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It is always cathartic to take inventory of oneself. Introspection provides a personal assessment of areas that you naturally know have to be improved. Although self-examination does not necessarily have to lead to self-criticism or a feeling of inadequacy, the evolutionary trait in all of us makes perfection or the quest for perfection an ultimate […]

Although it seems like private assets investing is at the height of its popularity with ubiquitous mentions across social, economic, financial, and cultural media, many institutions, entities, and individuals still hesitate to take the plunge. The most common reasons for the hesitation to enter this asset class that seems to be enveloping the world are

The top of a limited partner’s (“LPs”) funnel is a concept that most general partners (“GPs”) find hard to appreciate. The sheer number of investment opportunities from various sources including fund managers themselves, placement agents, re-ups, market mapping, etc. can be extremely disorienting. Analysts have to develop efficient practices for quick passes, polite turndowns, and

Throughout the years, I have had countless conversations with fellow analysts about how our job as professional skeptics permeates all areas of our lives. Whether watching a television commercial, discussing the premise of a show or movie, going shopping, or casually speaking to loved ones, this skepticism can come across as a wet blanket snuffing

As part of the fellowship of analysts, allocators, and investors seeking consistent, uncorrelated, and outsized returns, these lines from the band Oasis’ 1995 smash hit song “Wonderwall” play over and over in my mind – “All the roads we have to walk are winding, and all the lights that lead us there are blinding”. Never

I have always had a soft spot for funds of funds (“FoFs”). Maybe it is because my private assets career started as FoFs were making real inroads in the industry. It could also be because I consider FoFs a cherished segment of my personal network. Or maybe it is because I regard the research of

In my almost 20 years of private assets investing, the thing that has caused me the most disconcertion in the industry is the conspicuous, but intellectually masked, lack of individuality when choosing where to invest. The dearth of independent thought is the openly hidden backbone of the investment world. This groupthink frame of mind is