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Michael Sidgmore

Founder at Alt Goes Mainstream

Partner Broadhaven Ventures | Venture Partner @goodwatercap | Board @nowports @supersegmx @credijusto @liveoaknet | Ex @icapitalnetwork | ๐ŸŽ™ @goesalt & @comXcap

Highlights

Aug 18ย ยทย linkedin

Earlier this week, $361B AUM asset manager Janus Henderson Investors acquired a majority stake in $6B AUM private credit firm Victory Park Capital Advisors.

Why does this matter?

Janus Henderson Investors' big move into private credit highlights the "significant market opportunity" in asset-based finance, according to their CEO Ali Dibadj.

As private markets keep growing in size and scale, it's specialty that gets credit.

This development follows Blue Owl Capital's recent acquisition of Atalaya Capital Management and Brookfield Asset Management's purchase of majority stake of Castlelake's fee-related earnings.

Read on to find out more about why asset-based finance is a major focus for asset managers looking to add to their capabilities in private credit and for investors looking to gain exposure to private credit.๐Ÿ‘‡

This week's Alt Goes Mainstream AGM Weekly, brought to you by Intapp (Intapp DealCloud ), covers:

๐Ÿ—‚๏ธ AGM Index, an index that tracks the leading publicly traded alternative asset managers.

๐Ÿ—ž๏ธ AGM News of the Week, this week covering: ๐Ÿ“Œ Bloomberg's Lu Wang on a study that finds gamblers dumping stocks to bet on sports and what this means for the future of both investing and entertainment. ๐Ÿ“Œ Bloomberg's Sharon Klyne on private credit firms like Ares Management Corporation and Blue Owl Capital turning a focus to Australia's private wealth channel to raise capital for their private credit strategies. ๐Ÿ“Œ Institutional Investor's Michael Thrasher on a Preqin investor survey that finds institutions are planning to defer hedge fund investments until 2025.

๐Ÿ’ป Who is hiring: Senior-level positions from companies Blackstone, Apollo Global Management, Inc., iCapital, Arizona PSPRS, Hamilton Lane, Blue Owl Capital, 73 Strings, bunch, Hightower Advisors, Goldman Sachs Asset Management.

Subscribe๐Ÿ‘‡ to see the latest trends & navigate this rapidly changing landscape as alts go mainstream.

Aug 11ย ยทย linkedin

Earlier this week, Vista Equity Partners, the $100B AUM enterprise software-focused alternative asset manager, announced that it was shuttering its hedge fund.

Why does that matter?

Vistaโ€™s move to focus on its private market strategies instead of its public markets-focused hedge fund illustrates a much bigger trend at play: the attractiveness of private markets, and in particular, the middle-market.

This week's Alt Goes Mainstream AGM Weekly explores the merits of the middle-market.

The middle is far from middling.

Read on to see why Alt Goes Mainstream thinks its a promising vista for middle-market private equity, with data and charts from Hamilton Lane, iCapital, J.P. Morgan Asset Management, PineBridge Investments, Preqin๐Ÿ‘‡

This week's AGM Weekly, brought to you by Intapp (Intapp DealCloud ), covers:

๐Ÿ—‚๏ธ AGM Index, an index that tracks the leading publicly traded alternative asset managers.

๐Ÿ—ž๏ธ AGM News of the Week, this week covering: ๐Ÿ“Œ Preqin's William Bennett-Lynch on Stonepeak beating their fundraising target for their latest $3.15B infrastructure fund. ๐Ÿ“Œ Citywire's Ian Wenik on Creative Planning pursuing a capital raise of up to $4B, where existing backer General Atlantic will likely sell a minority of their current holding. ๐Ÿ“Œ Financial Times' Emma Dunkley on Hargreaves Lansdown's ยฃ5.4B takeover by CVC, Nordic Capital, & Abu Dhabi Investment Authority (ADIA).

๐Ÿ’ป Who is hiring: Senior-level positions from companies Blackstone, Apollo Global Management, Inc., iCapital, Hamilton Lane, Blue Owl Capital, 73 Strings, bunch, NewEdge Wealth, Goldman Sachs Asset Management.

Subscribe๐Ÿ‘‡ to see the latest trends & navigate this rapidly changing landscape as alts go mainstream.

Related Questions

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Michael Sidgmore
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Experience

Founder at Alt Goes Mainstream
Co-Founder at Community X Capital

Education

Georgetown Day School
Bachelor Of Arts In Psychology, Political Science, Spanish, Middlebury College
Bachelor Of Science In International Relations, Department Of Sociology, Lse

Location

New York, New York, United States