Millennials pile into alternative assets. Where are they investing?

Millennials are pouring more of their money into alternative assets, such as private equity and venture capital, in a seismic shift which marks a break from long-established investment trends. October analysis by Goldman Sachs Asset Management shows millennials' appetite for growth opportunities — particularly around technology and healthcare developments within private markets and venture capital — is driving this push into alternatives. Alternative investments, which also include real estate and hedge funds, now make up about 20% of millennials' investment portfolios on average, according to Goldman data. That's a significantly higher portion compared to alts exposure among Gen X and Boomers, which totaled about 11% and 6%, respectively. The study, which surveyed 1,000 high-net-worth inv