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Being able to source accurate data across alternative markets is a complex process. Stocks, bonds, and futures offer continuous price updates and greater intelligence for investors. The landscape is evolving, with a growing number of cutting-edge investment researchers enhancing decision-making on policy issues that will help shape private markets investments for the future.
In our latest episode of the Improving Alpha podcast, host Michael Oliver Weinberg welcomes Greg Brown, professor of finance at the University of North Carolina Kenan-Flagler Business School and founder of the Institute for Private Capital. Dive into their insightful dialogue as they explore groundbreaking research on the risk-adjusted returns of private funds, dissect GP portfolio deal structures and commitments, unravel the correlation of returns, and debate the potential of real assets as effective inflation hedges.
Further highlights from this discussion include:
- What is the Institute for Private Capital and what is its role in furthering alternative investment research.
- Greg’s thoughts on the use of public market equivalents (PMEs) to measure benchmarks for private funds vs. simple multiple or IRR.
- How does risk figure into the equations around buyouts or VC funds today and how are certain endowments and foundations finding success in the VC space.
- Decisions around GP portfolio creation covering deployment of capital, deal size, diversification, how many deals can be handled at once, and how much leverage should be added to the deals.
- Real estate’s true value as an inflation hedge and whether historic claims showcasing this fact are truthful or not.
- And more.
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