December 11, 2025
The Long View—a series from GEM’s Co-CIO, Matt Bank— explores a range of topics relevant to the fiduciaries and allocators of institutional capital.
Despite buoyant markets and tight credit spreads, long-term investors face an environment defined by uncertainty, structural shifts, and persistent bouts of volatility. In this installment of The Long View, Matt argues that risk management is not a defensive add-on—it is the central craft of investing.
Bank examines how today’s conditions underscore the need for a holistic risk framework centered on:
• A well-articulated investment policy,
• A disciplined approach to rebalancing,
• The flexibility to act when odds temporarily shift, and
• A culture that enables clarity, candor, and decisive action.
The result is a practical guide for institutions seeking to steward capital across generations.
Our 2025 Impact Report explores a key question shaping the future of impact investing: how can investors support AI’s development and deployment in ways that maximize its benefits while mitigating its risks?
As dealmakers leave established firms to launch their own, many are turning to deal-by-deal and hybrid structures first. Caroline Dallas, a Managing Director in GEM's Investment Research Group, spoke with Buyouts about why GEM sees this as a natural market evolution.
GEM announced the promotion of six senior investors to Managing Director. The promotions reflect the depth and continuity of GEM's investment leadership across buyouts, venture capital, marketable investments, client strategy, and investment sourcing, and reinforce the firm's long-term commitment to leadership development and the pursuit of investment excellence.
Let’s start a conversation about how we can help.
