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Inviting You Inside the Private Markets: Invest Alongside the World's Largest Institutions


Inviting You Inside the Private Markets: Invest Alongside the World’s Largest Institutions
June 14, 2021
Did you know that there are 10 times more private companies than publicly traded companies? Or that the value of private U.S. companies has increased nearly 700% over the past 20 years, while the value of public companies has only increased 250%? That’s why the largest and most sophisticated institutions in the world maintain significant allocations to the private markets. But how do you provide these same opportunities to your clients?
In the upcoming webcast,
Inviting You Inside the Private Markets: Invest Alongside the World’s Largest Institutions, Neil Menard, President of Distribution, Conversus; Bob Long, CEO, Conversus; and Mark Lamoriello, CEO, Advus Financial Partners, will describe how allocating to the private markets can enhance returns, lower volatility, and achieve diversification outside of the public markets. ....

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Conversus StepStone Private Markets surpasses $100m in AUM


Conversus StepStone Private Markets surpasses $100m in AUM
Wednesday, May 19, 2021
Opalesque Industry Update - Conversus, an investment platform designed to expand access to the private markets for high net worth and accredited investors, announced that its inaugural fund, Conversus StepStone Private Markets (CPRIM), reached $108 mm of assets and that its shares had appreciated 36% from October 1, 2020 to April 30, 2021, to an NAV of $33.99. Conversus acts as adviser to CPRIM and is a wholly owned business of StepStone Group, which acts as sub-adviser.
CPRIM offers accredited investors diversified, global exposure to the major private market asset classes - private equity, real assets, including infrastructure and real estate, and private debt - in a single investment. An open architecture solution, CPRIM s portfolio seeks to be well-diversified across underlying managers and by sector, strategy, geography and vintage year. StepStone invests CPRIM s capital a ....

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SPENDING AT THE TNRD: Board chair calls it 'distressing' and 'excessive'


KTW reached out to some other regional districts for their CAOs’ credit card charges. The number of restaurant/coffee shop/food expenses charged by CAOs in various regional districts in 2019:
• Sukh Gill, Thompson-Nicola Regional District: 172 times.
• Robert Lapham, Capital Regional District: 17 times.
• David Sewell, Regional District of North Okanagan: 6 times.
• Carol Mason and Jerry Dobrovolny, Metro Vancouver Regional District: one time.
TNRD board chair Ken Gillis said the board did not know the extent to which spending occurred and has called the amounts “surprising” and “somewhat distressing.”
In a five-year period of total TNRD expenses for meals and accommodations claimed by all employees, 2018 featured the most $92,706. In 2018, TNRD CAO Sukh Gill charged a total of $41,125 on his regional district credit card as a result of visits by himself and others to restaurants, coffee shops, wineries, liquor stores and grocery ....

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