Stuart Waugh Joins the How I Invest Podcast

Stuart Waugh, Managing Partner, joined host David Weisburd on the How I Invest podcast for a wide-ranging conversation on the private markets. 

Stuart opens by discussing the demand for investment in essential infrastructure, including power generation, data centre capacity, and communications networks that underpin the current technology build-out, and why governments increasingly look to private capital to help fund it. The conversation moves on to why Northleaf has remained focused on the mid-market as capital continues to concentrate at the largest end, how private markets have shifted from a small allocation to a core component of institutional portfolios, and the evolution of the secondaries market from opportunistic transactions into a routine portfolio management tool. Stuart also reflects on lessons from building the firm over more than two decades.

Topics covered include:

• Infrastructure and the growing need for private capital
• Why the middle market remains attractive as capital concentrates at the top
• The shift in institutional portfolio construction toward private markets
• How secondaries have become a mainstream portfolio management tool
• Building and sustaining a firm culture through periods of growth

The full episode is available on Youtube, Apple Podcasts and Spotify.