Lasse von Hertzen

There's been a great deal of interest in private markets over the past decade, and the recent launch of our Private Markets Access Fund for DC pension savers is the latest stage of our evolving commitment. To read the latest research from Rob Martin, CFA and team on what they expect in next six months, click the link below. For professional investors only. Capital at risk.

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Engaging discussion with Bloomberg on the current state of dealmaking in Asia. Private Equity dry powder will be a key driver of deals in the Asia Pacific region. Exciting times ahead for the dealmaking landscape in Asia! #Bloomberg #Dealmaking #AsiaPacific #PrivateEquity

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Great to be attending this years Swedish House of Finance conference on asset pricing! Kicking off with a paper on identification of factors driving Value stocks. One of the moore practical papers for us to calibrate our current value vs growth approach. Paper: What drives booms and busts in value - https://lnkd.in/gyDXcpG5

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After 15 years as a partner at Deloitte and more recently as a partner at Surmount Ventures, I am very excited to launch H17 Ventures. With H17, we are building an advisory board platform dedicated to entrepreneurs and growth companies to accelerate growth via investments, partnerships and transformational M&A. We take a long term perspective to M&A as we believe that trusted relationships are needed to do the best deal and to successfully realise the joint business case opportunity. For more information, please read the H17 article 'transformational M&A - a new playbook'. Together we will shape our future of health, living and work. More to follow! https://lnkd.in/eMCzZmAf #venturecapital #mergersandacquisitions #privateequity

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Sustainable Future In Progress. Over the past year, we made significant progress on several fronts. This annual report is a testament to those collective achievements towards a more sustainable future, namely: • We grew our Environmental, Social and Governance (ESG) fund range, with a focus on ESG fixed income exchange-traded funds (ETFs). • We continued to invest in our ESG data programme to support the further integration of ESG into our investment portfolios and products. • We completed the acquisition of a majority stake in leading Danish natural resources specialist IWC (International Woodland Company), demonstrating our forward looking approach to sustainability-related investment strategies, particularly in private markets. • We updated our Global Sustainability Strategy, which describes how we will work towards our ambition of being even more transparent and science-led in our approach to sustainability. Read more in our Sustainability Report “Sustainable Future In Progress” https://lnkd.in/d288Tf4j

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AP2 is one of the world's largest investors in cat bonds. In the latest edition of Nordic Fund Selection Journal, I comment on this interesting asset class. Andra AP-fonden (AP2) Tell Media Group AB

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According to Arun Muralidhar, the pension "system has blown up". Arun kindly shared his insights in a new episode of Capital Horizons The Podcast. In just 25 minutes, we covered key topics: - Defined benefit vs. defined contribution, or both? - Are liability-driven investments a blessing or a curse? - What does financial theory get wrong? - Is there political space to improve the system? and more. Enjoy the episode! Links in the comments.

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A forward-looking, transparent and well thought-out strategy from the world's largest pension fund (the "oil fund")- Norges Bank Investment Management. A driven and anchoring approach that one might think suits our AP-funds as well. Good reading for any institutional investor. ”We use external managers with deep understanding of companies and market dynamics where we believe they will enhance returns and reduce our exposure to companies with ESG issues. The fund had 742 billion kroner….under external management at the end of 2023, compared to 569 billion kroner at the start of the year. A total of 111 mandates were managed externally by 103 external managers.” #assetmanagement #fundmanagement

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It’s a pleasure to be named one of PEI's Future 40 leaders in private equity, and especially proud to be in the "operators" category. https://lnkd.in/gZVeTmfe Private equity is an “infinite game” - it is constantly evolving, which means great investors need to continuously learn and adapt, as well as capture new value creation opportunities. This is particularly true when it comes to sustainability. I also believe, to really take on sustainability challenges, visionaries and influencers aside, we need a lot more operators! - The roll-up-your-sleeves and get-your-hands-dirty types, who work with companies to actually reduce emissions, improve talent retention, or transform a company's products and services. I'm fortunate to have a great team and excellent resources at EQT Group to be able to do just that, future-proofing our companies so that they become the future leaders in a more sustainable world. #privateequity #sustainability

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💸 Wrapping up the fundraise of CapMan Nordic Infra II at EUR 375 million! 🌍 Feeling grateful for the trust that both existing investors and large number of new international institutional investors have put in us. 70% of the capital raised has come from European and North American institutional investors, and we are excited to be their local partner providing access to Nordic mid-market deal flow. 🚀 Looking forward to the journey with Ville Poukka, Harri Halonen, Pekko Haaksluoto and the rest of the CapMan Infra team who seek opportunities to invest and create #sustainable value in Nordic mid-cap #energy, #transportation, and #digital #infrastructure assets. The Article 8 fund has a clear sustainability strategy, aiming to create value by accelerating the #greentransition in its portfolio companies. 💚Today we are building a society that we want to see in the 2040s and beyond!

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The first four months of this year have seen a recent surge in AT1 issuance. However, with a note of caution, Jakub Lichwa, Portfolio Management, points out whilst gross issuance so far this year has been certainly material, it shows only part of the picture around the supply. Jakub delves into the significance of this trend, particularly it's potential impacts on sectors and behaviour of European banks. Read the full article here: https://okt.to/qRDSIi

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Rich Nuzum shares how diversification is key for large asset owners seeking to reduce risk and optimize performance across portfolios. Our Large Asset Owner Barometer indicates many of the world’s largest portfolios are pursuing their diversification objectives across the private markets arena, with private credit, private equity and infrastructure, in focus. Discover more insights from our Large Asset Owner Barometer here: bit.ly/3KbYyqK #investing #PrivateMarkets #wealth

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Innovation, creativity, legislation and governance, combined will drive higher returns and pensions in the long run

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VALUE INVESTING TRIP 2024 - DAY 2 “I am naturally drawn to numbers but one of the ironies of working with numbers is that the more I work with them, the more skeptical I become about purely number-driven arguments.” — Aswath Damodaran When walking through the financial district of New York I felt catapulted back in time to when I spent two months here in 2000 as part of the Merrill Lynch graduate training program. Our slogan at Merrill at the time was “Be Bullish“ and the Equity Sales team of which I formed part was referred to as the “Thundering Herd“, so a selfie of me with the Raging Bull seems appropriate 😉 On the fundamental side, the single most important class of the training program for me was a 3-day intensive course on Corporate Finance and Valuation with Aswath Damodaran which laid the groundwork for me as a passionate stock picker and to which I reflect back regularly. My main takeaway at the time was that “the value of a firm is a function of three variables – its capacity to generate cash flows, its expected growth in these cash flows, and the uncertainty associated with these cash flows.“ Over the years I have realised that qualitative factors are equally important in assessing the value of a stock, so my views have evolved since then, as they seem to have for Aswath.

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Annabell Siem Mathiesen shares how the climate transition is changing the global economy, presenting new risks and opportunities for portfolios. We assess current progress on the climate transition from an investor perspective in our State of Transition paper: bit.ly/3QU9ltq #sustainability #climate #investing

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The UBS Global Family Office Report 2024 reveals a shift towards a more balanced portfolio mix of bonds and equities among family offices. This adjustment seems to be in response to a changing economic landscape marked by moderating inflation and declining policy rates. Regardless, family offices worldwide have kept their largest regional allocations in North America. As more than a third of them plan to increase allocations to North America and Asia Pacific in the next five years, these regions are proving to be top investment destinations. Sustainability is also becoming an increasingly important topic affecting not just family offices’ investment portfolios, but also the long-term outlook of operating businesses. A growing 57% of family offices with an operating business are either taking sustainability considerations into account already for their operating businesses or plan to do so in the future. #FamilyOffice #InvestmentTrends #Sustainability

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🌐 The #IPO market is showing a strong recovery, adapting to economic challenges with a notable 7% increase in capital raised. This reflects growing investor confidence, especially in the US and European markets. Significant deals, such as Galderma's $2.4B IPO, highlight a market that favors companies with solid growth potential and a commitment to ESG principles. For Latvian companies, this environment offers valuable opportunities for those who demonstrate clear profitability and sustainability. For a detailed perspective on the current IPO trends and their impact on future market movements, I invite you to read the full article and share your thoughts: https://lnkd.in/dFtDczB5 #BetterWorkingWorld #EYBaltics

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