Investing in Private Equity
To give you some background, I recently inherited around $2.0 million from my passed grandfather. I am looking into investing this money, but am rather skeptical of the market at the moment, and bond yields are very low. Of course, I will still diversify some money into those two, but I would like to look elsewhere as well.
I would like to invest around $500,000 - $1,000,000 in private equity. I think a Fund of Funds is my best option due to the diversification they provide, in addition to me not being an accredited investor. That leads me to my next question, what is the accreditation requirement for investing in Fund of Funds? I am also open to investing in a a good PE firm that has diversified investments, but I have had little luck in finding any MM firms that take such small investment amounts.
What is the accreditation requirement for investing in FoF's? Does anyone know of any good Private Equity FoF's to invest in? What is their minimum amount? What are generally returns for PE FoF's? What are fee structures like?
Thanks a lot everyone. Any advice is appreciated!