Members buying what they know
Tiger 21 said in a statement that its members were capitalizing on their personal experience in private equity in the belief that “over the long term it represents some of the best opportunities to preserve and build capital.”
Real estate has also seen a big comeback, clocking up the largest increase in allocation over the past year with a five-percentage-point rise. Holdings began to climb from the second quarter of 2011, and hit 24 per cent by the fourth quarter.
Tiger 21 cited tax advantages as well as opportunities in distressed real estate as some of the drivers behind this trend, as well as members’ own knowledge of the sector, as many had created wealth in real estate in the past and had the wherewithal to evaluate these investments.