Bank: GEM Targets 3x Net Return and 5-7% Public Outperformance for PE
Matt Bank · Matt Bank - "GEMs" of Risk, Asset Allocation, and Manager Selection (EP.419) · Nov 25, 2024 · at 40:10
Matt Bank, Deputy CIO at Global Endowment Management (GEM), discusses the firm's underwriting benchmarks and expected return premiums for private equity manager selection.
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“Do they have a credible path to generating a three X net return? That's our bogey for private markets. We expect private equity in particular to deliver five to seven percent ahead of public markets over time.”
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