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Introduction to Late Stage Private Shares

Christian Munafo

Chief Investment Officer, Liberty Street Advisors, Inc

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The key role of commodities - Danny Dhingra
24 April 2024

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Five structural trends for Europe – Niall Gallagher
17 April 2024

05:54 min watch

Introduction to Late Stage Private Shares
Thursday, April 11, 2024

Christian Munafo, CIO of LSA, provides an overview of the opportunities in private markets.

03:02 min watch

Multi Asset Solutions Central Europe - Andrea Quapp
19 October 2023

Andrea Quapp highlights the fact both stocks and bonds are currently attractively rated, which is presenting her with asset allocation opportunities. She also mentions the importance of innovations such as artificial intelligence and, specifically for Switzerland, the appeal of the Swiss real estate market.

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Scenario Economico Novembre 2023
Friday, November 10, 2023

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.

11:16 min watch

Sustainable Investing – Stephanie Maier
19 October 2023

Stephanie Maier updates us on the major recent developments in sustainable investing, the importance of sustainability funds labelling, and the progress update on the 17 Sustainable Development Goals (SDGs).

10:54 min watch

Multi Asset Solutions – Julian Howard
19 October 2023

Julian Howard reflects on the combination of stretched valuation and a tight equity risk premium that has made equities less attractive in the short term. However, it does not undermine the very long-term case for equities, in his view. He also notes the long-term structural case for China.

10:36 min watch

Systematic Core Macro
19 October 2023

GAM Systematic’s Dr Chris Longworth and Guglielmo Mazzola highlight bond sell offs and a commodities rally as significant market events, and note that systematic investment approaches can help provide investors with much-needed diversification for their portfolios.

03:20 min watch

Emerging Market Debt – Paul McNamara
19 October 2023

In his latest video update, Paul McNamara discusses how factors in major developed markets have had a major influence on emerging market (EM) debt, how EM fundamentals differ from their developed peers and offers his outlook for the asset class.

04:58 min watch

Mortgage Backed Securities – Tom Mansley
19 October 2023

Tom Mansley notes that US home prices remain supported by strong demand amid rate hikes, the resilience of mortgages issued prior to 2008 and the forward looking for spread tightening.

07:29 min watch

Credit Opportunities – Gregoire Mivelaz
19 October 2023

Atlanti’s Gregoire Mivelaz highlights the three major events of Q3 that impacted his investment universe: earnings, bond call dates and the reopening of primary markets. He believes given we are now in a late credit cycle, credit quality matters for investors. And he notes that market mispricing is continuing to lead to opportunities.

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.