How Value Add Differs in PE vs VC | Julia Rees Toader

About this episode

Julia Rees Toader discusses the differences in value add between private equity and venture capital, emphasizing the need for operational improvement in a higher interest rate environment.

"In private equity, some of the older tricks about just picking on more leverage are not going to work as well now because rates are higher. We need to have more focus on operational improvement and margin expansion. And in venture, you’re not expected to have good margins.” — Julia Rees Toader Julia Rees Toader is the Founding Partner of PrinCap, an independent investment portfolio strategy firm working with institutions and individuals on manager selection, asset allocation, and strategic advisory. Prior to PrinCap, she was the Head of Portfolio Strategy and Head of Relationship Management at Heritage Holdings, a multi-family office. Before Heritage, Julia was the head of Portfolio Strategy at Goldman Sachs Asset Management ($3Tr assets under supervision). She and her team advised sovereign wealth funds, pensions, financial advisory firms, private banks, and other long-term asset owners on asset allocation. She studied mechanical engineering and computer science at Princeton University and is a CFA charterholder. Before Goldman Sachs, she worked on M&A and business development for an early-stage medical device biotech firm. You can find Julia on her socials here…

People in this episode

Host: David Zhou

Guest: Julia Rees Toader

Topics covered

• private equity
• venture capital
• operational improvement
• margin expansion
• investment strategy

Keywords

• private equity
• venture capital
• operational improvement
• investment strategy
• margin expansion

Mentioned in this episode

Organizations: PrinCap, Heritage Holdings, Goldman Sachs Asset Management, Princeton University

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