Masters in Business David Conrod on Successor Funds and Growth Equity (Podcast)
Jan 28, 2022
David Conrod, co-founder and CEO of FocusPoint Private Capital Group, shares his extensive experience in capital raising and private equity. He dives into the intricacies of raising successor funds in venture capital and how innovative strategies can lead to success even in challenging markets. Conrod also discusses the intersection of technology and traditional investment methods, as well as the increasing role of ESG factors in shaping private equity decisions. His insights offer valuable guidance for aspiring professionals in the ever-evolving financial landscape.
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Guggenheim's Origin
- David Conrod helped create Guggenheim Partners from a small broker-dealer and the Guggenheim museum brand.
- They merged with the Guggenheim brothers, secured working capital, and did a reverse merger with Liberty Hampshire in October 2000.
Private Equity Entree
- Conrod's early exposure to private equity at HSBC involved raising capital for a small Asian private equity fund.
- This led him to recognize the higher fees in private equity compared to long-only fund management.
Asian Crisis Impact
- The Asian financial crisis significantly impacted funds invested in Southeast Asia due to currency devaluation.
- US private equity firms then entered the market, creating opportunities for HSBC and later Guggenheim.
