The Ledger
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Philippines, Vietnam, Bangladesh, and Mexico will gain as supply chains leave China
“Places like the Philippines, Vietnam, Bangladesh, Mexico will gain as a result of that kind of second location as they scale back in China and scale up there.”
The decline in public companies is strictly a Western phenomenon
“Again, it is a US and perhaps European phenomenon. You are still seeing lots of IPOs and new companies. Accessing public markets in China and emerging markets, and we think that's good.”
Institutional search for yield drives capital into private debt
“So the combination of all those factors is driving to greater allocations to privates I think given some of the high valuations pre-coronavirus, particularly private real estate debt and private debt, rather than necessarily private equity, where there was per…”
Permanent shift to online grocery will drive cold storage real estate
“Cold storage facilities as groceries go online as well. Nobody wants to touch that cold tomato or squeeze that line before they buy it, but are willing to buy it online. I think that will be a permanent shift in the convenience factor. So cold storage real est…”
Co-working models historically weather economic downturns poorly due to balance sheets
“So we were always skeptical about the ability of some of the co-working models because of their unique personal balance sheet situations to weather a downturn, and there's a rich history of co-working and flexible space providers weathering downturns badly.”
Board tenure and company valuation follow a curved, nonlinear relationship
“QMA, our quant business, did some great analysis on what is considered a linear relationship where, you know, very mature boards are considered to be less dynamic than new boards. And in reality, when you explore the valuation relationship between board length…”