Competition Spurs Innovation: Private Capital Goes Mainstream
Soaring asset prices and growing stockpiles of dry powder have the thousands of GPs and LPs in the approximately $6 trillion private equity and debt ecosystem on edge. The upshot is that GPs are becoming more creative and LPs more responsive. Innovative data analysis, deal customization and new liquidity pools are going mainstream. At the same time, mega-funds are proliferating — including in H2 2019 the largest ever tech fund and buyout fund. Are growth and IPO withdrawals sustainable? How are geopolitical friction, macroeconomic uncertainty and the looming U.S. Presidential election influencing asset allocation decision-making? Are views on relative valuations changing?
Cerberus Capital Management
K1 Investment Management
Bill Coaker
Chief Investment Officer
San Francisco City & County Employees' Retirement System
James Donohue
Deputy Chief Investment Officer
Sacramento County Employees' Retirement System (SCERS)
Sean Gill
Partner
NEPC
Dana Johns
Senior Portfolio Manager
Maryland State Retirement & Pension Systems
Neil Malik
Founder & CEO
K1 Investment Management
Robert Warden
Global Head of Private Equity &
Senior Managing Director
Cerberus Capital Management
kstorfer@institutionalinvestor.com