Craig Everett Discusses Private Capital Markets in Comprehensive Story in Institutional Investor
Craig Everett, assistant professor of finance and director‚ Pepperdine Private Capital Markets Project described results from the 2021 Pepperdine Private Capital Markets Report in a story in Institutional Investor. Dr. Everett described how limited partners saw direct investments as the asset that offers the strongest risk-return tradeoff. In fact, 36 percent of LP respondents agreed with that assessment. “I wouldn’t have guessed that,” said Pepperdine University finance professor Craig Everett, the director of the Private Capital Markets Project, in an interview with Institutional Investor. “Direct investments carry a lot of risk, so if they have the best risk-return profile, that would mean that the return has to be really good. [The LPs] must be really expecting high returns.” Everett attributed LP trust in direct investments to an overall increase in access to information over the past decade. “Over the last five to ten years, direct investments have gotten more exposure,” he explained. “I think the big institutional investors who are looking for these investments have a much easier time finding them now than they did before.”
The full news article in Institutional Investor is available here.