In an article from WealthManagement.com, Josh Cohen discusses the Department of Labor’s (DOL’s) new due diligence processes that plan fiduciaries should consider when evaluating PE as part of professionally managed asset allocation portfolios. “Whether it's private equity or any of the more illiquid asset classes, including things like real estate, and even some hedge funds, the two biggest issues you always have to worry about are: 1) pricing; and 2) liquidity,” says Cohen.