Meketa's Steve McCourt & Primark's Michael Bell - Democratizing Private Equity | #482

Published: May 24, 2023, 5 p.m.

b"Today\\u2019s guests are Steve McCourt, co-CEO of Meketa Investment Group, an investment consulting and advisory firm serving institutional investors, and Michael Bell, founder of Primark Capital, an investment management firm providing retail investors with access to private equity investment opportunities.\\nIn today\\u2019s episode, Steve and Michael discuss their new partnership aimed at expanding access to private equity investments. They walk through the nuts and bolts of the interval fund structure, touching on fees, sourcing institutional quality deals, diversification through vintage and industry, and the benefits of doing this through co-investments. Then we spend some time talking about the current state of private equity and what they\\u2019re seeing with both existing investments and new opportunities.\\n-----\\nFollow Meb on Twitter, LinkedIn and YouTube\\nFor detailed show notes, click here\\nTo learn more about our funds and follow us, subscribe to our\\xa0mailing list\\xa0or visit us at cambriainvestments.com\\n-----\\nToday\\u2019s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world\\u2019s largest institutions, funds, and money managers. Subscribe for free here.\\nFollow The Idea Farm:\\xa0Twitter\\xa0|\\xa0LinkedIn\\xa0|\\xa0Instagram\\xa0|\\xa0Tik Tok\\n-----\\nInterested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com\\n-----\\nPast guests include\\xa0Ed Thorp,\\xa0Richard Thaler,\\xa0Jeremy Grantham,\\xa0Joel Greenblatt,\\xa0Campbell Harvey,\\xa0Ivy Zelman,\\xa0Kathryn Kaminski,\\xa0Jason Calacanis,\\xa0Whitney Baker,\\xa0Aswath Damodaran,\\xa0Howard Marks,\\xa0Tom Barton, and many more.\\xa0\\n-----\\nMeb's invested in some awesome startups that have passed along discounts to our listeners. Check them out\\xa0here!\\xa0\\n-----\\nDISCLOSURE:\\nInvestors should carefully consider the Fund\\u2019s investment objectives, risks, charges, and expenses before investing. This and other information is included in the Fund Prospectus and is available through the Prospectus link on the Primark website:\\xa0https://primarkcapital.com\\xa0\\u2013 Primark Prospectus. Please read the Prospectus carefully. An investment in the Fund is subject to, among others, the following risks:\\n\\nThe Fund is not intended as a complete investment program but rather the Fund is designed to help investors diversify into private equity investments.\\n\\nThe Fund is a \\u201cnon\\u2011diversified\\u201d management investment company registered under the Investment Company Act of 1940.\\n\\nAn investment in the Fund involves risk. The Fund is new with no significant operating history by which to evaluate its potential performance. There can be no assurance that the Fund\\u2019s strategy will be successful.\\xa0Shares of the Fund are not listed on any securities exchange, and it is not anticipated that a secondary market for shares will develop.\\n\\nShares are appropriate only for those investors who can tolerate a high degree of risk, and do not require a liquid investment.\\n\\nThere is no assurance that you will be able to tender your shares when or in the amount that you desire. Although the Fund will offer quarterly liquidity through a quarterly repurchase process, an investor may not be able to sell or otherwise liquidate all their shares tendered during a quarterly repurchase offer.\\xa0The Fund\\u2019s investment in private equity companies is speculative and involve a high degree of risk, including the risk associated with leverage.\\xa0\\n\\nDistributor: Foreside Financial Services LLC\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"