September 2024: The ever-changing (yet strangely familiar) landscape of private equity

Authored by Steven Novakovic, CFA, CAIA

You may know the saying, "the more things change, the more they stay the same." It's a bit of a paradox, but it rings especially true for investors navigating the shifting landscape of private equity post-COVID. While these markets are in a constant state of evolution, they are still just in their early days—like teenagers trying to figure out their place in the world. Despite all the change, we are still at the beginning of this journey, with much to learn and even more to discover.

Keeping Up with VC

Diego Fernández Elices, CAIA, Chapter Executive

I started my career as an analyst creating form scratch a multifamily office, GBS Family office, were I managed portfolios, gave financial and fiscal advise to different high networth families and individuals, renegotiating fees and making financial planning.

In 2007 I moved to A&G as the fund selection director, where I was responsable of the selection of third party funds for over 2 billion euro.

CAIA Virtual Chapter - A Market Check-In: Return of the SPAC

Following an exceptional run in 2021 and early 2022, the SPAC market cooled off through 2023. We are starting to see a return to normalcy and renewed activity with SPACs. In this market check-in webcast, we connected with Nick Skibo of Gritstone Asset Management, Tom Hennessy of Hennessy Capital Growth Partners, and Douglas Ellenoff of Ellenoff Grossman & Schole LLP, to discuss the state of the market for SPACs and the opportunity set for investors.

Alison Nest

Alison Nest is a managing director and the head of Alternative Investments for Morgan Stanley Wealth Management based in New York City.  She is responsible for the development, sourcing, onboarding and servicing of alternative investments distributed to retail and institutional clients.

Antoine Laniesse, CAIA, Chapter Executive, Geneva

I started my professional journey as an civil engineer and evolved for 5 years in the private equity real
estate business after graduating from the ESSEC's Master in Finance based in Singapore. I have always
been passionate about the Private Assets in general and CAIA certification allowed me to complete my
educational background and lever it alongside my professional experience in private equity real estate to
join Lombard Odier since November 2023 as a Private assets distribution specialist.

Ilaria Perletto, CAIA, Chapter Executive

I graduated at Bocconi University in 2012. In the past 10 years I have developed my career in the asset
management divisions of several top financial organizations: Nomura, Societe Generale, Generali, HSBC.
I grew up into the sales area, managing relationships with key Italian clients in the wholesale and
institutional segments. Main product focus on liquid alternative funds, hedge funds and private markets.

Elaine Cudlipp, FCA, CAIA, Chapter Executive

Elaine has been active in the fund services industry since 2002. She is currently an Associate Director at
Waystone, where she advises asset managers clients on operational, regulatory and compliance related
matters. She was previously the Head of the Company Secretary team in KB Associates (now known as
Waystone) where she was focused on the provision of company secretarial services to the firm’s clients
and the internal firm boards and committees.