Private Equity Is Considered a Very Risky, Non-Liquid Investment Vehicle

Private equity is considered a very risky, non-liquid investment vehicle for which of these reasons?

A) Many institutions that are bought will never be successful and only half of all start-ups survive.
B) Most established institutions that are bought out will be profitable, but very few start-ups will survive.
C) People who are unfamiliar with private equity tend to make poor investments in this arena.
D) The riskiness of investing in troubled businesses or start-ups is compounded by so-called "dumb money."