Private Equity and Venture Capital Investing
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This module explores private equity and venture capital as core components of private markets. Panelists discuss how private equity differs from public equity, typical investment structures, and the private equity investment lifecycle. The conversation also examines venture capital investing, including its unique risks, return drivers, and trends, while highlighting the role advisors play in assessing suitability, explaining risks, and aligning these investments with client objectives.
Speakers:
- Ana Puric, Vice-President, Private Markets, CIBC Global Asset Management
- Daniel A. Criscuolo, Senior Vice President, CIBC Private Wealth
- Ohm Srinivasan, Managing Director, Head of Manager Research & Alternative Investments, CIBC Private Wealth
Discussion Points:
- Overview of Private Equity
- Accessing Private Equity: Due Diligence, Manager Research, and Structures
- Fund Characteristics: Fund Life, Liquidity, and Minimums
- Access, Returns, and Exposure: Changes in Private Equity Landscape
- Diversification, Returns, and Risks in Private Equity
- Time Horizons and Why Companies Stay Private Longer
- Process of Private Equity Fundraising and Deal Sourcing
- Advantages and Innovation: Why Consider Private Equity?
- Private Equity Market Evolution and Technology Trends
- Introduction to Venture Capital: Risk-Return Profile
- Access to Venture Capital and Changing Investor Base
- Role of Venture in Portfolios and Diversification Strategies
- Comparing Public and Private Market Risks, Sentiment vs Fundamentals
- Manager Selection, Due Diligence, and Transparency in Private Equity
- Technology's Role in Venture and Private Equity Evolution
- Investor Allocations and Portfolio Considerations
- Final Thoughts
