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Wealthion - Be Financially Resilient
Beyond Public Stocks: Unlocking Private Market Growth Secrets
Feb 15, 2024
Bob Long, CEO of Stepstone Private Wealth, discusses the benefits of private equity for individual investors, the shrinking public equity universe, and the role of evergreen funds. They also explore access to private markets, the impact of interest rates, private asset valuations, and the shift from public to private investing.
39:00
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Quick takeaways
- The private markets offer access to high-growth companies that would have traditionally gone public, providing individual investors with opportunities for premium returns and diversification.
- Evergreen funds are a convenient way for regular investors to access institutional-quality private market assets, offering regular liquidity, simplified tax reporting, and transparency.
Deep dives
Private markets vs public markets
The podcast discusses the shift in the investment landscape, with 87% of US companies with $100 million or more in annual revenue being privately held. The number of public companies has shrunk by about half in the last 20 years. This shift has led to the private markets offering access to high-growth companies that would have traditionally gone public. The private markets now finance innovative technologies and businesses that may not be profitable yet, in contrast to the past when profitability was often a requirement for going public.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode