…Let’s Talk Private Equity Secondaries with Dr. Marco Wulff
Release Date: 05/14/2024
…Let’s Talk Healthcare Equity Investing with Dan Matviyenko, Portfolio Manager with Jennison
Speaking of Alternatives
Dan Matviyenko, Healthcare Portfolio Manager at Jennison, offers insights and strategies on navigating the complex and dynamic landscape of healthcare equity investing. Laurie Chan, PGIM’s U.S. Head of Alternative Solutions, and Daniel explore healthcare equity, focusing on macroeconomic forces, supply chain vulnerabilities due to trade tensions, the role of AI, and generating alpha from long and short positions. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Healthcare Equity Investing offers a Spider Web of...
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...Let’s Talk Mexican Industrial Real Estate with Enrique Lavín, Head of PGIM Latin America
Speaking of Alternatives
Enrique Lavín provides critical insights into investing in Mexican industrial real estate by leveraging his market expertise and corporate finance/risk-opportunity background. Laurie Chan, PGIM’s Head of Alternative Investments, speaks with Enrique about the resilience of the Mexican Industrial Real Estate sector amidst U.S. trade volatility, nearshoring dynamics, and broader macro investment trends. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: Trade tariff impact on the Industrial Mexican Real Estate Sector. [3:07] ...
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...Let’s Talk Reinsurance with Mike Thompson of Warburg Pincus & Nandini Mongia of Prismic Life
Speaking of Alternatives
Nandini Mongia is the Group Executive Chair and CEO of Prismic Life, and Mike Thompson is the Managing Director of Warburg Pincus and Head of Capital Solutions for Europe. Nandini has nearly three decades of financial and business experience supporting the insurance and reinsurance industry. Mike has 20 years of private investment experience. Keshav, Nandini, and Mike discuss the fundamental role of reinsurance in managing risk, offering financial protection, and enabling growth within the insurance industry. Moving forward, global trends indicate a growing interest and allocation...
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...Let’s Talk Alternatives within Portfolio Construction with Alfred Lerman & Mao Dong
Speaking of Alternatives
Alfred Lerman is the Chief Investment Officer at PGIM Multi-Asset Solutions and Mao Dong is the Co-Head of Portfolio Management at PGIM Multi-Asset Solutions. Alfred is passionate about optimizing portfolios through a thoughtful balance of risk and return objectives. Mao’s strength is in customizing portfolios based on unique client objectives. Keshav, Alfred, and Mao discuss the strategic integration of alternative investments in portfolio construction. Their analysis highlights the unique potential for portfolio customisation through the synergistic blend of private and public asset...
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...Let’s Talk Core Plus Real Estate Investing with Darin Bright
Speaking of Alternatives
Darin Bright is the Head of Core Plus Strategies at PGIM Real Estate. Darin is passionate about real estate investing and cultivating strong relationships within the investment community. Keshav and Darin examine the tangible aspects of real estate, including its durability, which make it an appealing and accessible component of a diversified portfolio. They discuss the opportunities new technologies and U.S. demographics bring to a diverse Core Plus Real Estate strategy. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: A...
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...Let’s Talk Investing in Infrastructure with Bill Pappas
Speaking of Alternatives
Bill Pappas is the Managing Director and Head of Core Infrastructure and Structured Credit at PGIM Private Capital. He is a veteran of structured credit and finance within the infrastructure industry. Keshav and Bill explore the nuanced infrastructure investment landscape through the lens of private capital and alternative investment. Their discussion covers the political and regulatory landscape, the impact of technology on energy infrastructure, and how structured solutions can enhance portfolio diversification within this complex asset class. Subscribe to Speaking of...
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...Let’s Talk 2024 Alts Report with Matt Harvey, Sebastiano Ferrante, and Stephan Wessel
Speaking of Alternatives
Today’s panel consists of Matt Harvey, Head of Direct Lending at PGIM Private Capital, Sebastiano Ferrante, Head of Europe at PGIM Real Estate, and Stephan Wessel, Managing Partner at Montana Capital Partners, a private equity secondary mid-market specialist affiliate of PGIM. Keshav and the panel examine the findings of the 2024 Alts Report to understand how institutional investors are positioning their portfolios for a risk-on environment. The discussion covers topics such as target allocations to alternatives, geographic diversification, strategy selection, and the factors...
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...Let’s Talk Emerging Market Trends with Mariusz Banasiak
Speaking of Alternatives
Mariusz Banasiak, CFA, a Managing Director and Head of Local Currency Rates and FX for PGIM Fixed Income’s Emerging Markets Debt Team discusses the opportunities and challenges of this rapidly changing field. Emerging market debt is highly volatile, influenced by macroeconomic, geopolitical, and local currency factors. This creates both significant risk and potential reward. Keshav and Mariusz discuss the factors that influence investments in this multifaceted debt class and forecast potential opportunities and challenges. Subscribe to Speaking of Alternatives on your favourite...
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...Let’s Talk Data Centers with Jim Footh
Speaking of Alternatives
Jim Footh, Managing Director, Data Center Investments & Portfolio Management at PGIM real estate, discusses the fast-growing investment potential of data centers, and how AI is further fueling this trend. Data centers are one of the fastest-growing areas within real estate investing. Growth is driven by the increasing digitization of our lives and the evolution of AI. Demand for data center builds has various considerations including location, sustainable power, and tenant segments. Keshav and Jim explore the opportunities inherent in this exponential increase in the need for power. ...
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...Let’s Talk Affordable US Housing with Soultana Reigle
Speaking of Alternatives
Soultana Reigle, Head of U.S. Equity and Senior Portfolio Manager for U.S. Value-Add Strategies at PGIM Real Estate, traverses one of the great societal challenges in the U.S. and globally, the affordable housing market and its complex economic challenges. This conversation traverses one of the great societal challenges in the U.S. and globally; the affordable housing market. Identifying locations and building quality affordable housing is essential for those attracted to long-term investment returns while fulfilling a vital need for communities and society. Discover the benefits a skilled...
info_outlineDr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG, discusses the advantages and challenges of the private equity secondary market, global prospects, and the recent explosive growth of this private investment strategy.
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Key Takeaways:
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Diverse Opportunities of Secondaries [2:58]
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Liquidity in Private-Equity Secondaries [5:33]
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Advantages and Risks of Alternatives [7:03]
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U.S., European, and Asia Market Potential [10:05]
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Three Factors Affect Leverage Strategies [13:33]
Find Out More About Alternative Investing:
Shareables:
“If you look at the two main actors in the private equity industries on the limited partner side, the lack of distribution leads to difficulties and the refinancing of the commitment they already made.” — Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG #investing
“Because you buy assets, in our case, that are four to seven years old, you are much further down the road in the lifetime of the fund. So, the distributions are coming on much earlier.” — Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG #valueadd
“You have to make sure that you get compensated for the additional political risks, the forex risk, and manager risk with a higher return.” — Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG #institutionalinvesting
“The secondary market is really reinventing itself and innovating quite consistently. I think there is very healthy growth coming in 2024-25.” — Dr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG #alternativeinvesting #PGIMalts