No longer the exclusive domain of institutional investors, private investments are increasingly playing an important role in the portfolios of individual investors. Michael Bell, CEO of Meketa Capital, explains how the traditional barriers to entry have been lowered and how RIAs and their clients can access private markets more efficiently to move beyond the limitations of the traditional 60/40 portfolio.

Why have RIAs been slow in adopting private market investments?

RIAs face a variety of challenges when adopting private market investments. The first challenge is understanding private market investing. Advisers have a duty to make sure that investments are suitable for their clients, which means education, not only the details of products going into portfolios, but the broader characteristics of different private market asset classes. Education takes time and advisers, understandably, want knowledge before implementation.

The second challenge