E77: Justin Pollack on PineBridge’s ($168 Billion AUM) Investment Thesis
How I Invest with David Weisburd
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Navigating Valuation and Fund Size in Private Equity Investing
The chapter covers the complexities of valuing private companies, emphasizing the importance of actual performance in private equity and managers being incentivized by selling a business. It also delves into the strategy of fund of funds, particularly investing in emerging managers for potential higher performance. The discussion extends to the impacts of fund size on investment strategies, the risks and benefits of firm size, dynamics of different subsectors, and managing funds for clients, with a spotlight on PineBridge's venture strategy focusing on later-stage ventures.
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