10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
E116: How Everyday Investors can Access Private Equity w/Pantheon ($70B AUM)
Victor Mayer, Managing Director, Head of Private Wealth at Pantheon sits down with David Weisburd to discuss why top GPs are rushing to evergreen funds, how Pantheon balances small-cap potential and large-cap stability, and the benefits of Pantheon’s no-cost co-investment deals.
Key Points
- Institutional investors should be cautious about the growing leverage and pressure to deploy capital in large cap funds, which might not be the most favorable environment for private wealth investors.
- Pantheon's evergreen fund structure provides a compelling alternative to traditional closed-end funds by offering continuous investment without the administrative burdens and potential tax inefficiencies associated with forced distributions.
- Small and mid-cap buyout funds present a significant opportunity due to their higher growth potential, better alignment with entrepreneurs, and lower leverage compared to large cap funds, making them a valuable addition to institutional portfolios.
Chapters
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| 34:23 |
Transcript
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