Commentary
Three Myths of Private Market Valuations (First of Three Parts)
In our special series last month on why private debt valuations should not be viewed through the same lens as…
Read MoreLetter from Singapore (Second of Two Parts)
Besides private credit, there’s growing volume in Singapore around private equity, real estate, and even venture capital. And investors there…
Read MoreLetter from Singapore (Part One)
In our second visit to Asia this month, we again found both variety and vitality of interest among managers and…
Read MoreGlasses Half Full (Last of a Series)
In conversations with dozens of institutional investors over the past several months, consistent themes recur. First, there’s the sense of…
Read MoreGlasses Half Full (Second of a Series)
As we continue our series examining the effects of higher interest rates and a potential recession on private credit, we…
Read MoreA Pause to Reflect
Many of us who lived through the financial crisis of 2008-2009 had flashbacks to that era. The collapse of Silicon…
Read MoreGlasses Half Full (First of a Series)
Our friends at Lincoln International produce a superb report on private market insights from their valuations and opinions group. Derived…
Read MoreLetter From Tokyo
This past week we visited our clients and friends in Japan. The last time we did, three months before Covid,…
Read MoreWarmer Waters
Our family winter break in Turks and Caicos last week was highlighted by two discoveries. First, neither of our daughters…
Read MoreThe Numerator Effect
Over the past twelve months, as Fed rate hikes have taken hold, much attention has been paid to the denominator…
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