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:
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 è gestito Mark Hawtin, Investment Director. Con oltre 35 anni di esperienza negli investimenti, 20 anni in particolare nelle strategie long-only e long/short nel settore tecnologico a livello globale, Mark Hawtin ha dimostrato la sua capacità di produrre rendimento in numerosi cicli di mercato.
David Goodman è responsabile dell’analisi tecnica che contribuisce alla costruzione del portafoglio e alla gestione del rischio.Il team si avvale della propria competenza ed esperienza in società e settori che adottano business model fondati sulle nuove tecnologie, per costruire un portafoglio liquido, scalabile e diversificato di società globali.
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.
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