Michael Dell is reportedly moving his $16 billion portfolio from stock picking to private markets
The move represents one of the biggest changes to the firm's investing strategy in years, though Dell will still be exposed to stock moves through passive investments and his position in Dell stock. The $16 billion figure doesn't include the Dell founder's shares of the computer company, according to The Journal.
The record-long market run has also driven more cash to private markets, where investors look to buy into promising startups as early as possible. Anprevented numerous firms from entering public markets through the last half of the year, and the trend could boost calls for private investment in the short term.
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