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Christian Munafo

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

Christian has 21 years of experience in finance, with the last 16 years 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

Investment Opinions

9 min read

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

6 min read

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.

Outlook 2023

4 min read

Outlook 2023: Christian Munafo (Private Shares)
December 2022

A Morgan Stanley analyst note in October said the total private capital market is set to grow at a 12% annual compounded growth rate over the next five years, taking assets under management to USD 17 trillion.

Investment Opinions

5 min read

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

11:54 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.

Active Thinking

11:37 min watch

Private Shares – Christian Munafo
24 April 2023

Christian Munafo highlights the events which had an impact on the venture space in Q1, including the rapid progress of generative artificial intelligence. He also explains why, going forward, we will start to see more bifurcation between higher calibre and lower calibre assets in terms of valuations.