Private Funds

A private fund pools capital from investors and is managed according to a defined strategy, but is not listed or traded on a public stock exchange. Investors hold units in the fund, and the manager makes investment decisions within the fund's stated mandate.

Private funds can reach opportunities that are difficult to access through listed markets — including alternative assets and early-stage sectors — but they are typically less liquid and less transparent than publicly traded investments.

Holding several strategies can reduce reliance on any single market or theme. Within a wider portfolio, private funds can add sources of return that behave differently from listed shares and bonds.

Diversification does not remove risk. Alternative and high-growth strategies can fall in value together, particularly in stressed markets.

• Units may be difficult to sell, and redemptions may be restricted or suspended
• Valuations may be made periodically and involve judgement
• Fees and costs vary by fund — read the documentation in full
• Capital is at risk and returns are not guaranteed