IFSWF Santiago Principles

Collaboration in Private Markets: Are Asset Owners Collaborating Enough?

29 March, 2022, 14:00 to 15:00

Online Seminar
United Kingdom

The private markets are still early in their development, having grown into an institutional asset class only in recent decades. Reflecting this relative youth, organisational strategies that asset owners employ to invest in private assets also continue to evolve. Over the past decades, large asset owners have used external managers, and some have built internal capabilities to co-invest and invest directly. Collaborative approaches, whether to access new opportunities or to achieve better governance and economic alignment, are less common among institutional investors but may offer strategic and cost advantages. This session explores how and why asset owners are employing collaborative approaches to private markets investment.

Replay

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Speakers

Andreas Dische, Senior Portfolio Manager, Opportunistic Strategies, New York State Common Retirement Fund

Andreas Dische is a Senior Investment Officer at the New York State Common Retirement Fund, responsible for opportunistic investments across public and private markets. The fund is the third-largest public pension plan in the United States with over $250 billion in assets. Mr Dische invests in private credit, special situations, hedge funds and GP Stakes. He is an advisory board member of several funds and oversees the plan’s multi-sector fixed income strategic partnership mandates.

Previously, Mr Dische was Head of Global Macro at OMERS, where he led a team of multi-asset investors and managed an absolute return portfolio across global equity, fixed income and currency markets. Prior to that, he was Head of Global Tactical Asset Allocation Research at JP Morgan Asset Management and a Global Strategist at Goldman Sachs.

Mr Dische serves on the board of Capital Constellation and is a member of the American Council on Germany. He holds an MBA and a PhD in finance from the University of St. Gallen in Switzerland. Andreas was a Swiss National Science Foundation Fellow and a Visiting Scholar at Harvard University.

Rebecca Manuel, Managing Director, Global Partnerships, CDPQ London

Rebecca Manuel leads the focus on developing and enhancing CDPQ’s partner relationships with leading institutional investors and investment managers, industrial partners, family offices and financial institutions. Based in London, she and the CDPQ Global team work closely with CDPQ’s investment teams and partners to strengthen partnerships and identify quality opportunities for the broader CDPQ organization.

Ms Manuel joined CDPQ in June 2019 as Managing Director, Strategic Partnerships for Europe, then led the Strategic Partnerships and Major Financial Institutions team prior to assuming her current role. She has over 25 years of financial services experience. She has held the positions of Partner, Strategy and Investor Relations at Pollen Street Capital and Managing Director, Global Sovereign Wealth Fund Coverage, Investment Banking, at Bank of America Merrill Lynch. She was also Global Head of Sovereign Wealth Coverage and Global Head of Loan Syndicate at Royal Bank of Scotland.

She holds a BA in International Economic Relations from the University of Michigan and an MBA in Finance and Marketing from the Kellogg School of Management, Northwestern University. She was named one of Financial News’s “100 Most Influential Women in EMEA Finance” in 2008 and 2010.

Stephen Moseley, Deputy CIO and Head of Alternative Investments for the Alaska Permanent Fund Corporation

Steve Moseley is Deputy CIO and Head of Alternative Investments for the Alaska Permanent Fund Corporation. Steve manages over US$ 20 billion in assets and leads all private equity fund investment, co-investment, and direct investment activity for the APFC.

Before joining the APFC, Steve restructured, managed, and subsequently sold Marston-Ross Corporation, a Connecticut-based family investment office. Before that, he was president of StepStone Group, a global manager of diversified private market assets and, prior to that, co-president of the direct investment division of StepStone’s predecessor company, Pacific Corporate Group (“PCG”). During his time at PCG, he also served as CIO.

Earlier in his career, Steve served as a vice president in investment banking at Credit Suisse First Boston (“CSFB”) and as a principal in CSFB’s private equity investment affiliate, Windward Capital Partners. Before CSFB, he was an investment banker with Merrill Lynch in New York, Tokyo and London.

Mr Moseley received his MBA from Yale University and his BA from Wesleyan University.

 

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