Goldman Sachs Private Wealth Management’s Post

In a recent op-ed for WealthManagement.com, Anushka Gupta, head of Goldman Sachs Apex in the Americas, shared her perspectives on the investment themes she is seeing across family office clients, including artificial intelligence, private real estate, the sports ecosystem, and the energy transition. On the trend across these specific themes and what this means for investors, she shared: “Many of the investing themes family offices focus on are best suited for long-term patient capital. That trend can surely be expected to continue, creating investment opportunities as new sectors and companies mature. Investors seeking the next big megatrends should watch the moves of family offices, an increasingly active and important force in the investment community.” Read more insights here: http://ms.spr.ly/6041lDIlX

Monica Heslington, head of the Goldman Sachs Family Office Art and Collectibles Strategy practice, recently sat down with Finews to discuss how we provide our clients with a holistic approach to wealth management by delivering guidance and insights on topics beyond traditional investment management offerings, including art and collectibles. On some of the biggest challenges in providing this service to art collectors, Monica shared: “There is no standard, off-the-shelf approach to collecting. Due to the emotional aspects of collecting art, each situation is different and requires tailoring our guidance accordingly. We need to be sensitive to the fact that financial efficiencies might not always be the top priority and need to be balanced with other personal considerations and preferences.” Read more insights: http://ms.spr.ly/6042lBIdQ

Networking is a powerful tool women can leverage to build trusted connections that can be invaluable resources, especially when looking for a sounding board for new opportunities. How do you go about creating strong networks, while also fostering long-lasting, authentic relationships? Here are a few ways you can maximize access to those genuine connections when it matters most. 1. Exchange expertise: Networking shouldn’t feel transactional. It’s an opportunity to share knowledge and exchange ideas in ways that feel balanced, so you not only lift other women up but build valuable relationships in the process. 2. Learn from the best: Reach out to investors and entrepreneurs, both within and outside of your industry, who can expand your knowledge base and give you helpful perspective on projects. It’s important to build a circle of women who complement your own strengths and weaknesses. 3. Talk openly: Use your network as a safe space to strategize and have vulnerable discussions with peers and those with more experience than you. They can offer constructive feedback to help fine-tune your business plan or sales pitch. Read more about how to tap into the long-term benefits of women-led networks: http://ms.spr.ly/6046YAbPC

We recently hosted ~120 of our family office clients and members of our broader network at our annual Asia Apex Family Office Symposium in Hong Kong. The day consisted of impactful sessions with thought leaders on a range of timely topics, including global economic and geopolitical outlook, hedge fund and private equity investments, artificial intelligence, global capital markets, and more. Here are a few insights from the sessions: • Angad Banga, chief operating officer of The Caravel Group, and Ronna Chao, chief executive officer of Novel Investment Partners Limited, shared their experiences building and sustaining multi-generational family offices: “You need to give your team enough freedom to run it like an actual business,” said Angad. • Stephanie Hui, head of Goldman Sachs Asia Pacific Private Investing & global co-head and co-chief investment officer of Growth Equity, discussed growth opportunities as it relates to private equity in Asia: “Asia is still the biggest growth driver globally with significant potential… Technology advancement underpins future development, and ‘catching up’ is the theme.” • Jared Cohen, president of Global Affairs and co-head of the Goldman Sachs Global Institute, shared insights on the attributes of geopolitical swing states that could determine the future of the international balance of power: “These countries have differentiated parts of their supply chains; disproportionate amounts of capital and willingness to deploy it around the world; and are uniquely suited for nearshoring, offshoring, or friendshoring.” Thank you to everyone who joined us!

Kristin Olson, global head of the Alternative Capital Markets Group, joined CNBC’s “Closing Bell” to discuss the current private market environment and the opportunities we are seeing for our clients. In a discussion around why private markets remain an attractive investment area for our clients, she shared: “The objective for our clients is how can they achieve differentiated sources of return from public equity and public fixed income, how can they add uncorrelated sources of return, and most importantly, how can they drive alpha or outperformance versus the returns they are getting in public liquid markets.” Watch the full interview: http://ms.spr.ly/6047YFCWh

Nishi Somaiya, global head of Private Banking, Lending and Deposits, recently spoke with Reuters about our growth ambitions for our lending business, as well as how we support our clients through strategic borrowing to help them open up opportunities to deploy their wealth more efficiently. On the access that we provide our clients to our lending platform, she shared: "We can provide them leverage often against illiquid assets, if they need lending for an acquisition - home, hobby, another company, sports team - or want to use a margin loan against securities to invest more.” Read more from Nishi’s interview: http://ms.spr.ly/6040YxKnI

Sara Naison-Tarajano, global head of Private Wealth Management Capital Markets and Goldman Sachs Apex, recently joined Bloomberg’s “The China Show” with David Ingles and Annabelle Droulers to discuss how we’re advising family office clients in the face of volatility and an election year in the US. On how we are guiding our family office clients to weather potential volatility, she shared: “As you think about what’s going on in the world, it feels like the right trade is to stay long equities, but think about adding inexpensive protection to stomach what may be some volatility going into the summer or the US election. If the market keeps going up, you’ve purchased an insurance policy.” Sara also discussed how our family office clients are thinking about alternatives as part of a well-diversified portfolio: “Family offices who have a lot of experience with illiquid assets are comfortable with the illiquidity of alternatives. They are interested in where they can create access to alternatives and doing it in the private equity part of the market that doesn’t mark-to-market.” Watch their full conversation: http://ms.spr.ly/6043YvF5T

In a recent roundtable moderated by co-head of global Private Wealth Management John Mallory, global leaders across Goldman Sachs Apex including Sara Naison-Tarajano, Ling Pong, Anushka Gupta, and Darren Allaway discussed the topics that are top of mind for family offices today and where they see the biggest opportunities – including in sports investments. On American family offices’ growing interest in emerging sports, Anushka Gupta, head of Goldman Sachs Apex in the Americas, shared: “There’s a big bucket of emerging sports where the opportunity feels nascent… But the bid and demand across groups, in how much excitement and buzz there are on some of these emerging sports, is really a big area of focus.” The areas of interest differ in Europe, according to Darren Allaway, head of Goldman Sachs Apex in Europe, the Middle East, and Africa: “We don’t have a collegiate framework here. US sports are important from a TV perspective, but not from a visibility perspective, because there are no competitive leagues in baseball, hockey, basketball, football, etc. But soccer continues to dominate.” Read more of their insights in Fortune: http://ms.spr.ly/6041Yt7Xc

Last week, we convened 150+ future leaders for the inaugural Leadership Lab. Programming consisted of interactive and educational sessions with thought leaders who shared insights on building a personal brand, understanding investing fundamentals and the macroeconomic environment, what it takes to become an entrepreneur, and more. We heard from Rich Kleiman, co-founder and CEO of Boardroom, who spoke about his unique career path. He shared advice on connecting with people and building genuine relationships: “Show passion, show eagerness. Being able to walk into a room and confidently present yourself, and being comfortable about who you are and what you bring – people recognize that.” We also heard from Ross Mackay, co-founder of Cadence and founder of Daring Foods, who discussed his path to entrepreneurial success. He shared with the audience a valuable lesson on networking: “I don’t think it’s important to be in every room or at every table. It’s important to be in the right room and speak to the right people.” Thank you to all who joined us for an engaging and energizing day!