Conversations with Mike: What are PE investments?

by goksor

Rasmus: Hi Mike, in our last conversation we spoke about institutional investors (LPs) who invests in private equity.  I’d like to hear a bit more about what these LPs invest into when they invest in Private Equity?

Mike: Hi Rasmus. Well as an LP, you are one of many partners that invest in a limited partnership. To qualify as a limited partner of the partnership, you can have only a minimal influence over the partnership. It’s almost like being a silent partner. You put the capital in, but you don’t guide the actual investment decisions.

Conversations with Mike: Who invests in Private Equity?

by goksor

Rasmus: Hello again, Mike. Let’s dive right into our next topic.  Did you know that more than 90% of the capital going into private equity comes from institutional investors (LPs)?

Mike: Hi Rasmus, yeah that sounds about right.  Institutional investors are focused on investing large amounts of capital with an extended time-horizon, so the asset class makes a lot of sense for them.  One interesting point here – there is a major misconception in the general public that private equity and venture capital managers are investing their own money, and that they are getting rich off the efforts of others.  That is true only to a very limited extent.  Most of the money comes from these institutional investors.

Rasmus: How would you break down the various institutional investor groups?

Conversations with Mike: Private Equity or Public Markets?

by goksor

Rasmus: This is the third blog post in the series Conversations with Mike.  I am speaking with my Bison co-founder, Mike Nugent, about the private equity and venture capital markets.  Today’s focus is on how private equity relates to the public markets.  Nice to have you back, Mike.

Mike: Good times. So where do you want to start?

Rasmus: I would love to hear your thoughts on the differences between public companies and companies that private equity firms invests in.

Conversations with Mike: Day in the life of an LP

by goksor

Rasmus: We are sitting down with Bison co-founder, Mike Nugent, to discuss the private equity and venture capital markets. In this second conversation we are focusing on Mike’s typical workday when he was at the Fund of Funds manager, SVG Capital.  Hi Mike.

Mike: Hi Rasmus, looking forward to sharing some more insights on the life of a limited partner.

Rasmus: Great.  Maybe the best place to start is to hear what you usually did when you first got to work?

Conversations with Mike: Meet Mike

by goksor

Rasmus: Hello, my name is Rasmus Goksor, and I am co-founder of Bison. We are a new online platform that brings firm level private equity and venture capital data to LPs in a fresh way. I am sitting down with my co-founder, Mike Nugent, for the first in a series of conversations that will highlight the private equity and venture capital markets. Today, I want to focus on Mike’s previous experiences in the financial markets. Thanks for taking the time to speak, Mike.

Mike: Thanks, Rasmus – I’m more than happy to.

Rasmus: So I’d like to start out by discussing your background. Where did you start working?