Our matrix mapping of illiquid long-term assets across secular and structural disruption risk factors is designed to help investors better understand disruption risk over varying investments and their lifecycles.

Our framework presents a strategic mapping of secular risk exposure across illiquid and long-term investment strategies, including venture capital, private equity, direct, and infrastructure investments. By assessing sensitivity to eight structural forces—such as geopolitical fragmentation, demographic transitions, policy shifts, macroeconomic volatility, technological disruption, social trends, financial system linkages, and climate change—the matrix helps both investors identify vulnerabilities and opportunities. It supports forward-looking portfolio construction, robust risk governance, and informed capital allocation in a rapidly evolving global landscape. 

A well-constructed portfolio of illiquid assets should balance exposure to secular risks by complementing traditional diversification with deliberate secular risk diversification.