Alternative Quarterly Commentary – Q3 2023

2023-12-14T17:04:38+00:00

Alternative Trust Update: The goals of the Alternative Trust are to generate attractive risk-adjusted returns using private investment opportunities so investors can reduce their dependence on public market investments. During the third quarter of 2023 the trust was higher by approximately 1.4%. Returns from private real estate and hedge funds were higher during the quarter, and strong enough to offset mixed results in private equity. During the quarter, the trust realized two notable exit transactions and made a small number of carefully thought-out new investments. The trust also experienced a more familiar pace of general transaction activity on the part of its investments, with capital being harvested from older vintage partnerships and called to newer vintage deals earlier in their investment periods which we view as positive. September also marks the trust’s final month as a “child” and of its transition to teenagerhood in October.