Palico Capital Calls

Welcome to ‘Palico Capital Calls’, a podcast where we have conversations with some of the most brilliant minds in private equity. On our program we chat with LPs, GPs, and advisors to hear candid stories about the industry and get their take on what really matters.

Palico Capital Calls – Episode 17

Our guest this month is Andres Hefti, Partner at Multiplicity Partners, an investment firm specialized in providing liquidity solutions to holders of private market funds and distressed assets. In our conversation, he explains how Multiplicity Partners shifted from being an advisory firm to becoming an investor in PE secondaries. Mr Hefti shares his experience and enthusiasm for the secondary market and takes us through some real-life examples that demonstrate why this asset class is so promising. He gives us a direct view into how his firm sources and values opportunities. And we also get some great pointers on best practices and what to avoid when pursuing a secondary deal.

Palico Capital Calls – Episode 16

In today’s episode, we welcome Neetesh Kumar, Partner at Spruceview Capital Partners, a fund of funds investing in low and mid-market buyout funds in the United States. He takes us through Spruceview’s specific investment strategy, using real-life examples that illustrate the valuable opportunities that can be found in these specific markets and how it makes Spruceview so unique as investors.

Palico Capital Calls – Episode 15

In today’s episode, we welcome Maureen Stancik Boyce and Amy Salzhauer – both Managing Partners and co-founders of Good Growth Capital. Founded in 2015, Good Growth Capital is an early-stage venture capital firm known for its expertise in finding, cultivating, and assessing complex science and technology start-ups.

Palico Capital Calls – Episode 14

As a category endowments and foundations include some of the most sophisticated and prominent institutional investors. They have been long known for generating outsized returns from top-quality investment programs. With the pandemic, E&F investment portfolios are being relied on even more to support underlying operations. In this context, we spoke to 3 prominent guests from prestigious E&F programs: Abigail Archibald, Senior Portfolio Manager at the Andrew Mellon Foundation, Lisa Vazquez, Portfolio Manager at Mass General Brigham, and Kristin Reynolds, Partner & co-head of the E&F practice at NEPC.We get their thoughts on the top decisions they are making as they navigate unprecedented challenges.

Palico Capital Calls – Episode 13

We speak with Jennifer Choi, Managing Director for Industry Affairs at ILPA as she shares her view of the LP industry in recent months, how the crisis has impacted LPs engagement with GPs, and how ILPA has adapted to continue to serve the interests of LPs.

Palico Capital Calls – Episode 12

From partnering with Elon Musk to describing how Brookfield became a technology investor, Josh Raffaelli, Managing Director at Brookfield Asset Management and former Managing Director at Silver Lake takes us through his different experiences in technology investments. We talk about a special unit called Brookfield Technology Partners —a branch of Brookfield that invests in technologies that digitize the built world.

Palico Capital Calls – Episode 11

In this episode we’ll be talking about Endowments and Foundations with Brendon Parry, Managing Director & Head of Private Equity at TIFF. It is an interesting time for Endowments and Foundations as they face particular challenges brought on by the pandemic, and so our conversation is that much more meaningful as we talk to one of the foremost thought leaders in the space of PE investing for E&Fs. In the chat Brendon reflects on TIFF’s investment principles, how certain Endowments & Foundations remain solid despite the challenges brought on by Covid-19, and trends towards secondaries & co-investment opportunities.
Palico Capital Calls – Episode 10

A panel discussion featuring senior executives from VCFA, Coller Capital and Hamilton Lane. We discuss How technology helps Secondary buyers to make decisions? What reasonable expectations a seller should have during COVID-19? How buyers deploy their record amount of dry powder and their opinion on the cyclic nature of portfolio cash flows? And much more!

Palico Capital Calls – Episode 9

Chris Keller, Managing Partner at NextGen Venture Partners, as a true serial entrepreneur, created the world’s first celebrity fantasy league (Fafarazzi) and the world’s first email follow-up tool Followup.cc and then began his VC career at NextGen. An ex-Hubspot, Chris reflects upon how NextGen leverages its network for its portfolio companies, why he pushed to scale up by going virtual, and finally, his thoughts on the Fintech industry and how it helped consumers to tide over Covid-19 crisis.

Palico Capital Calls – Episode 8

Sean Ruhmann, Portfolio Manager running the TA Realty Core Property Fund, shares how his roots of a mechanical engineer kickstarted his Real Estate Investment industry career spanning almost 2 decades. The former Director and Partner at NEPC reflects on the current trends at ODCE Index and shares his take on the pressing factors on the future demand and supply. An ex-Goldman Sachs, Sean discusses how Core Real Estate funds act as income-focused assets, the unique diverging returns between different property classes and finally, his thoughts on the hybrid status of Real Estate funds regarding liquidity.

Palico Capital Calls – Episode 7

A panel discussion featuring senior executives from LACERA, Campbell Lutyens and Nokia Investment Management Corporation. We discuss- How COVID-19 is affecting the secondary market? What best practices should LPs consider when selling their fund stakes in this uncertain environment? And much more.

Palico Capital Calls – Episode 6

Asaf Horesh, General Partner at Vintage Investment Partners, served as a helicopter pilot under the Israeli Air Force before beginning his career in PE as a Principal at Greylock IL (now 83 North). The Wharton alumni and ex-BCG consultant reflects upon his unique path into the industry, how Secondaries and the Dot-com crisis proved a genesis for Vintage Investment Partners and his thoughts on the “second derivative” effects of Covid-19 and the demand for liquidity in the forthcoming future.

Palico Capital Calls – Episode 5

Steven Cowan, co-founder and managing director of 57 Stars, is a pioneer in the emerging markets private equity space, having begun his PE career in the mid-90s at the Overseas Private Investment Corporation (OPIC – now known as the DFC). We talk about his unique path into the industry, and we also get his thoughtful insights on emerging markets and what it means for PE investing in today’s market.

Palico Capital Calls – Episode 4

As an experienced venture capital investor, Luca Mannucci reflects on his past experiences in the field, the storied history of Banca Sella Group in the venture space, and how he thinks the current crisis may affect investment decisions from investors actively allocating to venture capital.

Palico Capital Calls – Episode 3

In episode three of Palico Capital Calls our Head of Strategy, Claire Commons, speaks to Eric Marchand, the Head of APAC Private Equity at Unigestion, who joins us all the way from Singapore to discuss the current and future outlook for private equity in the Asia Pacific region. The discussion highlights Eric’s start in private equity, where it has brought him today with Unigestion, and gives insight as to why the APAC region may come out of the current crisis stronger than other regions in the world.

Palico Capital Calls – Episode 2

In episode two our Head of Strategy, Claire Commons, sits down with Ted Lamade, Investment Director at the Carnegie Center for Science. In this candid interview, we discuss Ted’s life and growth as an investor who has dealt with crises in the past and how he continues to make investment decisions during the current downturn at a storied endowment.

Palico Capital Calls – Episode 1

In our first episode, we talk to our very own Claire Commons, Head of Strategy here at Palico. We discuss her 20-year career in Private Equity that has seen everything from 9/11, to the Tech-Bubble of the early 2000s, to the Global Financial Crisis of 08/09. She talks about what we can learn from those moments and what happens to be different in the time of Covid-19.