Private Market Talks: Conversations and insights on the private markets with private capital’s leading figures.

David Mihalick, Co-Head of Global Investments at Barings, shares his insights from leading one of the world's top investment firms. He discusses strategies navigating today's complex economy, focusing on the adaptability of middle-market companies to financial challenges like inflation. The conversation dives into the impact of tariffs and U.S. policies, while also exploring the transformative role of AI in private markets and how it reshapes human capital dynamics. Mihalick's unique background in military leadership adds depth to his perspectives on strategic thinking.

As America turns inwards, investors are turning east, towards Europe. It’s a seismic shift not seen since the end of WWII. In this episode, we talk with Symon Drake-Brockman, co-founder and Managing Partner of Pemberton Asset Management, one of Europe’s largest private credit platforms, about the implications of this shift. Prior to starting Pemberton, Symon navigated critical world events on behalf of major financial institutions, including the impact of Russia seizing Crimea, the Asian financial crisis, the Global Financial Crisis, and COVID. During our conversation, Symon helps to put current events into perspective and offers insights as to why today’s capital allocators are rediscovering Europe.

With over $62 billion of AUM, Adams Street is a global investor in private equity and private credit.  It invests in over 450 global general partners in private equity and directly invests in private credit.  As such, Adams Street has a unique window into these private markets.   Bill Sacher sits on the firm’s Investment Committee and is Global Head of Private Credit.  During our conversation, Bill discusses how Adams Street is navigating today’s rapidly changing market dynamics.

Over the past 20 years, as Managing Partner and CEO, Tracy Stuart has transformed Corbin Capital Partners from a few hundred million to over $9 billion in AUM. In this episode, we explore what has driven Corbin’s success and how its disciplined, research-focused strategy and client-centric philosophy will sustain it into the future. Tracy also shares what she has learned about leadership and offers advice to young professionals looking to make their mark in the industry.

The Asia-Pacific private credit market has doubled in the past five years, presenting growing and intriguing opportunities for credit investors. Despite its growth, the APAC region remains a complex, diverse and often unfamiliar landscape that accounts for only about 7% of the global private credit market. We spoke with Christopher Botsford, founding partner of ADM Capital, to delve deeper into the APAC private credit market and the opportunities it presents as well as its key differentiators from the American and European regions. With over three decades of experience in the area, Chris shares his approach to navigating this dynamic market and strategies for successful credit investing in one of the world’s most vibrant economic areas.

In our first episode of 2025, we speak with Robert Stark, CEO of Nomura Capital Management, who has been building a private credit business and expanding Nomura’s investment management capabilities in the Americas. During our discussion, we learn how he successfully launched the platform in a highly competitive market and how Nomura has been able to activate its network of registered investment advisors to bring private credit to the private wealth channel.

Two decades ago, HighVista Strategies set out to transform alternative investing by tapping into less efficient markets in search of alpha. Today, with $11 billion under management, the firm remains at the forefront of uncovering unique investment opportunities.   In this episode, we sit down with Raphi Schorr, Deputy Chief Investment Officer at HighVista, to explore how the firm crafts its portfolios, manages governance strategy and continues to redefine success in both public and private markets. Finally, as 2024 comes to a close, Raphi to shares his insights from the past year and predictions for what to expect in 2025.

In this episode, we are thrilled to be joined by Liz Campbell, Chief Investment Officer at Portfolio Advisors, a global private asset manager specializing in the US middle market. Together with its parent company FS Investments, Portfolio Advisors manages over $82 billion in assets, giving Liz unparalleled insights into today’s private market landscape.  During this episode, we take a deep dive into the secondaries market and the major forces driving its explosive growth. We talk about the pros and cons of continuation funds and the dynamic evolution of secondaries into new sectors. To close, we get Liz’s perspective on what makes a great CIO. Tune in for an in-depth, expert view on private markets and the future of secondaries!  

This is a special episode that we recorded live at Proskauer’s flagship Private Credit Summit, part of its private capital event series. More than 200 capital allocators, lenders and investors joined us for an afternoon of lively discussion about private credit, fund formation and other hot topics. A highlight of the event was this conversation with the keynote speaker, Kipp deVeer, Head of Credit at Ares Management, which we recorded live for out Private Market Talks audience. Ares is one of the world’s leading private credit asset managers, so we took the opportunity to get Kipp’s views on some of the most recent market trends hitting the headlines. We cover the impact of lower interest rates on loan volumes and returns, the probability of higher defaults, the fundraising environment, and the potential for dispersion among asset managers and consolidation within the industry. Click below to hear Kipp, live from the 2024 Private Credit Summit.

Welcome back to Private Market Talks!  In this episode, we are joined by Shanna O’Reilly, co-head of Private Investments at Wellington Management, one of the world’s largest investment managers.  Shanna helped drive the growth of Wellington’s Private Investment platform to where it now manages over $8.5 billion of AUM. During our conversation, we discuss how she built the platform by leveraging the firm’s public market expertise, particularly in late stage venture capital.    We cover the nuances of venture investing, risk diversification, the challenges of managing growth, and her strategy to lean into some of today’s hottest areas like credit real estate, debt and secondaries. To wrap up, we reflect on the keys to navigating a competitive landscape and essential qualities for building a unified and dynamic investment team.