This video by Arif Irfanullah provides a very clear conceptual understanding of the alternative investments: venture capital and hedge funds as a part of the CFA Level 1 syllabus. This video talks about:

• Venture Capital Investing
• Venture Capital Investment Characteristics
• Venture Capital Valuation and Risk
• Hedge Funds
• Classification of Hedge Funds
• Fund of Funds Investing
• Risks of Hedge Funds
• Hedge Fund Performance, Indexes and Biases