Episode Details
Back to EpisodesGoldman Sachs’ Head of Alts for Wealth, Kristin Olson: What No One Tells You about Investing in Private Markets
Description
Kristin Olson, Goldman Sachs’ Head of Alternatives for Wealth, sits down with us for the most candid, no-fluff conversation about private equity and private credit we've ever had. .
She walks us through the very real benefits of investing in private capital while also answering the cynical questions: do “retail” investors in private equity products like evergreen funds and perpetual funds get the A-team investors? Are those structures getting the best deals? How do the fees compare to the fees on products for institutional investors? Plus, If more buyers flood the market, does that push prices up and compress returns?
Kristin breaks down for us how this whole ecosystem actually works, she discusses the biggest shift in private markets right now, and the pros and cons of newer structures that aim to make private assets feel more like “normal investing.”
Finally, we go deep on what investors should actually ask before putting money into private equity and private credit. Kristin talks us through how fees can be misleading, when carry is taken, hurdle rates, gating/redemptions, and what “liquidity” really means when markets get stressed. This is an episode every investor should listen to before putting private capital into their portfolio.
For a 14 day FREE Trial of Macabacus, click HERE
Shop our Self Paced Courses:
Investment Banking & Private Equity Fundamentals HERE
Fixed Income Sales & Trading HERE
Subscribe to our Substack: https://substack.com/@thewallstreetskinny