A GEM of an idea
Matt Bank, deputy CIO at GEM, emphasizes that simply investing in private equity may not yield significant returns currently. He highlights the necessity of strong manager selection, noting that average private equity funds have historically only slightly outperformed public markets. GEM focuses on lower mid-market funds, typically under $1 billion, and works with independent sponsors. Meanwhile, Stanislas de Joussineau, previously at KKR, is launching Mustard Seed + Partners Fund I, targeting €300 million for growth-stage businesses with sustainable impact potential.
AIF advances
India’s alternative investment funds (AIFs) raised $34 billion in the past year, up 43% from the previous year, with a majority driven by Category II AIFs. The market is seeing increased foreign investment, aided by favorable regulations.