Answer: May encompass both tangible and intangible assets.

Alternative investments are categorized into three primary groups: Private Capital, Real Assets, and Funds. Real assets, a subset of alternative investments, can include both tangible assets (e.g., fine art, antique furniture, automobiles, stamps, coins, and other collectibles) and intangible assets (e.g., patents and litigation actions). Therefore, the correct answer is C, as alternative investments may include both types of assets.

Author: LeetQuiz Editorial Team