Public market managers transition to private investing better than vice versa
Larry Kochard · Larry Kochard – From Endowment Professor to OCIO Chief at Makena Capital (Capital Allocators, EP.250) · May 16, 2022 · at 13:10
Makena Capital CIO Larry Kochard assesses crossover investment strategies spanning public and private technology and biotech markets.
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“Oftentimes, I found that it's public managers that, you know, have invested publicly, that do the fundamental work, can really understand these companies, get to know management teams, that can develop the skill set of investing in private companies, as opposed to those that cross over from starting with the private Really, which is ultimately is going to be a sourcing edge, and then crossing over into the public realm.”
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