The Exchange by EW&L Private Wealth

Let us know your thoughts, questions, and who you want to hear from next!Today Managing Partner, Tim Whybourne, speaks with with two senior members of the Pantheon global private equity team in CharlotteMorris and Victor Mayer about their new evergreen private equity fund coming to the Australian market.Pantheon is a global private asset manager managing over 65bn in discretionary assets across a range of private equity investments. They have 11 offices and 125 investment professionals around the world. They have been at the forefront of private markets investing for more than four decades, driving long-term value creation for their clients through strategies covering the full investment lifecycle.The Pantheon Global Private Equity Fund (PGPE) aims to provide professional investors around the world with unique exposure to a diversified private equity portfolio sourced by Pantheon’s global investment team. PGPE focuses on secondaries and co-investments, offering diversification by manager, stage, geography, vintage year and industry, all through a single allocation.High-conviction private equity portfolio accessed via a single allocationConcentrated in secondaries and co-investments, with a buyout and growth equity focusEvergreen allocation tool with immediate exposure and quarterly liquidityVictor Mayer is a managing director and portfolio manager at Pantheon in London and ictor is a member of Pantheon’s European Investment team where he focuses on the origination, analysis and execution of primary investments and co-investments. Prior to joining Pantheon, Victor was a Director at HSBC Alternatives Ltd, where he worked on primary fund investments, secondaries and co-investments across Private Equity, Private Debt and Impact. Before that, he spent 3 years at Access Capital Partners in Paris, having started his career in transaction services at Deloitte in Luxembourg. Victor holds a master’s degree in Corporate Finance from ESSCA in France.Charlotte Morris is a Partner in Pantheon’s Global Secondaries Team and is responsible for co-managing the activities of Pantheon International Plc (PIP). She is involved in all aspects of Pantheon’s secondaries business including the analysis, evaluation and completion of secondary investment opportunities. Charlotte joined Pantheon in 2006 from Cdb Web Tech, an investment vehicle listed on the Milan Stock Exchange. She serves as a member of Pantheon’s Global Secondaries Investment Committee and Sustainability Committee, and is engaged across Pantheon’s transactional investment activities. Charlotte received a master’s degree in mathematics from Cambridge.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.

Michael Lukin, Founder and Group Managing Partner of Roc Partners, shares insights on navigating the complex world of private equity. He discusses the origins of Roc and the evolution of private markets, highlighting the importance of relationships in fundraising. The conversation dives into strategic diversification, the dynamics of secondaries trading, and the integration of AI in investment strategies. Lukin also emphasizes the value of personal connections in challenging economic times and explores how risks can lead to growth.

Adrian MacKenzie, Founder and Partner of Five V Capital, is a private equity veteran with over 25 years of experience. He shares insights on finding and partnering with exceptional founder-led businesses. The discussion covers the crucial role of governance and leadership in private equity. Adrian also highlights the dynamics of current market trends, including the transformative impact of AI and the optimistic outlook for the Australian economy. He emphasizes the need to embrace opportunities and adapt strategies in a changing investment landscape.

Let us know your thoughts, questions, and who you want to hear from next!In today’s episode, Managing Partner, Tim Whybourne catches up with Vu Tran, one of the co-founders of one of Brisbane’s most successful starts ups where they discuss everything from what it was like growing up in Logan as a migrant and what it takes to build a company like Go1, through to leadership and what drives him to get out of bed in the morning and keep solving problems. We finished by touching on his latest venture in defence in particular building rockets to bring Australian manufacturing and defence capabilities back on shore.Vu Tran was the Chief Growth Officer and co-founder of Go1, a global e-learning company that has grown from humble beginnings in a garage in Brisbane to a worldwide organization with offices in the USA, South Africa, Vietnam, the UK, and Malaysia. Vu is also a practising doctor working in General practice and is passionate about developing innovative ways to promote healthcare with the broader community.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.

Let us know your thoughts, questions, and who you want to hear from next!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.

Let us know your thoughts, questions, and who you want to hear from next!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.

Let us know your thoughts, questions, and who you want to hear from next!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.

Let us know your thoughts, questions, and who you want to hear from next!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.