Speaker 1: You're listening to a Sheesis podcast. You're all about democratizing
Speaker 1: access to private equity. I'm really curious to see why
Speaker 1: you're so passionate about that. Well, so, for the last
Speaker 1: twenty years, we've seen et aps increase from about one
Speaker 1: trillion to about thirteen trillion dollars. In corresponding with that
Speaker 1: growth in et apps, we've seen a similar, almost identical
Speaker 1: increase in private equity, growing from one trillion to thirteen trillion.
Speaker 1: And now so we've seen this parallel path of two
Speaker 1: fairly large markets increase in size, considerably increase in size
Speaker 1: thirteen acts. But yet we haven't seen any sort of crossover,
Speaker 1: no linkage, and so we're excited to provide opportunity for
Speaker 1: retail investors to finally access to this private market that
Speaker 1: they've been precluded from investing in all these years. What
Speaker 1: are the risks though, First and foremost the risk that
Speaker 1: investor would have in our funds, which is the same
Speaker 1: that they would have, for example, if they invest in
Speaker 1: the QQ queues or other growth oriented indices that invest
Speaker 1: heavily in tech and healthcare. Is the market movement? So
Speaker 1: if interest rates rise tech in other securities which are
Speaker 1: considered long duration. Long duration means you get more of
Speaker 1: your benefits in the future. Those types of stocks are
Speaker 1: going to suffer when interest rates go up, or when
Speaker 1: this market volatility, or when markets contract. So you investors
Speaker 1: tend to see when when investors, when investors get nervous,
Speaker 1: they tend to move more to value, or they tend
Speaker 1: to move to cash, or they tend to move to bonds.
Speaker 1: When you come to private equities, you'll see it's probably
Speaker 1: even more exacerbated in the marketplace like that. So for example,
Speaker 1: one of the stocks, and even though the private markets
Speaker 1: have been you know, showing with SpaceX, you know, some
Speaker 1: of the secondary markets are showing SpaceX you know doing
Speaker 1: well and so forth, which you know, we would expect
Speaker 1: that you know, to do well based on a lot
Speaker 1: of idiosyncratic conditions. Some of the pure benchmarks in this
Speaker 1: market are moving. So sometimes you'll see privates not correspond
Speaker 1: with those movements because the other public markets are moving
Speaker 1: daily and privates may be seeing a stationary They tend
Speaker 1: to move in step function. They can move into step
Speaker 1: function both up and they can move into step function down.
Speaker 1: And as we saw in twenty one and twenty two,
Speaker 1: privates you know, we're moving in a step function down
Speaker 1: now we're seeing you know, over the last couple of
Speaker 1: years markets were more positive, more growth oriented. We saw
Speaker 1: privates appreciating during twenty twenty three and twenty twenty four,
Speaker 1: early part of twenty twenty five, and we'll see soon.
Speaker 1: For example, probably our best litmus test is going to
Speaker 1: be one of our holdings, Klarna. We'll see how it
Speaker 1: comes up. We bought it an evaluation of market evaluation
Speaker 1: twelve billion. Well, it's going to come out to peer
Speaker 1: benchmarks like a firm. There's a company in Australia called
Speaker 1: after Pay that was bought by Block. You'll we'll see
Speaker 1: very soon how the market is valuing these and we
Speaker 1: expect our stock to move comparable to these valuations as well.
Speaker 1: So we'll have a we'll have a pretty good insight
Speaker 1: fairly soon, probably within the next few weeks, how how
Speaker 1: that particular private security is holding up or not. When
Speaker 1: market information comes out and investing involves risk, you might
Speaker 1: lose the money you start with. We recommend talking to
Speaker 1: a licensed financial advisor. We also recommend reading product disclosure
Speaker 1: documents before deciding to invest.