Privates
topic on 2 shows · 7 statements across 7 episodes
7 statements about Privates, every show
Stebbings: Harvard endowment holds 41% of portfolio in private assets
“Harvard saying that now, 41% of their book is now privates.”
Papic: U.S. Private Market Assets Are More Overbid Than Publics
“And obviously, if you want to talk about where U.S. Assets are massively overbid, I think privates are even worse than public.”
Unconstrained mean-variance optimization pushes institutional portfolios entirely into private assets
“And anytime you use the mean variance optimization model, unconstrained, it pushes you entirely into privates, because that's the historical return profile.”
Fink: SWIB's 112% asset allocation spans 38% equities, 26% fixed income, 30% privates
“But we're about 38% in equities, 26 in fixed income, 19% in tips, 30%, give or take, in privates. So that's 10 in private real estate and 20 in private equity and private debt. And that gets you to about a 112.”
Schumann: Fixed income adds little value compared to private investments
“Fixed income, not going to add a lot of value. When Meredith came on board, you jumped into privates. Frankly, that's where we're going to add a lot of value.”
Lenehan: Wallace plans to trim long-only equities to fund private investments
“Over time, I think we'll start to trim a little bit from the long only side to help feed the increase in the privates as they start to come out, because a lot of it's very liquid.”
WashU's endowment allocation is 45% private markets and one-third public equities
“If you think we're roughly a third public equities, which bounces around, we're probably a little bit overweighted in privates. That's probably 45% of the portfolio today, just because privates, particularly venture and growth equities had such a big run. And …”