Investment Perspectives

Investment Perspectives

Market Update

All About Alpha

The beginning of 2022 has weighed heavily on investments reliant on beta. Therefore, we believe investors should shift their focus to alpha generation by investing in alternatives. Here, we highlight 5 key areas of opportunity in alternatives for 2022.

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Co-Investments

The Value of Being a Lead Co-Investor

We discuss the advantages that come with being a lead co-investor in a middle market buyout deal as well as the benefits that partnering with an efficient lead co-investor can bring to a sponsor.

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Absolute Return Strategies

The Case for Absolute Return Strategies – Part Three

In this installment, we present our view that top decile hedge fund managers remain among the best available investments globally, without regard to the name “hedge fund.” We also look at how top managers continue to attract talent and capital, while underperforming managers contract, underscoring the importance of manager selection.

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Absolute Return Strategies

The Case for Absolute Return Strategies – Part Two

In the first part of the series, we looked at how traditional assets are facing headwinds for future returns from factors such as near-record valuations, historically low interest rates and credit spreads, and elevated risks. In the second part of the series we observe that, despite these challenges for traditional investments, tailwinds exist that we believe can contribute to alpha within absolute return strategies.

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Absolute Return Strategies

The Case for Absolute Return Strategies – Part One

In the series, “The Case for Absolute Return Strategies” we discuss why we believe ARS investments are important components of a properly diversified portfolio. In this post, we look at indicators of how traditional asset markets are highly valued and future returns appear constrained.

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Private Equity

The Rise of the GP-Led Secondary Investment

We explore the growth and evolution of the secondary market, compare complex non-traditional transactions with traditional secondaries, and discuss the importance of a robust platform of manager relationships to access GP-led deals. Refreshed with 2020 data.

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Private Equity

The Overlooked Alternative

As institutional investors crowd into alternatives in search of returns and diversification, the search for alpha becomes more challenging. One idea that investors might consider: Maybe it’s not what you’re investing in, but who you’re investing with.

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Infrastructure

Drivers of Opportunities in Digital Infrastructure

The telecommunications sector represents a compelling infrastructure opportunity. Here, we highlight some market developments that are impacting digital infrastructure, explore positive characteristics of each subsector, and share insights from our pipeline of current opportunities.

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Absolute Return Strategies

Absolute Return Strategies Mid-Year Market Commentary and Outlook

We believe the current market environment supports the case for active management generally and prudent, less market-sensitive investment strategies implemented by hedged strategies. Here, we provide a brief overview of the year so far and explore where potential opportunities exist.

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Private Equity

How Investment Programs Can Become More Diverse

Many investors want to incorporate investments with diverse managers into their portfolios — but the implementation can present a variety of challenges. Our private equity diverse manager investment team outlines what it takes.

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Due Diligence

Effective Due Diligence in a Virtual World

We explore some challenges and unforeseen benefits of performing remote due diligence, and discuss what we believe makes a well-resourced, sophisticated investor properly positioned to conduct due diligence in this environment.

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Private Equity

Finding Opportunity in the Secondary Market Amid Dislocation

The global COVID-19 pandemic has significantly affected the economy, financial markets and individuals around the world. During and following such market downturns, an increased number of LPs and GPs face pressure to raise liquidity at the same time that traditional avenues tend to freeze up. Here, we review what’s happening in the secondary marketplace in response to the crisis and highlight the compelling secondary opportunities.

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Private Equity

Creating a Private Equity Program for Any Market Cycle

As the current market cycle matures, investors should look back at historical peaks – and ensuing fallouts – to better understand today’s private equity market. Here, we provide five considerations for creating a balanced private equity program for any market cycle.

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Credit

Countering Today’s Headwinds with Opportunistic Credit Strategies

Despite a challenging fixed income environment, we see a wide range of investment opportunities in the non-traditional portion of the global credit markets. Here, we explore some of the attributes that can drive value in opportunistic credit and outline key investment themes that address the current headwinds for fixed income and credit investors.

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