Why Private Markets?
Accessing unique late-stage Venture Capital opportunities in the burgeoning private innovation economy with untraditional liquidity and low-to-negative correlation to public equities.
Accessing unique late-stage Venture Capital opportunities in the burgeoning private innovation economy with untraditional liquidity and low-to-negative correlation to public equities.
While some of today’s largest technology companies like Amazon, Microsoft and Nvidia continue making advances, some of the most significant innovation and disruption is often produced by companies in the private market. After all, what we see in the publicly listed space is really the tip of the iceberg.
GAM has teamed up with the established US private markets group - Liberty Street Advisors to offer non-US investors access to the private innovation economy.
The public market is shrinking as companies stay private for longer. The private market is now predominant. (Please refer to the charts below)
Private markets poised for continued growth - 86% of institutional investors invest in alternatives, allocating on average 23% of their portfolios (with private equity the largest subclass, followed closely by real estate).***
Number of domestic companies listed on NASDAQ and NYSE:
Key benefits of investing in private markets:
Significant growth in private companies:
Christian Munafo, CIO of LSA, provides an overview of the opportunities in private markets.
Late-stage Venture Capital sits between early-stage Venture Capital (VC) and traditional Private Equity (PE) buyouts and focuses on backing already successful companies with proven products, strong operating models, established market share, strong management teams and a near-term exit path.
Investors in this asset class aim to participate in the potential capital appreciation of these dynamic innovation companies whilst under private ownership which can yield outperformance. Historically, roughly two-thirds of VC-backed companies exit through Mergers & Acquisitions (M&A) versus public listings, meaning that public investors often miss out on a large segment of the addressable opportunity set.
Deep relationships throughout the Venture Capital /growth ecosystem drive significant deal flow and information access
Invest through both secondary transactions and participation in new financing rounds
GAM Star Disruptive Growth está gestionado por Mark Hawtin, director de inversiones. Con más de 35 años de experiencia en la inversión y 20 años en la inversión long-only y long/short en valores tecnológicos a escala mundial, Hawtin ha demostrado su capacidad para generar rentabilidades en diversos ciclos de mercado.
David Goodman es responsable del análisis técnico y asesora en la estructuración de la cartera y la gestión del riesgo.
El equipo aplica sus conocimientos especializados y su experiencia a empresas y sectores cuyos modelos de negocio se vean apuntalados por las nuevas tecnologías de cara a estructurar una cartera escalable y diversificada de empresas a escala mundial.
We focus on what is called later stage venture capital and growth oriented investing... beyond start-up phase of development and the associated technology risk. These companies have often validated the value proposition for their product or service, they have an established market presence.
11 min de lectura
6 min de lectura
Los fármacos adelgazantes GLP-1 están transformando el panorama sanitario. Algunos analistas predicen que el mercado contra la obesidad puede convertirse en el mayor mercado farmacéutico de la historia, mientras que, por otro lado, las cotizaciones de las empresas de dispositivos médicos, en particular las especializadas en el tratamiento de la diabetes y la obesidad, empiezan a sentir la presión. Kevin Kruczynski, de GAM Investments, analiza el considerable impacto de los fármacos GLP-1 en el sector sanitario.
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