Khajuria: Private equity minimum investments are dropping to $10,000
Sachin Khajuria · Sachin Khajuria – Two and Twenty, An Insider's Take on Private Equity (Capital Allocators, EP.285) · Dec 5, 2022 · at 26:39
Sachin Khajuria, former Apollo partner and author of Two and Twenty, discusses the ongoing democratization and lowering minimum check sizes in private equity.
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“There are 50,000 dollar tickets. There are 20,000 dollar tickets. There are 10,000 dollar tickets coming out. And it's not fully available to retail, but it's coming.”
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More from Sachin Khajuria
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“We're not seeing systemic problems with private equity. There are very few that go bust. And I think not just because of the corporate veil point, but I think also just the way their own risk management is set up. It's inherently very conservative.”
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“Because I, you know, if you take a distress fund or a credit fund, a lot of the things I've been offered, they're taking 10 plus percent risk at least, but they're offering six, seven. Doesn't make sense.”
Khajuria: Retail portfolios will eventually hold 10% to 50% in private markets
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“Durations match, broadly speaking, the requirements of the underlying investor. And the reason that you're seeing increasing diversification in those durations is not just because the industry is growing, and therefore it's growing in different ways, different…”
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“If there are proven examples over time, Where regulation in a particular sector is not up to scratch. Of course, we should be looking at that, but not just because the owner is a private markets firm, but irrespective of the owner.”