Alternatives Purpose Analyze alternative investments including hedge funds, private equity, and venture capital. This skill covers strategy classification, fee structure analysis, performance metrics unique to alternatives (IRR, TVPI, DPI), the J-curve effect, illiquidity premiums, and the critical due diligence considerations for evaluating alternative investment managers. Layer 2 — Asset Classes Direction both When to Use - User asks about hedge funds or hedge fund strategies - User asks about private equity, buyouts, or growth equity - User asks about venture capital investing or VC metric…