Julian Salisbury, Goldman Sachs Global Head of Asset Management,

The video discusses the dynamics of private markets, focusing on capital growth, investment strategies, and the impact of interest rates. It highlights the importance of diversity in investment decisions and the benefits of a multi-asset class investing approach. The discussion also covers the challenges of valuation and the need for specialized strategies in growth equity.

What is a key challenge in maintaining decent valuations in private markets?

• Lack of capital

• Record M&A activity

• Low investor interest

• High interest rates

How can private equity drive value in companies?

• By avoiding growth equity

• By focusing on short-term gains

• Through influencing and being active

• By passive investment

What is the impact of interest rate changes on private markets?

• No impact at all

• Direct and immediate

• Depends on the margin for error

• Always negative

Why is diversity important in investment decision-making?

• It reduces costs

• It results in better investment decisions

• It increases groupthink

• It simplifies processes

What advantage does a global multi-asset class platform provide?

• Broader perspective and value judgments

• Higher risk exposure

• Limited investment options

• Increased specialization

What is driving the need for alternative investment strategies?

• Desire for higher risk

• Need for yield and growth

• Lack of investor interest

• Preference for traditional markets

How do alternative asset managers respond to market needs?

• By focusing only on public markets

• By reducing investment options

• By avoiding collaboration

• By creating sleeves of opportunity