The Exchange by EW&L Private Wealth

In this episode, the partners catch up and discuss what happened with the most recent market tantrum, when we expect interest rate cuts, what impact that will have on the market, and the benefit of investing in private markets. They also discuss the implications of the upcoming US elections and where markets are heading from here.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Today we are trying a slightly different format in inviting you all into a discussion we had with Mark Carnegie, a titan of the Australian investment banking landscape and his interest in crypto assets.Mark has more than 30 years of experience as an entrepreneur, investor and corporate advisor in New York, London and Sydney. From 1990 to 2000 Mark was the Australian and Asian representative of  Hellman  &  Friedman following his training on  Wall  Street with  James  D.  Wolfensohn and,  in London, at Hudson Conway with Lloyd Williams. In 2000 Mark co-founded leading Australian boutique corporate advisory and private equity firm Carnegie, Wylie & Co Pty Limited with John Wylie. Carnegie Wylie was acquired by leading Wall Street bank,  Lazard Inc in  2007, and following the sale,  Mark was appointed the  CEO  of  Lazard Australia Private Equity. Throughout his career, Mark has been involved in a range of diverse Australian and  Asian investments and has participated in groups that have acquired major stakes in the  Courage Pub Estate,  John  Fairfax  Holdings, Hoyts  Cinemas,  Formula  One Holdings,  SCTV,  Macquarie  Radio Network,  Lonely Planet Publications and London Sumatra Plantations. As a corporate advisor, Mark has advised Qantas and Coles Myer on general strategic matters, Westfield on its A$22 billion merger and Qantas on its JetStarAsia start-up in Singapore. Mark holds a BA from Oxford University and a BSc (Hons) from Melbourne University.  He is a former Treasurer of the Oxford Union. Please join us as we listen in on a recent call we had with Mark regarding the case for having a meaningful allocation to crypto assets in your portfolio.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Steve Byrom, Founding Partner of Potentum Partners and former Head of Private Equity at Australia’s Future Fund, shares invaluable insights from his career. He discusses key lessons learned during the 2008 financial crisis and the importance of networks in sourcing quality investments. The conversation highlights the nuances of private equity, including assessing fund performance consistency and the growing interest in semi-liquid investments. Byrom also explores exciting opportunities, such as partnerships in debt servicing and the cybersecurity sector.

Today, Managing Partner, Tim Whybourne catches up with the CEO and co-founder of ReadyTech (ASX:RDY), overseeing its growth from early product development in 1999 to leading the ASX-listed SaaS company with reach across education, workforce, government and justice sectors – from Australia/NZ to a global customer base. With over 25 years of experience in business leadership and technology, Marc heads up ReadyTech’s global team of over 500 people who are committed to supporting more than 4,600 customers with mission-critical technology.Marc has bootstrapped the company through to private equity ownership through to an ASX listed growing it from 2 staff to over 600 currently. In their discussion they talk about the challenges of scaling a tech business through the different phases, what it takes to be a good leader and what they are doing to embrace the ever-evolving technology landscape.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

In this episode, Managing Partner, Tim Whybourne catches up with Gus McLachlan AO a distinguished leader who retired from the Australian Army in 2018 after an illustrious 37-year career. Fergus held key roles such as head of Modernisation and Strategic Planning, deputy chief of Staff for Plans at the HQ ISAF Joint Command in Afghanistan, and chief of staff for the Office of the Chief of the Defence Force, culminating his career as Commander Forces Command, leading 35,000 ground forces personnel.They discuss everything from Fergus's extensive military career and leadership lessons to his insights on building and maintaining high-performing teams. Fergus shares his experience in strategic planning, cultural and organisational change, and the integration of innovative technologies like cyber, robotics, and data analytics. They also discuss the current geopolitical outlook and the risks to Australia’s sovereignty.  Tune in to hear his thoughts on transitioning to the commercial and university sectors and his advice for emerging leaders aspiring to make a significant impact.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Peter Beske Nielsen, the Global Head of Private Wealth for EQT, shares insights from his 30-year career in private market investing. He discusses EQT's philosophy of long-term ownership inspired by the Wallenberg family, emphasizing the importance of 'future proofing' companies. Peter highlights EQT's commitment to healthcare investments and the shift toward democratizing access for individual investors. He also addresses the impact of inflation on investment strategies and the significance of risk management in private equity during uncertain market conditions.

In today's episode, Craig, Tim & Ryan discuss the current state of financial markets, where they see markets heading and why we should not be afraid of investing at all-time highs. They discussed their views on where interest rates are heading and what impact this might have for investors moving forward as well as some recent learnings in discussions with fund managers.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

 The two happiest days of owning a boat are the day you buy a boat and the day you sell it….other than when you are the lender to a Super Yacht manufacturer. If banks aren’t lending nowadays, then who is? Time for some discussion on the highly demanded World of private credit. Epsilon Direct Lending specialise in lending to some of Australia and New Zealand’s most respected mid-market companies, from IT through to coffee roasters. Epsilon provide institutional and wholesale investors with stable and attractive returns, with the Founders having sourced and arranged several billions of dollars of direct loans. Joe Millward is a Founding Partner of Epsilon Direct Lending and a member of the Investment Committee. Joe has 25 years of experience in a career covering direct lending funds management, growth, and event-driven corporate financing, business strategy, compliance, operations, and finance across Europe and Australia. Joe was most recently an Executive Manager in CBA's corporate bank. He previously held the roles of Chief Operating Officer of the Corporate & Investment Banking Division at Bank of America Merrill Lynch Australia and Head of Loan Funds at the Royal Bank of Scotland pc's asset management business. Joe is a fully qualified accountant and fellow member of the ACCA. During this podcast, Craig holds an in-depth discussion with Joe on the intricacies of lending to mid-market companies, how a deal is assessed and approved, through to lessons learned during his successful career in establishing one of Australia’s most reputable direct corporate lending companies. Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

 In this episode, the partners discuss Craig and Ryans's recent study tour to NYC where they had the privilege of learning from some of the world’s most successful investors such as Bobby Jain (Former CIO of Millenium), Ken Moelis (CEO of Moelis) and Sonny Kalsi (CEO of BGO) to name a few. The team also discusses how markets have performed over the past 6 months, their predictions for how the next 12 months will play out, interest rates, and the rise of private market democratisation.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

In this episode, Managing Partner, Tim Whybourne catches up with one of Australia's leading property experts, the Chief Economist of Ray White, Nerida Conisbee. Nerida provides market commentary to a wide range of Australian media outlets across digital, print, television, and radio. She also contributes to Ray White’s publications including Ray White Now. She is the Chair of the Construction Forecasting Council and is a member of the Australian Taxation Office’s Foreign Investment Stakeholder Group. She also provides updates on property market conditions to major Government bodies.  Nerida has more than 20 years of property research experience throughout Asia Pacific and has held senior positions within commercial agencies and major consulting firms during this time. Her experience covers residential and commercial property from both an investor and occupier’s perspective.During the discussion, they cover everything from the state of the Australian property market, what people need to watch out for, and where you might find pockets of growth over the coming years. Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.