Definition

Alternative Investments

Asset classes outside traditional public equities and fixed income. CJ Follini identifies 14 major categories: real estate (with seven commercial subcategories — logistics/warehouse, data centers, healthcare, senior housing, multifamily, retail, office), private equity, early-stage venture capital, secondaries, fine art, farmland/AgTech, infrastructure, hedge funds, commodities, timber, royalties, structured credit, and digital assets. Historically restricted to institutional investors and ultra-high-net-worth families due to due diligence complexity, illiquidity, and accreditation requirements. Platforms like Masterworks (fine art) began democratizing access; CJ's Noyack is building AI-native infrastructure to extend access to all 14 asset classes for individual investors.

From the episode “Millennials Will Inherit Trillions”