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Considerations for Private Equity Investments in a Changing EnvironmentConsiderations for Private Equity Investments in a Changing Environment

What’s happening with this asset class?

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Sean Warrington, Kim Kaminand 1 more

July 20, 2023

15 Min Read
Warrington GettyImages-1215197018.jpg

For ultra-high-net-worth (UHNW) clients, private equity (PE) has gone mainstream, with sizable assets owned through their trusts or co-investment entities. Last year, 81% of UHNW investors made a PE investment, up from just 34% in 2008, with this asset class now representing one-fifth of their overall portfolios.1 This embrace of PE isn’t surprising. For more than a decade, adding exposure to PE in a diversified portfolio has been viewed as a way to help produce potentially market-beating returns.

However, with private investments now being marked to market to reflect last year’s losses and write-offs, trusts and estates advisors are facing a different conversation with clients. Instead of clamoring to add more PE to their portfolios, mor...

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About the Authors

Sean Warrington

Partner, Gresham Partners, LLC

Sean Warrington is a partner at Gresham Partners, LLC in Chicago.

Kim Kamin

Partner, Gresham Partners LLC

http://www.greshampartners.com/team-member/kim-kamin/

Kim Kamin is a partner at Gresham Partners LLC where she serves as Chief Wealth Strategist. In that role, she leads Gresham’s development and implementation of services relating to wealth transfer planning, trust and estate administration, philanthropy and RisingGen engagement and education. Previously she was a partner at a large law firm where for many years her legal practice involved all aspects of estate, trust and charitable planning, administration, and dispute resolution.

In addition, she is an adjunct professor at the Northwestern University Pritzker School of Law and is on faculty as a lecturer for the University of Chicago Booth School of Business Executive Education.

Ms. Kamin is on the Editorial Advisory Board of Trusts and Estates Magazine on the UHNW and Family Office committee. She is also Estate Planning and Legal Services Domain Chair for the UHNW Institute, is a frequent lecturer nationally, and publishes on a broad array of topics.

She received her B.A., with distinction and departmental honors, from Stanford University and her J.D. from the University of Chicago Law School. She is an AEP® (Distinguished) and a 21/64 Certified Advisor.

Irene Zhang

Investment Officer, Gresham Partners, LLC

Irene Zhang is an investment officer at Gresham Partners, LLC in Chicago.