Neha Champaneria Markle, head of Morgan Stanley Private Equity Solutions, sits down with Kristen Kelly and Jen Saarbach at The Wall Street Skinny, to discuss her career path and how her team invests across private equity through fund investments, co‑investments, and secondaries. On this episode, Neha shares her perspective on how private equity has evolved and why middle‑market strategies can offer attractive risk‑adjusted opportunities. She also addressed trends such as democratization of private markets, the role of secondaries and semi‑liquid structures, and current challenges around valuations, fundraising, and distributions, emphasizing long‑term value creation and alignment of interests.
Risk Considerations
Alternative investments are speculative and include a high degree of risk. Investors could lose all or a substantial amount of their investment. Alternative investments are suitable only for long-term investors willing to forego liquidity and put capital at risk for an indefinite period of time. Alternative investments are typically highly illiquid—there is no secondary market for private funds, and there may be restrictions on redemptions or assigning or otherwise transferring investments into private funds.
Alternative investment funds often engage in leverage and other speculative practices that may increase volatility and risk of loss. Alternative investments typically have higher fees and expenses than other investment vehicles, and such fees and expenses will lower returns achieved by investors.
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