resources |
| Label | Link |
| --- | --- |
| Privacy Policy | # |
| Disclaimer | # |
**Educational Use & Fair Use Notice:** This website curates publicly available resources including articles, research papers, podcasts, and other educational materials for informational and educational purposes only. All content is linked to original sources with proper attribution. This curation falls under fair use principles. If you believe any content infringes on your rights, please contact us for immediate removal.
**Not Financial Advice:** The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Alternative investments involve substantial risks including loss of principal, illiquidity, and lack of transparency. Past performance is not indicative of future results. Always consult with qualified financial, legal, and tax professionals before making any investment decisions. The views expressed are those of the cited authors and do not reflect the opinions of this website's creator.