Alicia McElhaney’s Post

One example of GIC's "rifle shot then cannonball" approach: The sovereign wealth fund opened its first office abroad in New York 40 years ago, to see if a local presence would lead to better investments. Now, it has 11 offices globally, including two in the U.S. Read more about the fund and its approach in Alicia McElhaney's latest feature for Institutional Investor: #assetmanagement #investing #alternativeinvestments

In the movie, The Patriot, there's a famous line that states "Aim small, miss small". We wonder if the GIC #SWF of Singapore had this quote in mind when testing new #allocation strategies globally. According to Eric Wilmes, GIC's President of the Americas, the rile shot before a cannonball is working for their experiments. See what else the fund has planned for the next 40 years from Institutional Investor. Here at Vidrio we love this approach and getting #allocator teams in the field to build networks and follow trends. If you're a #SWF looking to innovate your #datamanagement controls, #riskmonitoring, and portfolio analytics schedule a demo with Vidrio(dot)com. We're helping some of the largest allocators scale by providing an all-in-one solution for a new class of multi-asset class investors. How GIC’s Cautious Experimentation Is Paying Off https://hubs.li/Q02G136f0 Temasek Monetary Authority of Singapore (MAS) #sovereignwealthfund #privatemarkets #alts

In the movie, The Patriot, there's a famous line that states "Aim small, miss small". We wonder if the GIC #SWF of Singapore had this quote in mind when testing new #allocation strategies globally. According to Eric Wilmes, GIC's President of the Americas, the rile shot before a cannonball is working for their experiments. See what else the fund has planned for the next 40 years from Institutional Investor. Here at Vidrio we love this approach and getting #allocator teams in the field to build networks and follow trends. If you're a #SWF looking to innovate your #datamanagement controls, #riskmonitoring, and portfolio analytics schedule a demo with Vidrio(dot)com. We're helping some of the largest allocators scale by providing an all-in-one solution for a new class of multi-asset class investors. How GIC’s Cautious Experimentation Is Paying Off https://hubs.li/Q02G10rn0 Temasek Monetary Authority of Singapore (MAS) #sovereignwealthfund #privatemarkets #alts

The #Singapore #SovereignWealthFund sees Europe as a viable #Investments and expects to increase holdings over the next five years. This is predominantly due to the stability of the broader market and the opportunity for #Growth in the region. While sovereign #Wealth funds continue to expand, there are still #InvestmentOpportunities open to investors here. Contact one of our consultants to learn more. Quant Capital Markets | Your Trusted Partner | https://lnkd.in/d5UK84h | 020 3950 7343 | info@quantplus.co.uk https://lnkd.in/eQesDJhC #AlternativeInvestments #AlternativeInvesting #Investing #WealthCreation #WealthPreservation #WealthManagement #FixedIncome #PreIPO #EIS #QuantCapitalMarkets

"Singapore’s GIC, one of the world’s largest institutional investors, has warned that the golden age for private equity firms has 'come to an end'... 'Many of the things that were tailwinds for the private equity industry have come to an end . . . and I don’t think they are coming back any time soon,' said Chief Investment Officer Jeffrey Jaensubhakij, citing the lucrative mix of high valuations, lower leverage costs and low interest rates of the past few years. 'Today, unfortunately, there’s both a supply and demand problem,' he added, referring to the number of assets available at a reasonable price and the number of investors wanting to put money into the asset class." Mercedes Ruehl, Singapore’s GIC warns of the end of an era for private equity—Sovereign fund says high valuations, lower leverage costs and low interest rates are ‘not coming back any time soon’, Financial Times, 26 July 2023, https://lnkd.in/gwycCj2c

Singapore’s #sovereign fund GIC, one of the world’s largest institutional investors, has warned that the golden age for private equity firms has “come to an end”. https://lnkd.in/dtxvciVU #privateequity #unlistedshares #equity #funds #investments

Sharing some of our observations from an eventful first half of 2023, with the Asia Pacific region finally coming out from the shadows of three years of COVID-19 disruption. Looking forward, the landscape remains challenging for the private funds community in Asia. #assetmanagement #privatecapital #privateequity #privateinvestmentfund Vincent Ip

The Financial Times's recent coverage of the potential majority investment by BlackRock into one of private equity's largest and most storied funds, Warburg Pincus LLC, is newsworthy on a number of levels. (1) BlackRock purchased Barclays Global Investors in 2009 to help accelerate their push that has led them to a pole position in passive investing and the ETF industry. A majority investment or partnership with Warburg Pincus LLC could have given them a similar position in private markets. The fact that BlackRock explored an investment or partnership with one of private equity's leading firms should signal that they view private markets as a major growth area. BlackRock has already made a major move in the alts space, investing in iCapital back in 2016, signaling the growing importance of the wealth channel's participation in alts. (2) This news is part of the broader trend of traditional asset managers looking to acquire alternative asset managers. Financial Times's Antoine Gara, Brooke Masters, Harriet Agnew, Arash Massoudi mention a few firms - Franklin Templeton, AllianceBernstein, & T. Rowe Price acquiring alternative asset managers. As traditional asset managers look to expand their offerings, in particular to be able to better serve the wealth channel's growing appetite in allocating to private markets, they will continue to acquire or take stakes in alternative asset managers. As larger alternative asset managers look to grow AUM and client relationships (and look to public markets), like the article mentions about CVC Capital Partners & General Atlantic considering IPOs, they will also look to acquire specialist managers or strategies to add to their diversified platforms. I anticipate we'll see a lot more consolidation in private markets over the coming years as the big get bigger. And the biggest will continue to find ways to get into alts. https://lnkd.in/g9BjEyUy

"There appears to be something of a trend towards "perpetual" fund structures that are designed to surmount some of the obstacles for accessing more traditional forms of private market investing" - A compelling article by Family Wealth Report and Simon Jennings. Key highlights: 1️⃣ "Private clients should have access to the same quality of private markets investments as institutional investors". 2️⃣ This sort of product (perpetual structures), "produced at scale and well-diversified, is winning the attention of big institutions, and that sort of mindset ought to appeal to private clients as well". 3️⃣ "While more firms are staying private or de-listing from public markets, rules about investment suitability for retail clients mean that areas such as private equity, private credit, and venture capital, for example, are largely deemed off-limits" 4️⃣ There has been a rise of this perpetual structures outlined by players like Blackstone, Hamilton Lane, Partners Group or Andreessen Horowitz. It's becoming more and more clear that the private markets are expecting to undergo a structural shift. What funds or companies will lead the force of change? #PrivateMarkets #PerpetualFunds #PrivateEquity #PrivateCredit #VentureCapital #FamilyWealthReport #InvestmentTrends