Private equity as an asset class is one of the longest-term strategies. Setting up a solid top-down framework, resilient to market evolutions, is key to successful private equity portfolio construction. Building a proven private equity portfolio is not about timing markets, but about identifying the best ideas within that framework - at any point in time. It should be bottom up in approach, while following the course set by the long-term strategy. Surely, one wants to be nimble within continuously evolving market conditions. Yet remaining steady and...