![]() “The big caveat here is that you need to partner with the right groups you don’t want to simply own the index in venture,” he said. Investors can benefit from potentially greater wealth generation through investment in private companies, and in particular, venture capital which has generally delivered stronger returns on an upper quartile basis over the long term versus private equity buyouts. By 2016, that number had dropped to just 3,600, which combined with greater (public) information efficiencies today, makes it harder for fund managers to extract alpha from publicly traded shares”. “In 1996 for example, there were some 7,300 listed companies in the US. Many of these companies are creating value at a much more rapid rate than public companies, which are diminishing significantly in number in the US,” he said. “Companies are staying private for longer, often making a choice not to list. VC and growth equity are positioned to play an even more important role in portfolios as value creation attributed to the public markets in the past, shifts to the private markets, according to Randall. “SPRING is the one of the first funds specifically designed for private clients and smaller institutions that offers a truly diversified exposure to the leading fund managers and portfolio companies within the VC and growth equity landscape,” said Martin Randall, Head of Alternatives at LGT Crestone. Importantly, StepStone’s venture platform today comprises one of the largest asset teams dedicated to the VC and Growth asset class, with over US$31 billion in assets under management as of Maand some 240-plus manager relationships. Growing its reach even further, in 2021, StepStone acquired Greenspring Associates, one of the world’s largest allocators within the VC ecosystem. Last year, it allocated more than US$75 billion across private equity, infrastructure, private debt and real estate. StepStone Group (Nasdaq: STEP) is one of the largest private market investment managers in the world. This latest global VC opportunity is a testament to realising this vision,” said Michael Chisholm, CEO at LGT Crestone. “We’ve always had a clear vision: to bring world-class investment opportunities to Australian HNWI. The StepStone Private Venture and Growth Fund (SPRING or the Fund), which is being offered in multiple jurisdictions, will invest globally in private companies focused on the ‘innovation economy,’ and those companies that are benefiting from long-term secular trends, often technology themed. It does not store any personal data.LGT Crestone is partnering with StepStone Private Wealth to offer one of the first open-ended venture capital (VC) funds of its kind, allowing Australian high-net-worth investors (HNWI) to invest in a global, highly diversified portfolio of unlisted, high-growth companies. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |