Asset Class: Private Equity

This article from Business Insider has taken a look at student housing in America and examines what happens when Wall Street takes on the operation of student accomodation. No prizes for guessing what comes next.

In this report we discuss how lower recession odds in conjunction with greater conviction in the disinflation narrative impact our asset allocation views.

Private equity firms are investing heavily in healthcare, but a new study finds that this could lead to higher costs and worse care.

November was a strong month for risk assets even as economic data in many parts of the world continued to deteriorate. The market was buoyed by the prospect of slowing inflation and that central bank policy would shortly follow suit.

In the wake of the FTX collapse, Gurley has published this list of red flags to look out for.

What can you expect from markets over the medium term? Equity and bond markets have lost ground this year, but are they at or near the bottom? And what investment strategies should you be using right now to maximise your long-term returns?

An interesting look at the venture capital industry and how the biggest VC firms may have become victims of their own success.

This article takes a look at what the VC market looks like post-crash. Because this trend didn’t start in 2020. Over the past 5 years, median valuations for early stage companies tripled from ~$20m to $60m. That has now come back to earth.

Dania explores the opportunities inherent in private equity, an asset class which gives investors access to entities that are not publicly listed or traded.

This was the first time we’ve come across the ‘Harvard MBA Indicator’. It turns out that MBA’s - even after their years at business school - are terrible at forecasting industries.

This article from the New Yorker takes a look at what happened when private equity bought an aged care home in Virginia. This was part of a rollup play by the private equity firm, they already owned more than one hundred aged care facilities across America’s east coast.

Tiger Global has been making a splash the past few years. The hedge fund spun out a venture capital arm that has been making deals bigger, faster and more founder friendly than the traditional VC world. This recent tech sell off has been tough for Tiger. The Financial Times have reported that the hedge fund has lost $17 billion, one of the biggest dollar declines for a hedge fund in history. According to the FT, Tiger’s hedge fund has been hit so hard that in four months they lost two-thirds of the gains they produced since founding in 2001.

There’s an ongoing battle amongst hedge funds, private equity and venture capital firms to get a piece of some of the fastest growing technology businesses. However, at the other end of the spectrum, there is a whole different breed of investment firm looking for bargains amongst the unloved. In the massive number of family businesses, side hustles and unloved apps, there is some real opportunity. The Micro PE firm has been created to find these needles in the haystack.