What is happening in VC today and the role of wealth management in growing the private markets?

About this episode

Samir Kaji discusses the current state of private markets and the challenges faced by fund managers and investors with Turner Novak.

I recently joined Turner Novak on The Peel for a conversation about the current state of private markets and the realities facing fund managers and investors today. We discussed why fundraising is particularly difficult right now for both emerging and established venture funds, and examined some of the structural forces driving change across the private investing landscape. I had a lot of fun doing this one, so wanted to cross-post here. Some of the key topics we covered include: * The explosive growth in private markets, with ten times more private investment firms than public companies, and nearly 90% of $100M+ revenue businesses remaining private. * The high “mortality rate” for new funds, why only a small fraction survive past their first few vintages, and what that means for GPs and LPs navigating the ecosystem. * The evolution of liquidity in venture, with secondaries now playing a major role, and practical tips for both GPs and LPs on working with SPVs and managing today’s more complex capital flows. * How differences in risk profiles between large and small funds affect outcomes, and why the divide between public and private markets has blurred—making private investing as…

People in this episode

Host: Samir Kaji

Guest: Turner Novak

Topics covered

• private markets
• venture capital
• fundraising challenges
• liquidity evolution
• AI in investing
• capital flows

Keywords

• venture capital
• private investment
• fund managers
• emerging funds
• liquidity
• AI technology
• capital management

Mentioned in this episode

Organizations: The Peel

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