Business mix
- The firm primarily provides its services to institutional clients, high net worth individuals, financial institutions, public and private pension plans, sovereign wealth funds, endowments, and foundations.
- The firm manages separate client-focused public and private fund portfolios, listed partnerships, separate accounts, and co-investments.
- The firm invests in real assets, including real estate, infrastructure, renewable power, private equity, and credit.
- The firm employs fundamental and operational analysis to make its investments. The firm uses both in-house and external research to complement its investment process.
Current key questions
- Can asset growth, client flows, fee rates, credit quality, or spread income support durable earnings in asset management?
- How sensitive are margins and returns to interest rates, market levels, funding costs, and regulation?
- Do capital allocation, risk controls, and balance-sheet quality improve long-term per-share value?
