Re: Can you invest in a private equity/VC fund?
VC funds are available to few investors. I have a family member in the industry and can't participate.
First an investor needs to be able to commit substantial $,$$$,$$$ over an extended period, and to deliver on that commitment at the drop of a hat.
Because VC managers are busy developing the businesses they have little time to hold the hands of their investors.
The firms they are developing often have very closely held business plans - not suitable for 'sunshine' disclosure (which is why some public pension plans are closed out).
Not all funds are winners. They are a form of a closed end fund. They disburse irregularly in either $ or stock.
Lastly, these funds have a lot of overhead, aka expenses ("carry" as they say in the industry).
Oh, I should add that having substantial net worth is not enough. If an investor is high maintenance (write your own definition) they don't get in. Sometimes, even in investing, being nice has value.
(edited for typo)