EQV’s Private Investment Philosophy: Building Portfolios for the Long Run
Private market investments should be a core component of a long-term portfolio strategy. Not a nice-to-have. Not an afterthought. Core.
Why? Because private markets give you access to opportunities unavailable in public markets—and they force a different mindset. When you can't check the price every day, you focus on what actually matters: long-term outcomes, not short-term noise.
Consider the scale: roughly 81% of companies with more than $100M in revenue are private. Private companies number in the millions while public markets have shrunk to approximately 4,000 listed companies. The opportunity set is simply larger—and most investors are barely fishing in it.
Source: Slok, Torsten. “Public Markets Are a Shrinking Part of the US Economy.” Apollo. February 7, 2026.Our Core Tenets
Diversification matters. Timing doesn't.
Timing public markets is hard. Timing private markets? Even harder. We don't try. Instead, we build diversified portfolios across vintage years, geographies, sectors, and strategies. Effective asset allocation smooths volatility and captures the illiquidity premium that makes private investing attractive.
Access has evolved—dramatically.
The private markets of ten years ago required millions to enter. Today, semi-liquid registered funds have opened doors for investors who don't want to lock up capital for decades. Structure innovation has made these asset classes more accessible, transparent, and operationally streamlined.
Institutional quality without institutional bureaucracy.
We focus on managers with demonstrated track records and defensible strategies. By "institutional quality," we mean established platforms with proper infrastructure—clean audits, reputable service providers, robust risk management. We're not chasing unproven managers or taking unnecessary operational risk. We want partners who've been tested.
One size fits nobody.
As a multi-family office, we don't believe in off-the-shelf solutions. Every family has different goals, liquidity needs, tax situations, and risk tolerances. Our job is to build bespoke portfolios that reflect those realities—not sell products.
How We Build Private Portfolios
Core-Satellite Construction
We use a core-satellite approach. The "core" delivers diversified exposure designed to outperform public markets over time. For many clients, these funds (typically referred to as evergreen, access, or fund of funds) serve as an efficient onramp—providing liquidity features and broad diversification while gaining experience in the asset class. As comfort grows, we can move up the complexity spectrum.
The "satellite" complements the core with targeted opportunities: direct funds, direct co-investments, sector-specific funds, or opportunistic strategies. In certain areas—like early-stage venture capital—we use multi-manager platforms to access otherwise inaccessible GPs where producing top-decile performance is paramount.
Outcome-Based, Tax-Efficient Strategies
Beyond capturing the illiquidity premium, private markets offer structural advantages unavailable in public investing—tax optimization, capital gain treatment, strategic exit timing. These aren't just nice features; they can meaningfully improve after-tax returns.
The Bottom Line
Private markets aren't for everyone. They require patience, commitment, and trust. But for families building wealth across generations, they're essential.
Our job is to bring institutional sophistication without the institutional hassle—combining decades of experience with the personalized service families deserve. We source opportunities, conduct rigorous due diligence, construct portfolios, and monitor ongoing performance so you don't have to.
— Jon Autry, CAIA
Director of Private Investments
EQV Advisory
EQV Advisory is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about EQV’s investment advisory services can be found in its Form ADV Part 2 and/or Form CRS, which is available upon request.