Investing with an Evergreen Lens Series with iCapital and Vista Equity Partners, KKR, Hamilton Lane: Ep. 1 - Vista Equity Partners' Dan Parant

Everyone is talking about evergreens.

Alt Goes Mainstream has collaborated with iCapital and Co-Founder & Managing Partner, Head of Portfolio Management Nick Veronis to dive into the evergreen question with some of the leading practitioners in private markets.

This three part series with industry experts from Vista Equity Partners, KKR, and Hamilton Lane shines a light on one of the fastest-growing areas in private markets and its impact on the wealth channel.

The three part series features:

• Vista Equity Partners Managing Director, Global Head of Private Wealth Solutions Dan Parant.
• KKR Managing Director, Head of Americas, Global Wealth Solutions (GWS) Doug Krupa.
• Hamilton Lane Managing Director, Co-Head US Private Wealth Solutions Stephanie Davis.

Please enjoy the first episode of the series as Nick and I talk with Vista Equity Partners’ Dan Parant.

Show Notes
00:19 Welcome and Guest Introduction

00:39 Vista's Founding and Early Days

02:05 Vista's Growth and Achievements

03:11 Dan's Background and Role at Vista

04:07 Enterprise Software Investment Thesis

05:11 The Resilience of Enterprise Software

07:11 The Private Market Advantage

07:25 Constructing Portfolios for Wealth Channels

08:13 The Shift from Public to Private Markets

09:52 Evergreen Funds and Their Benefits

11:06 Evergreen Strategies in Software Investing

12:01 Advantages of Evergreen Structures

13:09 The Role of Private Equity in Evergreen Funds

13:17 Private Companies Staying Private Longer 

19:25 Vista's Approach to Different Company Sizes

20:28 Growth vs. Yield in Evergreen Strategies

21:11 The Importance of Scale in Evergreen Funds

24:24 Challenges of Managing Evergreen Structures

26:12 The Discipline of Manager Selection

28:41 Educating Investors on Evergreen Structures

30:08 Omnichannel Education Strategies

31:04 Product-Specific Education

32:00 Understanding Liquidity in Evergreen Funds

33:37 Structuring Liquidity Parameters

36:17 The Future of Evergreen Strategies

39:45 Closing Remarks and Final Thoughts
40:17 Legal & Compliance Information