Thailand EAM Leader Paul Gambles on Curating Quality and Integrity in Private Asset Investments
Executive Interview
The evolution of demand for private assets in Asia is well documented, but how has this rising interest been affected by the weakness in mainstream markets in 2022? Are there growing risks as we face a different decade ahead? And how should wealthy Thai private clients be adjusting their portfolios in face of current global financial and geopolitical headwinds?
Paul Gambles, Director at the Bangkok-headquartered and long-established MBMG Group, offered his views to delegates during a panel discussion at the May 25 Hubbis Thailand Wealth Management Forum in Bangkok.
He believes private assets of all types are of interest to private clients, but that there is a danger of following the crowd. Quality of deals and the integrity of the due diligence and then the robust negotiation of the terms of those investments are all vital elements that he and colleagues look for in any private deals they put in front of clients. We have summarised some of his valuable insights in this short report.
Paul Gambles of MBMG Group
“The whole thing becomes riskier as it is driven by the process of fundraising, which obviously relates to the process of fee generation, rather than by being driven by the process of finding good investments.”
Gambles opened his observations by noting that many of the big VC funds have a set menu that they put in front of investors. Essentially, he worries that these big-name players simply slap their terms and conditions down in front of the investors and ask for a cheque of at least one million dollars, and often far more.
“If you can negotiate your own terms and governance; that’s a true private deal,” he said. “You have to be really very careful as to which part of the private markets you’re looking at and how you approach such deals.”
MBMG Investment Advisory is licensed by the Securities and Exchange Commission of Thailand as an Investment Advisor under licence number Dor 06-0055-21.
For more information and to speak with our advisor, please contact us at info@mbmg-investment.com or call on +66 2 665 2534.
About the Author:
Paul Gambles is licensed by the SEC as both a Securities Fundamental Investment Analyst and an Investment Planner.
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