This second volume of Working Papers on the Globalization of Alternative Investments is being launched in conjunction with our Annual Meeting 2009 in Davos-Klosters, where a key track of the meeting will focus on promoting stability in the financial system and reviving global economic growth. In this context, the Forum will also release another report – entitled The Future of the Global Financial System – A Near-Term Outlook and Long-Term Scenarios. These two efforts provide complementary perspectives on aspects of the current crisis. The latter gives a broad overview of the current market dynamics and possible long-term implications across a wide variety of players and financial institutions. This volume, along with Volume 1 of the Working Papers, goes into particular detail about alternative investments, notably private equity, and the role they play in the global economy.