Jane Mendillo, CEO of Harvard Management Co., speaks to Reuters Editor in Chief Stephen Adler at Thomson Reuters' Partner Connect East 2013 conference.
. Mendillo said she sees investment opportunities in European private equity and emerging markets.
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Video date: April 11, 2013
In a keynote address at Thomson Reuters' Buyouts East conference on April 4, 2013, Silver Lake Co-Founder Glenn Hutchins said he didn't expect to see the economic recovery pick up more steam, but that he was still bullish on the technology sector.
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Laying out his macro-economic outlook for a sluggish growth in U.S. Gross Domestic Product of 2 percent for the next several years, Hutchins said the technology sector offers faster growth.
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He pointed out that Apple Inc. launched the iPad during a weak economy, but the product still took off. “You have to take share of consumer dollars,” he said.
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Overall, investors should focus on growing parts of the global economy by sector and “take control of them,” he said.
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Hutchins, who declined to talk about his firm’s $24 billion bid to buy Dell Inc., said he remains optimistic, but he called on the business community to work to create more jobs.
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“The unhappy situation is not 2 percent growth – the unhappy picture is unemployment,” he said.
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Hutchins said he focuses on macroeconomic forecasts because, “you can make the best company selection but you can still get killed” if overall business conditions take a dive.
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While some may be hoping for the economy to heat up, the current recovery ranks as the “worst…since World War II,” he said.
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“This is the economic recovery,” Hutchins said. “This is what you’re going to get. The recovery is already middle aged. It’s time to do some of the things [you] postponed for the future.”
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By Steve Gelsi, Buyouts magazine
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This story first appeared in Buyouts Magazine. Steve Gelsi is a senior editor at Buyouts Magazine. Any opinions expressed here are entirely his own. Follow him on Twitter @SteveGelsi. Follow Buyouts tweets @Buyouts.
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Video date: April 4, 2013
Panelists discuss market volatility, currency fluctuations and the quest for risk-adjusted returns during our conference in June.
In this session from our June conference, a group of investors discuss tools and methods for finding the top—and bottom—quartiles.
A discussion of trends and issues in buyout strategies and fundraising, from our Chicago conference in June.
From our conference in June, a panel of experts discuss trends and tips for GPs & LPs.
Henry Kravis, co-chairman of private equity fund KKR, discusses his investment strategies for Europe and Southeast Asia at the opening of the firm's Singapore office in October 2012.
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Video date: Oct. 25, 2012
Watch a panel of LPs discuss the strategies they use to identify promising emerging managers, from our June 2012 conference.
Watch a panel discussion from June 2012 as a group of financial experts discuss the recent phenomenon of institutional investors establishing separate account relationships with private equity firms.
From our June 2012 conference, a group of family office managers discuss issues facing these investors as they consider the private equity asset class.