January 12, 2023
Key Takeaways
1. Small buyout investments are an important component to endowment-style investing and have generated excess returns for investors over the past twenty years.
2. We believe small buyout markets are less dependent on macroeconomic forces like interest rates or the direction of public equity markets making them a diversifying source of absolute returns.
3. Investing in small buyouts takes a unique skillset and a team with deep networks and insight in the space – not only to identify opportunities, but also to offer support to managers as a business and strategic partner.
In the second of his three-part series on the Endowment Model, Deputy CIO Matt Bank examines the incomplete quantitative arguments around endowment performance and offers a more substantive evaluation framework.
As many smaller endowments and foundations opt to outsource their investment management, the Financial Times spoke to GEM's Deputy CIO Matt Bank about how this arrangement can be beneficial to such institutions.
The first of Deputy CIO Matt Bank’s new series, The Long View, reaffirms GEM’s belief that the Endowment Model – in the right hands, for the right institutions – remains a compelling means of achieving risk-adjusted returns.
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