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 distributions were about 17% of NAV in 2025, below a 10-year 26% average.
• Semi-liquid redemption limits can bind under stress; 10 of 16 tracked non-traded BDCs saw requests above 5% quarterly caps in Q2 2026.
• Manager selection was flagged as the swing factor; research found weak post-2000 buyout persistence, while venture capital persistence held.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bip Capital LLC published the original content used to generate this news brief on October 13, 2026, and is solely responsible for the information contained therein.