Jo Tango’s Post

As the private equity industry has matured, two distinct yet related trends have emerged: the rise of the secondary market and the emergence of innovative evergreen structures designed for individual investors.  A symbiotic relationship exists between these trends, with secondaries uniquely suited for asset managers seeking to launch, deploy, and scale perpetual private capital funds.  Those are the thoughts of Phil Huber, CFA, CFP, Managing Director and Head of Portfolio Solutions for Cliffwater, a leading alternative investment adviser and fund manager writing in In this paper for the CAIA Association's, Portfolio for the Future™! Section he explores the evolution of the secondary markets, the portfolio benefits of secondaries, the appeal of specialist secondary managers, and the necessary (but insufficient) role secondaries play in evergreen strategies.  #privatedebt #privateequity #riskmanagement #diversification

It was great to have James Weir from Steward Wealth join the insightful panel discussion last week at the Inside Adviser Alternatives Symposium alongside Graeme Bibby, CFA CAIA CIMA and Peter Johansson CFA, CIPM moderated by James Edmonds, CFA. Together, we delved into the intricacies of navigating the alternatives sector, offering valuable tips for those looking to make the leap. A big thank you to all involved for a stimulating discussion!    https://lnkd.in/gfDAqtWn   #AlternativeInvestments #PanelTalks #ExpertInsights

Last night I had the pleasure of attending a CFA Montreal event focused on the Single Family-Office approach. Panelists from various family offices, including Claridge and Joddes, shared their insights on portfolio construction and asset mix, tailored to each family’s unique needs. While each family had different exigencies and philosophies, they all emphasized the importance of diversifying across asset classes (in both public and private assets) as well as understanding what you invest in. One of the most interesting takeaways, for me at least, was that despite being managed by investment teams with countless years of experience and resources, they still use actively managed funds. It goes to show that even the most experienced investment managers can benefit from actively managed funds. #ActiveManagement #CFAMontreal

🚀 What is happening in private markets and the world of investments this week? How are asset managers and investors looking at alternatives and how do they plan to navigate the markets for the rest of the year as we hit mid-year 2024? Where do the opportunities lie across private asset classes? 🗞 Check out the latest edition of 𝐓𝐡𝐞 𝐕𝐚𝐥𝐭 𝐉𝐨𝐮𝐫𝐧𝐚𝐥, where we capture the latest reports and research on #privatemarkets and #alternativeassets published in the last two weeks from top-tier asset managers and thought leaders in the space. 📌 Featuring 7️⃣5️⃣ + links and 3️⃣5️⃣ authors in the latest edition! Do check out the PE/VC databooks from PitchBook! 🚀 You can also check out our latest launch: The Valt Journal Library A private markets and alternative assets focused live repository featuring a collection of c.5K research reports and articles from 150+ global asset managers and experts across 4 categories and 40+ sub-categories for an efficient, fast and seamless research experience. We spend countless hours curating the best research in private markets and alts, so you don't have to! Link in comments! 📌 📈 We cover the latest #reports, #articles and #podcasts across #privateequity #privatecredit #alternativeinvestments #venturecapital #macro #assetallocation #realestate #realassets #infrastructure #climatefinance #artificialintelligence #technology 📢 Find out what the best in the business have to say about private markets in the current environment. Featured in this edition: abrdn Amundi AXA Investment Managers Bain & Company Barings Boston Consulting Group (BCG) BlackRock Carta Nuveen, a TIAA company Goldman Sachs HarbourVest Partners HSBC Institutional Investor J.P. Morgan Juniper Square Legal & General Investment Management (LGIM) LGT Capital Partners Lightspeed M&G Investments Man Group Mawer Investment Management Morgan Stanley Nomura Northern Trust Oaktree Capital Management, L.P. Ontario Teachers' Pension Plan Pantheon Permira portfolio institutional PIMCO PitchBook Robeco State Street TCW UBS #thevaltjournal #thevaltjournallibrary #valt #alternativeinvestments #pe #vc #privatemarkets #finance #investments #assetmanagement #venturecapital #climate #EV #TVJ29 #ai #tech #fintech #energytransition #esg #privateassets #funds #funding #lp #gp #privatecapital #portfolio #wealthmanagement

Join us on 2/22 for Unlocking Value: Leveraging Alternative Investments in a High-Net-Worth Portfolio: https://bit.ly/47VJ5EX The number of publicly traded companies has been declining for decades as regulatory challenges have increased and improved efficiency in private markets has allowed entities to stay private for longer. The average university endowment has more than 50% of assets allocated to alternative investments. High-Net-Worth Portfolios need to follow the endowment model more closely and increase the allocation to private markets. Come join us as we compare public vs private market performance and work through case studies that illustrate means of improving due diligence, portfolio construction, and portfolio management. Register now: https://bit.ly/47VJ5EX Doors open at 4:00 pm with the panel kick off at 4:30 pm. Drinks and networking will follow the presentation. ___ #cfasocietydfw #cfainstitute #cfaprogram #investmentdecisionmakingprofessionals #investmentdecisionmaker #investmentdecisionmakers #financeprofessionals #investmentmanager #investmentprofessionals

Pivotal trends are shaping the world of Private Equity in Q1 2024. One standout trend is the increasing focus on GP stakes and the rising prominence of private wealth. GP stakes investments continue to gain traction as an alternative investment strategy, offering unique opportunities for both investors and fund managers. This trend reflects a growing confidence in the long-term value creation of private equity firms. Private wealth is playing a more influential role in the PE landscape, with high-net-worth individuals and family offices actively seeking avenues for diversification and higher returns. This influx of private capital is fuelling innovation and driving new strategies across the industry. Send me a message if you would like to see the latest report by With Intelligence.

130. Replay: How the Wealthy Invest & the Alternative Investment Continuum by Ben Fraser Originally published September 23, 2021. This week we take a deeper look at private equity and venture capital as we look to emulate the strategies and investment vehicles that the ultra-wealthy use to generate better returns and diversification. Average investors have historically been under-allocated to these asset classes, but for many ultra HNWIs, their allocations […] #boomers #babyboomers

📚 Thrilled to share that I've obtained the Fundamentals of Alternative Investments certificate from CAIA! 🌟 This certification deepens my expertise in alternative investments, empowering me to make informed decisions for my clients. Excited for new opportunities in this dynamic industry! #CAIA #AlternativeInvestments #ProfessionalGrowth

🔹 Allianz Global Investors has hired Hartwig Kos, PhD, CFA as head of multi-asset fundamental investing, effective from September 2023. Read more on Investment Week here: http://ow.ly/7FK0104SN3F #peoplemoves #investmentmanagement #multiasset #investmentinsights #investmentweek

How Do You Know When You’re Wrong – Three Case Studies Prior to starting Deep Knowledge Investing, I was one of two portfolio managers at Silver Arrow Investment Management. I was fortunate enough to have Raji Khabbaz as my business partner. Raji is a first-rate stock analyst and a fantastic investor. The best part of running Silver Arrow was the constant discussion and debates Raji and I had when trying to figure out whether a particular investment thesis was correct. He’s now a member of the DKI Board of Advisors and we talk about investing on a near-daily basis. On September 12th, he’ll be the featured guest on the DKI subscribers-only webinar to talk about how to figure out if you’re wrong about an investment. It’s a complicated topic because sometimes, the right thing to do is to exit a position. At other times, the best move is to add to a position you like at a lower price. As a way to get the conversation started, I’m presenting three case studies from our time at Silver Arrow; one where we correctly exited quickly, one where we made the wrong decision and lost money, and one where we added at lower prices. I'll be posting one case study a day this week.