ILPA Podcast – Voices of Private Equity

Voices of Private Equity is a bi-weekly podcast series featuring the leading voices from across the private equity industry in candid, personal conversation about the industry itself and their experience within it.

Listeners will be given a unique view into the insights, strategies and thoughts of leaders in this space. You’ll want to keep tuning in to hear first-hand how the people who make high stakes decisions go about sorting through the challenges, opportunities, risks and rewards while market and political dynamics swirl around them.

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In this episode:

Tanya Carmichael, Ontario Teacher’s Pension Plan’s Managing Director of Global Funds and former ILPA chair discusses how she found her way into the private equity world and who helped her get there.

As environmental, social and governance factors continue to gain prominence within the industry, Tanya discusses how she came about to understand the importance of ESG, and how she worked to implement ESG into the OTTP investment process.

Within the context of today’s environment, Tanya challenges the PE industry to continue to press further on ESG and lays out concrete steps that both LPs and GPs can take to demonstrate their commitment.

Have questions, comments, or concerns? Email us at voicesofprivateequity@ilpa.org.

In this episode:

Teacher Retirement System of Texas’ Managing Director of Private Equity, and current ILPA chair Neil Randall discusses why private equity has and can continue to deliver outsized returns for beneficiaries.

In a fast-changing world, it is important for the private equity industry to continue to adapt and drive value creation. Neil highlights some of the ways that GPs can continue to innovate, and ways that LPs can help drive that innovation. At Texas TRS, Neil and his team are committed to the ‘Texas Way’ and are constantly looking for new ways to deliver better returns, drive alignment, and engage the industry.

Lastly, Neil gives his recommendations for someone visiting Austin for the first time and speaks about what he would love to do if he weren’t working as an LP.

Have questions, comments, or concerns? Email us at voicesofprivateequity@ilpa.org.

In this episode:

Melissa Ma discusses her experiences as a co-founder and managing partner of Asia Alternatives, the longest-lived women-founded private equity firm, and reflects on the progress that the private equity industry has made in becoming more diverse and inclusive over the last 15 years.

In a time of geopolitical uncertainty, capital allocators are assessing the trajectory of the relationship between the world’s two largest economies –the US and China. Melissa offers her take on how the relationship between the two superpowers might impact capital markets in the future. She also discusses the true potential of “democratizing” private equity, in the context of a broader push to open up private markets to retail investors.

Lastly, Melissa reflects on her relationship with two of her lifelong mentors and shares poignant thoughts on the best advice she’s received.

Have questions, comments, or concerns? Email us at voicesofprivateequity@ilpa.org

In this episode:

Neil Malik, founder and CEO of K-1 Investment Management, discusses how Sponsors For Educational Opportunity (SEO), a non-profit dedicated to engaging individuals that have historically been underrepresented in the financial services sector, helped launch his career in private equity.

As the private equity industry places increased focus on diversity and inclusion efforts, Neil explains how K-1’s culture allows the firm to recruit individuals without ‘traditional’ private equity resumes. He also discusses the importance of voter participation and what K-1 is doing to encourage their team to exercise the privilege of voting.

Lastly, Neil reflects on how a lesson from his old high school teacher still impacts him and K-1’s culture to this day.

Have questions, comments, or concerns? Email us at voicesofprivateequity@ilpa.org

In this episode:

Adam Black, the head of ESG and sustainability for Coller Capital, reflects on how environmental, social and governance issues were received in the industry when the concept was first introduced, and the importance of putting ESG issues into commercial terms.

ESG issues are coming to the fore in private equity, but the industry still struggles both with defining ESG and applying consistency in implementation and metrics. Adam explains why a focus on measurable outcomes, rather than a framework, is critical to ESG success and why a GP’s approach to ESG can be symptomatic of how well the firm is run.

Have questions, comments, or concerns? Email us at voicesofprivateequity@ilpa.org

In this episode:

Steve Whatmore, the head of global private capital for the Queensland Investment Corporation (QIC) reflects on his career path in private equity and some of the challenges of managing US-based assets for an Australia-based institution.

In a world that is rapidly changing, Steve discusses the important role that technology and innovation strategies can play in a private markets’ portfolio. Steve examines specific ways our lives have changed in the digital era, and how QIC positioned itself to capitalize on that transformation.

Have questions, comments, or concerns? Email us at voicesofprivateequity@ilpa.org