John Crabb The Holy Grail of Alts Managers: Turning an Illiquid Asset Into a Liquid One Tie-ups between traditional managers and private equity firms enable both to quickly tap retail investors. But the big questions about the new crop of funds remain. John Crabb February 10, 2025 Blocks of Ice With water Drops close-up. Aleksandr Grechanyuk/Getty Images/iStockphoto