Erik Hirsch, CEO of Hamilton Lane, on the Explosive Growth of Private Markets
The Compound and Friends
Portfolio Construction Matters More Than Headlines
Hirsch emphasizes disciplined portfolio construction and extreme selectivity, noting Hamilton Lane invests in less than 1% of secondary opportunities.
On this episode of Live From the Compound, Michael Batnick is joined by Erik Hirsch, CEO of Hamilton Lane, to discuss the state of private markets, why private equity is more correlated with public markets than investors may think, and what separates the best private market managers from the rest. They get into the rise of private credit, concerns around defaults and investor redemptions, the growing role of individual investors, why manager selection and portfolio construction matter so much, the booming secondaries market and controversy around day-one markups, plus why Hirsch believes private markets will continue to play a bigger role in investor portfolios.
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