Welcome back to another episode of "Going Public" with Evercore’s Glenn Schorr. In our latest installment, we dive into the frenzied dynamics of the private markets, likened to March Madness, as Glenn unpacks why separating the forest from the trees is crucial in determining which firms land in his “Final Four.”
Tune in on Apple Podcasts or Transistor to catch all the insights.
This episode tackles some of the burning questions in alternative asset management, such as:
- The importance of distinguishing between stock performance and long-term business health for alternative asset managers.
- The implications of today’s exit environment on stock performance.
- Why scale is a significant factor in the industry.
- The evolving relationship between banks and alternative asset managers, especially around private credit.
- Glenn’s conviction in the long-term growth trends of private markets, and the resulting opportunities for alt managers.
- And of course, in the spirit of March Madness, Glenn’s picks for his “Final Four” of top firms.
"Alt Goes Mainstream" has collaborated with Glenn, a seasoned expert who has witnessed the transformation of alternative asset managers since their inception. Glenn Schorr serves as a Senior MD and Senior Research Analyst at Evercore ISI, where he specializes in brokers, banks, asset managers, and trust banks. His tenure in financials coverage dates back to 2000, and he began monitoring alternative asset managers from the very moment they stepped onto the public stage.
Recognized as a leading analyst, Glenn combines rigorous research with a creative twist. His formidable reputation is reflected in his consistent appearances on Institutional Investor’s All-America Research Team, including notable rankings in recent years. Before his role at Evercore, he held a senior position as a financials analyst at Nomura.
Join us as Glenn imparts market narratives, charts the evolution of alternative asset firms, and identifies the most exhilarating trends shaping private markets based on industry titans’ moves. We’ll also take a whirl around his assessment of publicly traded firms.
Here are some standout moments from the podcast:
- "If a stock has dipped 25%, does that necessarily imply the company’s value has fallen by the same margin?"
- Glenn unveils his “Final Four” in the world of alt investing.
- Are private markets today presenting what he terms "a fat pitch?"
Additional segments in the episode include:
- A deep dive into current market stories and trends, live from Evercore, including discussions on earnings and how volatility impacts them.
- A spotlight on the pivotal role of infrastructure and private credit and the challenges of valuations amid market corrections.
- A discussion on investment prospects during downturns and the hurdles in fundraising and capital raising.
Key topics also encompass:
- The dynamic interactions between banks and alternative managers within private credit.
- A retrospective on the growth path of direct lending and strategic maneuvers by banks in this space.
- Important insights on acquisitions, market positioning, and the leverage of brand in asset management.
The conversation wraps up with a focus on long-term trends, risks, and regulatory transparency in private markets versus public ones and Glenn’s March Madness-inspired Final Four.
Editing and post-production for this episode were masterfully managed by The Podcast Consultant.
