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Christian Munafo

Christian Munafo - Chief Investment Officer, Liberty Street Advisors, Inc


Christian has over 20 years of experience in finance, the majority of which has been focused on secondary investments involving venture-backed and growth companies and funds.

Prior to joining the Private Shares Fund investment management team and Liberty Street Advisors, Inc., Christian was co-head of the Global Private Equity Secondaries Practice at HQ Capital. Prior to that, he served as head of secondaries at Thomas Weisel Partners. Christian holds a B.A. in Economics and Finance from Rutgers College.

Christian Munafo

My Insights

Outlook 2024
Outlook 2024: Christian Munafo (Private Shares)
December 2023

Private Shares – An opportunity to participate in the accelerating growth of companies staying private for longer

Investment Opinions
Capturing value in late-stage venture capital investment
14 September 2023

With the mixed macroeconomic backdrop seeing more private companies delay plans to go public, liberty street advisors’ christian munafo discusses the specific appeal of late-stage companies over their early-stage peers. Christian also explains why the tougher exit environment can present new opportunities for investors.

Investment Opinions
Finding opportunities in private markets
15 June 2023

Over the last two decades, the number of companies listed on public markets has roughly halved. Liberty Street Advisors’ Christian Munafo examines why companies today are staying private for longer and outlines the opportunity this presents for investors.

Investment Opinions
Why invest in private shares?
13 October 2022

The number of companies listed on the US stock exchange has virtually been cut in half over the past few decades. Liberty Street Advisors’ Christian Munafo explores why so many companies are opting to stay private for longer and the potential benefits offered by access to private shares.

My Videos

Active Thinking

11:16 min watch

Private Shares – Christian Munafo
19 October 2023

Christian Munafo of Liberty Street Advisors notes an improvement in market conditions for investors in late-stage private companies; many of these companies are similar to what public market investors used to seek in small to mid-cap growth stocks. He also stresses that many of them are not just high growth, they are also at or approaching profitability.

Active Thinking

11:54 min watch

Private Shares – Christian Munafo
28 July 2023

Christian Munafo reiterates the opportunities present in private market investments, with areas such as artificial intelligence and machine learning, big data analytics, cybersecurity and robotics generating significant revenue traction.

My Awards

Capabilities
GAM’s Private Shares strategy named Emerging Fund of the year by Financial Newswire/SQM Research in Australia
September 2023

GAM’s Private Shares Strategy, managed by our partner firm Liberty Street Advisors, was named Emerging Fund of the Year at The Financial Newswire/SQM Research 2023 Fund Manager of the Year Awards. The awards seek to identify the best of the best among fund managers available in Australia across 18 investment categories.

Click here to see the full list of winners.