WELCOME TO OUR MONTHLY NEWSLETTER.
Our monthly newsletter is designed to serve as your primary source for navigating the world of alternative investments.
This month, we released our 
, including five alternative investment ideas we believe are well suited for the current market environment.
1. Private Equity Buyout: In the first half of the year, we have seen the valuation reset in the private equity buyout market start to take effect, offering investors an attractive entry point.
2. Distressed Private Credit: As companies continue to face higher borrowing costs and tighter loan standards, we see a window of investing opportunity in distressed private credit.
3. Opportunistic Real Estate: With a wall of looming loan maturities approaching, property managers will seek near-term refinancing at higher rates, providing an appealing backdrop for opportunistic real estate.
4. Macro Hedge Funds: The high-rate environment has also been conducive to macro hedge fund strategies, which are often able to take advantage of periods of heightened volatility within global interest rates, foreign exchange, and inflation.
5. Structured Investments: Terms remain attractive in the high-rate environment, offering investors exposure to the equity markets, while maintaining partial downside protection.
As we approach the final quarter of 2023, we continue to see unique investment opportunities– and believe now is still the time to commit.
Steve Houston
Managing Director,
Head of Investment Solutions
CHART OF THE MONTH
SPOTLIGHT: BEYOND 60/40: EPISODE 7
, iCapital Chief Investment Strategist, discusses the importance of maintaining focus throughout market cycles with 
, Senior Portfolio Strategist at 
; and iCapital Chief Product Officer 
shares how new portfolio construction tool, Architect, empowers financial advisors.
MONTHLY MARKET ROUNDUP
Kathleen McCarthy, Global Co-Head of Real Estate, explains what the headlines are missing when it comes to commercial real estate today.
Hamilton Lane investigates how the performance of the private markets changes during different inflationary and growth environments relative to public markets.
Blue Owl Co-President and Head of Credit, Craig Packer, checks in on his key themes and opportunities for direct lending markets in 2023.
Goldman Sachs and Co-Founding Partner and President of Balyasny Asset Management, L.P. discuss the recent hedge fund trends where they see current investment opportunities.
IN CASE YOU MISSED IT
What are the drivers behind private equity’s outperformance of public equity markets? We break down how buyout managers add value to their portfolio companies. 
.
Learn how non-traded REITs can offer investors tax-advantaged income and portfolio diversification. 
.
Qualified Opportunity Funds offer investors real estate exposure with tax benefits. 
.
MONTHLY ALTS PULSE: EPISODE 4
iCapital Chairman and CEO 
shares his thoughts on consolidation in the RIA channel and the role of alternative investments with 
, Co-Founder and Partner at Broadhaven Ventures, in the latest episode of 
.
PODCAST: BLOOMBERG SURVEILLANCE
Catch iCapital Chief Investment Strategist on the Bloomberg Surveillance Podcast, where she discusses investment opportunities in artificial intelligence (AI) with hosts Tom Keene, Jon Ferro, and Lisa Abramowicz.
NEW AT iCAPITAL
Explore our new suite of structured investment insights and education materials to learn how to add enhanced upside potential to portfolios while mitigating downside risk.
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