Katey Bogue, Head of Private Fund Solutions at Nasdaq, joins Ariel Babcock of FCLTGlobal and Jen Choi from ILPA on Nasdaq TradeTalks to discuss how they are driving Diversity Equity and Inclusion (DEI) data transparency in the private markets.
In an effort to improve transparency and disclosure standardization across the industry, Nasdaq recently announced a new initiative to collect and make available private fund manager diversity, equity and inclusion (DEI) data through the eVestment platform.
Katey Bogue, Head of Private Fund Solutions at Nasdaq, recently sat down with Jess Larsen for a conversation about private credit and his professional journey in the industry.
Jess is the Founder & CEO of Briarcliffe Credit Partners, a placement agent exclusively dedicated to private credit. In their conversation Jess offers his views on the current market climate for private credit and shares the Five P’s of Fundraising that are integral to Briarcliffe’s fundraising strategy.
As demand for access to private markets funds from institutional investors continues to grow, a notable trend has appeared to help meet that demand: “Non-flagship” fund capital raising.
For LPs, investing in non-flagship funds offers the opportunity to build deeper relationships and partnerships with a concentrated list of firms they already know well or, alternatively, the opportunity to get their foot in the door at hard to access GPs.
Strong boards of directors are vital to helping companies maintain a longer-term focus while executing on shorter-term priorities. A board’s unique position atop the organization allows it to shape corporate culture while guiding long-term strategy through a mix of encouragement, skepticism, and guidance. This role is consistent regardless of the ownership structure of the company—be it publicly held or privately controlled.
Katey Bogue, Head of Private Fund Solutions at Nasdaq, recently spoke with Sarah Keohane Williamson, CEO of FCLTGlobal, about the importance of adding boardroom diversity at the portfolio-company level and Sarah shares some insights from FCLTGlobal’s latest research report, The Missing Element of PE: Creating Long-term Value Through Portfolio Company Board Diversity.
Nasdaq Private Fund Solutions hosted a virtual event which featured several content sessions designed to help LPs and GPs navigate the complexities of today’s private markets. In the keynote panel of the event, Nasdaq’s head of Private Fund Solutions, Katey Bogue spoke with leading institutional investors from Desjardins Group and Nykredit Asset Management about ESG.
Digital infrastructure is quickly becoming one of the most sought-after strategies within real assets for public pension plans. Digital infrastructure funds invest in the critical assets that help power and support our increasingly data-driven and Internet-connected world. Funds invest in assets such as cell towers, fiber optics lines & network, and data centers.
The mercurial nature and uncertainty of the markets in 2020 left many industry observers wondering how public pension plan allocators would approach commitments to private markets funds in 2021. Crossing the midpoint of the year affords us the opportunity to pause and look back at how it has progressed in terms of private equity fundraising while also looking to the future to see what the rest of the year may hold for fundraising GPs.
After 2020, which saw London-based CVC Capital Partners take top spot for capital raised from US-based pension plans, data through the mid-year mark of 2021 from eVestment shows that interest in European fund managers and strategies remains robust.
As of 6/30/2021 the plans tracked by eVestment had reported 2021 commitments of over $10.3 billion to European strategies. Interest in the continent is spurred in part by pension plans seeking differentiated strategies from the crowded and frothy US market and more positive outlooks from consultants.
In June 2021 public pension plans reported $6.45 billion in commitments to private equity funds according to data tracked by Nasdaq eVestment. The total represents 111 commitments from 37 pension plans. June was the third highest month for commitments in 2021 trailing March ($10.8 billion) and April ($9.0 billion).