How does a declining market and recession impact the operations of not-for-profit organizations that rely on charitable giving? The answer: it depends. Samantha Gross, Associate Director of TIFF’s Member Strategy team, discusses the impact on not-for-profits during a market downturn, and why Private Foundations should employ a solid investment plan.
TIFF hosted the webinar Screw Your Courage to the Sticking Place: Continuing to Invest in Private Markets through 2023 on May 18, 2023. During this hour-long webinar, TIFF’s Brendon Parry and Elizabeth Warren discussed key considerations for allocating to Private Markets in the current environment, including addressing some misperceptions about possible impact on liquidity and identifying asset class dynamics in a downturn. They also shared how organizations can think about an appropriate commitment pace and where we expect compelling opportunities will be in 2023.
The webinar was based on TIFF’s recent white paper, that covers these and other topics. Read the paper here.
View the webinar through the link below.
This webinar is for general informational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy securities. The asset classes discussed may not be suitable for all investors. All expressions of opinion are subject to change. Past performance does not guarantee future results. All investments are subject to risk, including the possible loss of principal.
Kane Brenan, CEO at TIFF, is quoted in the May 15, 2023 issue of Financial Investment News (FIN News) on the increased interest in the fixed-income space. He highlights that it is alive and well, offering yield and the potential for negative correlation, and should not be dismissed based on its performance in 2022.
Read the full article: Q1 2023: High Rate Environment Contributes To Fixed-income Search Boost
Zhe Shen, Managing Director of Diversifying Strategies at TIFF, quoted in the May 4, 2023 issue of Reuters on the market impacted by regional banks and credit tightening, causing investors to reassess credit cycles, bank lending standards, and concerns of a possible recession.
Read the full article: Wall Street drops as PacWest fuels fears of deeper bank crisis
Investors have weathered a sustained challenging market environment with continuing effects of the pandemic compounded by war and macroeconomic factors.
In periods where returns and liquidity are under pressure, even the most sophisticated investors can be tempted to reduce – or even eliminate – commitments to Private Markets.
We espouse to our clients the importance of not trying to “time” Private Markets – and instead to commit consistently at a steady level year in and year out.
Download our new white paper: Screw Your Courage to the Sticking Place: Continuing to Invest in Private Markets through 2023