BIP Capital says RIAs cap private equity allocations based on 10 — year liquidity budgets
Bip Capital analysis urged RIAs to size private equity by liquidity budgets, not return targets, given decade-long capital lockups. Average advisory-client alternatives allocation stood at 2.3% in 2024, versus 16.8% private equity at endowments in FY2025. Lower cash returns raised liquidity risk: private equity distrib