SeventySix Capital’s Post

'Support an unconventional view when it is wrong until it is right.' PGIM CEO David Hunt has been at the helm of the $1.3tn fund group for 12 years, so I wanted to ask him about leadership and culture. He gave a very interesting answer. See the full response (clipped below) exclusively on Citywire Selector 👇 https://lnkd.in/eQEeJ6nq #leadership #CEO #assetmanagement #insideassetmanagement #investing #citywireselector

In case of interest…

Exciting news for Future Asset! It's great to witness the wave of positivity surrounding FA at the moment and the anticipation for what lies ahead!! #IAmAnAsset #BudgeUpDave #womweninfinance #investmentmanagement

Professional football kicks off tonight with the defending champions from Kansas City taking on Baltimore. KC is on the hunt for their third straight Championship, something that has not occurred in the history of the league. Turns out, that's a great parallel to investing. Looking at the annual returns of the major asset classes over the last 22 years, NO asset class has been the best performer for three straight years in a row. The lesson here is DIVERSIFICATION. By building a strategic portfolio that includes multiple asset classes, investors are in the best position for long-term success.

💰 𝗧𝗵𝗿𝗼𝘄𝗯𝗮𝗰𝗸 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆: 𝗙𝗿𝗼𝗺 𝗖𝗼𝘂𝗿𝘁 𝘁𝗼 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 🏀 𝗟𝗲𝘀𝘀𝗼𝗻𝘀 𝗳𝗿𝗼𝗺 𝗠𝗶𝗰𝗵𝗮𝗲𝗹 𝗝𝗼𝗿𝗱𝗮𝗻’𝘀 𝗜𝗰𝗼𝗻𝗶𝗰 𝗖𝗼𝗺𝗲𝗯𝗮𝗰𝗸: Throwback to when Michael Jordan returned to the NBA in 1995—after stepping away from the game, he made an iconic comeback that led the Chicago Bulls to three more championships. This moment is a powerful reminder that timing and strategic decisions can make all the difference in achieving success. In the world of investing, knowing when to jump back into the market is just as crucial. Whether it's identifying emerging opportunities or reallocating resources, the right comeback strategy can lead to impressive gains. What’s your investment comeback strategy for 2024? Are you ready to take that leap and seize new opportunities? 📈🚀 #FamilyOffices #InvestmentStrategy #AlternativeInvestments #WealthManagement #InvestmentOpportunities #SportsInvesting

Today, live from our 2024 Investor Day, Ares Executive Chairman Tony Ressler and CEO Michael Arougheti sat down with CNBC's Leslie Picker. They reflected on the 10th anniversary of Ares’ IPO, our newly announced five-year targets, the opportunity for private credit, the sports investing landscape and more. Listen to the full interview on CNBC below. #investorday $ARES $ARCC

The National Football League (NFL) is on the brink of a major shift in its ownership policies. According to a detailed article by Kathleen Laverty in FundFire, NFL Commissioner Roger Goodell that the league is considering allowing private equity firms to purchase up to 10% stakes in its teams. This potential change comes as team valuations soar and traditional individual ownership becomes increasingly challenging. Josh Harris, Co-founder of Apollo Global Management, Inc., noted the financial hurdles and the need for innovative solutions. Discover how this move could reshape the landscape of NFL ownership and attract significant investment. https://lnkd.in/epkai36S #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports #NFL

Football is back and so is our latest Sports Market Update! Houlihan Lokey is pleased to present our Fall 2024 Sports Market Update, in which we share key observations driving growth across the sports ecosystem, including high growth areas ripe for further investment (e.g., emerging leagues, sports, women's sports, youth sports, college sports) and provide an inside view of the sports investor landscape highlighting the most active financial investors and strategic dealmakers. We also discuss the current market and valuation environment, including the latest professional sports franchise valuation data, M&A transactions, financings, and more. We look forward to discussing our growing excitement for the sports technology space, investment in which is fueled by several transformational tailwinds driving growth across the broader sports ecosystem. Click here to learn more: https://lnkd.in/gd_YnZ4w #sports #kickoff #youthsports #womenssports #nil #ai #privateequity #m&a #nfl #nba #mlb #nhl #uefa #mls #combatsports #mediarights #bigtech #livesports #ip

As individual #athletes have gained a greater ability to monetize their personal brand through #NIL regulatory changes, some are also using the opportunity to learn about becoming strategic private equity investors. My colleagues Adam Sansiveri and Stacie Jacobsen share how this approach not only sets them up for potential exponential wealth creation — but also allows them to hone their business skills. Read more via the Sports Business Journal: https://lnkd.in/dDi2B9Y3

Zeroes - This week's blog, written by Scott Heins, Chief Investment Officer | Graphic Credit: Compilation of: Stock photo ID:1366742392 Anja W., Stock photo ID:1019226792, VPanteon, ID:1323176670, Tasha Vector, ID:1413678309, Hammad Khan, ID:658114484 arthobbit Zeroes frequently mark either the beginning or the end. Every interstate freeway starts at mile marker 0. Every golf scorecard begins with 0. The day you are born is your 0th birthday (at least in American culture). Every college basketball game ends with 0:00 on the clock. Most Major League Baseball teams’ first official game will be tomorrow. Every team starts with a record of 0-0. Every player starts with a .000 batting average, a .000 fielding percentage, and a 0.00 earned run average (ERA). Over the course of a 162-game regular season, those zeroes evolve into the story of a season. Some teams will live up to or even exceed fans’ expectations this season while other very talented teams will underperform. Only one team will win the World Series in October. Just like the beginning of the baseball season, we enter this world with zeroes. We have no skills and nothing to our name. Just like the end of every college basketball game, when we exit this world all of our assets are zeroed out. What is your planned impact