Relative value investing
Changing market conditions, as well as transformative and regional trends, can significantly affect the attractiveness of different sectors and industries. We therefore conduct regular analysis to identify and further define those sectors, regions and industry strategies likely to offer higher value relative to other segments at that time.
While the relative value approach offers the potential to identify the most attractive returns from a top-down perspective, it requires a comprehensive array of skills and can only successfully be implemented from the bottom-up by a large, globally integrated team with a broad industry network, strong deal flow and experience over many economic cycles.
We summarize our relative value approach and current outlook for the private markets asset classes on a semi-annual basis in our Private Markets Navigator.
Since inception, our large global team has established an extensive network of entrepreneurs, industry experts and private markets managers across the globe that gives us access to a multitude of investment opportunities.
Our investment professionals screen several thousand investment opportunities every year. Our rigorous investment selection process means that we only invest in a small fraction of this overall deal flow, enabling our investors to benefit from the highest quality investments with the best value creation potential.