Bob Rice, Senior Advisor to Macquarie Investment Management weighs in on the private markets landscape, and what key factors advisors should consider when investing in them.
Historically, high minimums, long periods of illiquidity, complicated investment structures and risk factors have kept most advisors away from private markets. Today, rising investor demand and innovations in product structure have pushed many advisors to reconsider private investing.
Rice dives into the evolving world of private equity, private credit, and “infra-real” strategies and how recent developments could finally make private investments practical. Macquarie Asset Management is global asset manager providing clients with access to a wide range of capabilities and products including: infrastructure, real estate, private credit, fixed income, equities, multi-asset and liquid alternatives.
With more than $388 billion in assets under management, Macquarie is recognized as one of the top infrastructure managers and asset managers globally. Macquarie Infrastructure and Real Assets (MIRA) manages investments in over 150 portfolio businesses, roughly 500 properties and 4.8 million hectares of farmland across more than 30 countries.
Macquarie Investment Management aims to deliver outperformance through its active, long-term investment approach. The Macquarie Investment Management mutual fund family, known as Delaware Funds® by Macquarie, is managed by in-house Macquarie investment teams and has more than 90 years of history behind it.
To learn more, register and watch Macquarie’s webcast: Private Markets Get Practical.
Bob Rice leads a tour of the major private markets asset classes and the key developments that allow you to integrate them intelligently into your practice. Whether or not you currently invest in private markets, you will learn more about:
- Return and risk characteristics of different private market asset classes and styles
- Key considerations in portfolio construction and diversification
- New product structures designed for easy deployment across an advisor’s practice.
Bob Rice, “the advisor’s advisor” is a passionate advocate for investment professionals. He demonstrates why, and by how much, they can help improve financial outcomes for clients through portfolio construction and product selection, and explains the new investment options that advisors can deploy to retain and attract high net worth clients. Bob also coaches organizations within and beyond the financial services industry on navigating their businesses through periods of change. He has explained these topics for years through his lectures and webinars, regular television spots, articles, and books, such as the bestselling Three Moves Ahead and The Alternative Answer. In addition to serving as senior advisor to Macquarie Investment Management, Bob is the managing partner of Tangent Capital, a boutique investment bank and consultancy. He is also a senior advisor to Wilshire Associates, and a board member of Nasdaq Private Markets and of the investment advisor to the Value Line Funds. He serves on the editorial board of the Investments & Wealth Monitor. Bob’s unique insights derive from an exceptionally diverse career. After serving as a trial attorney at the US Department of Justice, he became a partner at the international law firm Milbank Tweed, where he focused on financial product development, tax, and ERISA matters. He then launched a technology startup that became the public company Viewpoint, of which he was the CEO. Along the way, he was also the commissioner of the worldwide Professional Chess Association.