Posts by Aaron Miller

Market Commentary | Private Equity Insights

Venture Capital Valuation "Marks": What’s in Your Wallet?

In order to underwrite new commitments in an uncertain market environment, it is critical to normalize valuation methodologies and deeply analyze underlying portfolio companies.
Investment Strategy | Private Equity Insights

Is Venture Capital Going Back to the Future? Reemergence of the Power Law of Returns

The importance of manager selection is back.
Private Equity | Private Equity Insights

Is Now the Right Time to Invest in Venture Capital?

History has shown corrections can be a catalyst for opportunity The news cycle and leading economic factors have caused institutional investors to ponder their portfolio allocations in the short run...
Investment Strategy | Private Equity Insights

Why Does Blockchain Matter?

We believe there is a generational platform shift underway in technology and its magnitude of impact could be as transformational as was the birth of the internet — and it is transparent,...
Investment Strategy | Private Equity Insights

Is There Method in the Madness of Today’s Crypto Market Chaos?

In recent months crypto markets have experienced extreme volatility and drawdowns, and it is self-evident that the next “crypto winter,” or prolonged bearish period, is upon us. However, these price...
Private Equity | Private Equity Insights

Venture Investing: Insights into China’s Dynamic Healthcare Industry

Seeking growth and diversification, institutional investors have long included emerging markets exposure in their portfolios. The agenda for Commonfund Forum 2021 included a session dedicated to...
Investment Strategy | Private Equity Insights

The Tech Effect and Direct Venture Growth Investing

The venture growth and late stage venture capital (“VC”) market has matured over the last 10 years, and direct investing has emerged as an attractive strategy for Limited Partners (“LPs”) to...
Investment Strategy | Private Equity Insights

Venture Capital - Looking Forward and Upward

Beginning in the second half of 2015, there was growing caution that started to impact pricing and investment activity in early 2016. This valuation cooling period and subsequent shift in mindset...