Robert Long, CEO of Conversus Asset Management, a publicly traded private equity fund of funds, discusses what he considers the "greatest trade" - private equity GPs buying up debt in their own portfolio companies in the midst of the 2009 financial crisis.
This clip is from the full Privcap program: "Measuring Value Creation," available at www.privcap.com
They are classic Wall Street questions that in today's private equity market have taken on critical importance - is my investment manager smart or just lucky? And, is the success of the past repeatable? As the private equity investment opportunity has changed, investors have sought out general partners who have track records of truly adding value to their portfolio companies. Likewise, as GPs have sought to distinguish themselves in an incredibly competitive market, they have taken pains to show the value that they can bring to their investments beyond mere market momentum.
In this must-watch video program, Privcap has assembled a cast of experts to discuss how they define and measure value creation in private equity investing. Participants include:
Susan Long McAndrews of Pantheon Ventures; Robert Long of Conversus Asset Management; Bela Szigethy of The Riverside Company and John Vester of Ernst & Young. The conversation is moderated by Privcap founder David Snow.
Watch the full program or skip to the following program chapters:
Defining and Creating Value ι Attribution and Due Diligence ι Financial Engineering is Good ι People Skills Needed ι Right GP at the Right Time ι Rise of the Operating Partner ι Sourcing and Other Levers
Full access to this program requires free registration with Privcap. Registration also gives you access to a full transcript of the conversation, participant bios and an executive summary of a recent Ernst & Young report on creating value in private equity. You will also have full access of Privcap's archive of premium video, audio and text content.
That man is very hip.
Victorpughenry 5 months ago