In this episode of Pizz-Spectives, Rob Pizzichetta, founder of Mont Wealth, engages in a comprehensive conversation with Mario Giannini, Executive Co-Chairman of Hamilton Lane. They explore the evolution of private equity and private markets, with insights about the shift from why to how much in private equity investing, the transformation from high-leverage buyouts to growth-centric strategies, and the implications of staying private for longer. Mario shares his perspective on evergreen vs. closed-end funds, the dynamics of AI and its valuation, and the current state of private credit. Essential viewing for anyone interested in the intricate workings and future trends of private markets.

00:00 Introduction and Guest Welcome

00:53 Mario Giannini's Journey to Hamilton Lane

02:09 Evolution of Private Equity

04:00 Private vs Public Markets

08:57 Hamilton Lane's Competitive Edge

10:45 Understanding Secondaries in Private Equity

12:32 Private Equity in Australia

15:34 Evergreen vs Closed-End Funds

18:22 Liquidity in Evergreen Funds

19:26 Explaining Evergreen Funds to Investors

20:05 Institutional Comfort with Private Equity

20:40 Current Market Pricing and AI Investments

26:09 Portfolio Construction and AI Exposure

29:51 Private Credit vs. Banks

33:55 Concerns in AI and Market Speculations

35:00 Personal Interests and Closing Remarks

https://www.hamiltonlane.com/en-us

Rob Pizzichetta | BBus MFinPlan

Founder | Chair Investment Committee | Wealth Advisor

Mobile: 0419 514 278

Email: [email protected]

Authorised Representative: 1267301

Mont Wealth Advisors Pty Ltd

Address: Level 22, 8 Exhibition Street, Melbourne 3001

Website: www.montwealth.com.au

ABN 84 640 452 115 | AFSL 534358