Capital Allocators – Inside the Institutional Investment Industry 2023 Top Episode #3: Kipp deVeer – The World of Private Credit at Ares, EP.329
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Dec 27, 2023 Kipp deVeer, Director and partner at Ares Management, dives into the dynamic world of private credit. He shares his evolution from Wall Street to Silicon Valley, navigating career challenges and personal growth. Kipp discusses the maturation of private credit as an asset class, exploring current trends and investor perceptions. He highlights the significance of scaling success and operational efficiency, while also covering risks and investment opportunities in a tightening market. Personal insights reveal his love for skiing and the impact of mentorship on his journey.
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Kip's Early Career
- Kip DeVeer's mom passed away during his senior year at Yale, disrupting his job search.
- He hustled and landed a JP Morgan analyst role through networking, later transitioning to asset management.
Contrarian Mindset
- Kip DeVeer's contrarian nature and skepticism drew him away from the Silicon Valley tech boom.
- His focus on downside protection and value investing led him back to Wall Street.
Joining Indus US Capital
- Kip DeVeer joined Indus US Capital, a boutique firm within a French bank.
- This firm's focus on middle-market, entrepreneurial companies aligned with Kip's interests.