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Sarah Rundell of Top1000Funds recently interviewed Suyi Kim, Global Head of Private Equity at CPP Investments to go over what drives success at their giant PE portfolio: Suyi Kim, global head of private equity at CPP Investments manages quite possibly the largest private equity allocation in the world.
For all the years the investigation found child labor, PSSI has been owned by Wall Street's Blackstone--the largest private equity firm in the world. Blackstone told us "extensive pre-investment duediligence showed PSSI had industry-leading hiring compliance." How can this happen? Where did oversight fail?
And we did talk to a lot of people, but we were grateful to have a college endowment, a a publicly traded insurance company, a publicly traded company, corporations pensionfund, and some wealthy individuals join our first fund, which was a mighty $71.4 Now they’re privatecompanies.
ESG also aims to promote supposedly the goal of ESG is to promote the growth of companies that are supportive of beneficial practices, which is debatable and we’re going to get to that. So the greenwashing underneath the fund is a whole nother layer that most regular people cannot go that deep into duediligence and figure this out.
Ted Seides : Hedge funds often are quarterly liquidity, depending on the underlying. You get into a private equity or venture capital fund, now you’re generally talking about 10 to 15 years. Barry Ritholtz : Because you have to wait for that privatecompany to have some liquidity event to free up the cash.
When I came up in the industry, when a company would come up for sale, we would have four or five months to research that business, and to do duediligence, and to meet the management team, to build our models. But for individuals, historically, there have not been great options to invest into privatecompanies.
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