Unwinding the Market’s Clock: Opportunities in Commitment Timing

This session has been archived and is no longer available for purchase. Participants who have purchased archived sessions are still able to access the video and receive credit.

Session Summary: Current financial and economic conditions present Limited Partners ("LPs") with the challenge of assessing opportunities to allocate to private markets in a volatile environment. This session will provide a survey of private capital data that spans all private closed-end fund types and vintage years from 1987 through 2018 to assess various capital commitment approaches that LPs could utilize in constructing a private markets portfolio of funds. Discussion will center around the factors that contribute to certain vintage years outperforming others, providing plan sponsors with information on what they should be looking for as they perform their due diligence. While acknowledging the practical difficulties associated with timing allocations, the session will address strategies to assist plan sponsors in reducing risk in this investment area. This session is from the 2024 Trustee School. Content may be dated.

Presenter:
William Kieser, PhD
Principal, Quantitative Research Group
Ares Management

Credits: This course is worth 1.0 GAPPT CEC (Continuing Education Credit). It also qualifies for 0.1 IACET CEU (Continuing Education Unit).
Instructions: Participants must watch the session video presentation and pass the session assessment to earn GAPPT CECs and IACET CEUs.
Prerequisites: None.
Equipment Requirement: Computer, tablet or smartphone and internet access. To avoid issues, please use Google Chrome as your browser.
Unwinding the Market’s Clock: Opportunities in Commitment Timing
Session Video Presentation
Session Assessment
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