Moneta Family Office hosted its Private Market Economic Outlook in November at the 1900 Building in Kansas City. The event brought together a panel of private equity, private real estate, and private credit industry leaders, including Angie Long, Tuck Spaulding, Fred Coulson, and Michael Hollo.
Susan Brown moderated the panel discussion and audience Q&A, during which panelists shared their views on a range of topics related to investments and the economy.
“Of the 20,000+ companies in the U.S. with revenues of at least $100 million, 87% are private companies… which means if you only invest in the publicly traded markets, your opportunity set is only 13% of the true investable universe.” – Susan Brown, Moneta
Topics of discussion included:
- How should investors view private equity in the context of their overall investment portfolio?
- What is your greatest differentiator relative to the marketplace?
- Given today’s economic landscape as it relates to your investment strategy and portfolio, what keeps you up at night and what sort of proactive measures are you taking to address those concerns?
- What do you see as the biggest opportunity set that will emerge over the next 12-24 months?
“From an investment standpoint, we are excited about multifamily. If you look at housing starts in America, we are woefully behind in providing housing for people who want to own a home, and it has been going on for a while.” – Tuck Spaulding, Oakwood Real Estate Partners
“Understanding the tradeoff between risk and reward is critical in the lending business. Analysis of the strength of the management team and the company’s ability to pay us back are our biggest areas of focus during our diligence process.” – Angie Long, Palmer Square Capital Management
Q&A: In 2023, “Artificial Intelligence” has been crowned as the word of the year. What significance does this hold for you and your company?
“Artificial intelligence is still very new, but every single one of our companies is thinking about it and how it can impact their business, and how they can deploy it within their business. The transformative nature of AI means it has the power to redefine winners and losers in the business landscape. It should be considered both offensively and defensively as companies plan for the future.” – Fred Coulson, Five Elms Capital
© 2023 Advisory services offered by Moneta Group Investment Advisors, LLC, (“MGIA”) an investment adviser registered with the Securities and Exchange Commission (“SEC”). MGIA is a wholly owned subsidiary of Moneta Group, LLC. Registration as an investment adviser does not imply a certain level of skill or training. The information contained herein is for informational purposes only, is not intended to be comprehensive or exclusive, and is based on materials deemed reliable, but the accuracy of which has not been verified.
Trademarks and copyrights of materials referenced herein are the property of their respective owners. Index returns reflect total return, assuming reinvestment of dividends and interest. The returns do not reflect the effect of taxes and/or fees that an investor would incur. Examples contained herein are for illustrative purposes only based on generic assumptions. Given the dynamic nature of the subject matter and the environment in which this communication was written, the information contained herein is subject to change. This is not an offer to sell or buy securities, nor does it represent any specific recommendation. You should consult with an appropriately credentialed professional before making any financial, investment, tax or legal decision. An index is an unmanaged portfolio of specified securities and does not reflect any initial or ongoing expenses nor can it be invested in directly. Past performance is not indicative of future returns. All investments are subject to a risk of loss. Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets. These materials do not take into consideration your personal circumstances, financial or otherwise.
