Everyone is talking about evergreens.
Alt Goes Mainstream has collaborated with iCapital and Co-Founder & Managing Partner, Head of Portfolio Management Nick Veronis to dive into the evergreen question with some of the leading practitioners in private markets.
This three part series with industry experts from Vista Equity Partners, KKR, and Hamilton Lane shines a light on one of the fastest-growing areas in private markets and its impact on the wealth channel.
The three part series features:
Vista Equity Partners Managing Director, Global Head of Private Wealth Solutions Dan Parant.
KKR Managing Director, Head of Americas, Global Wealth Solutions (GWS) Doug Krupa.
Hamilton Lane Managing Director, Co-Head US Private Wealth Solutions Stephanie Davis.
Please enjoy the first episode of the series as Nick and I talk with Vista Equity Partners’ Dan Parant.
Show Notes
00:19 Welcome and Guest Introduction
00:44 Vista's Founding and Evolution
02:12 Vista's Investment Strategy
03:19 Dan's Background and Role at Vista
04:18 Enterprise Software Investment Thesis
05:29 The Resilience of Enterprise Software
08:19 The Role of Private Markets
09:26 The Shift from Public to Private Markets
10:42 Evergreen Funds and Their Benefits
12:16 Constructing Evergreen Portfolios
14:21 Advantages of Evergreen Structures
15:36 Private Companies Staying Private Longer
19:29 Vista's Take Private Strategy
21:21 Vista's Approach to Different Company Sizes
22:29 Growth vs. Yield in Evergreen Funds
23:23 The Importance of Scaled Specialists
23:32 Benefits of Scale in Private Equity
24:41 Large Buyout Funds Performance
25:47 Evergreen Fund Dynamics
27:04 Challenges of Managing Evergreen Structures
27:31 Performance and Scale Considerations
28:06 Deal Flow and Portfolio Construction
29:09 Importance of Manager Selection
30:37 Minimizing Cash Drag in Evergreen Funds
31:07 Specialization and Deal Selectivity
31:37 Educating Investors on Evergreen Structures
32:00 Omnichannel Education Strategies
33:23 Online Programs and Field Education
34:21 Product-Specific Training
35:23 Liquidity in Evergreen Structures
37:00 Structuring and Liquidity Parameters
38:00 Long-Term Investment Mindset
40:12 Future of Evergreen Strategies
40:22 Expanding Investor Reach
42:07 Efficient Allocation for Individual Investors
43:50 Conclusion and Final Thoughts
44:23 Legal and Compliance Information
Share this post