Goldman Sachs' Kyle Kniffen - the arc of alternatives at Goldman Sachs: AGM Live at SuperReturn
Wealth professionals assessing private markets access and product structures get a manager's view of how a large alternatives platform is approaching the wealth channel. The discussion focuses on evergreen funds, model portfolios and platform partnerships rather than on investment recommendations.
Summary
By the alternatives in wealth deskThe podcast episode is a live conversation from SuperReturn Berlin with Kyle Kniffen, Goldman Sachs managing director and global head of Alternatives for Third Party Wealth. It covers the growth of Goldman Sachs' alternatives business, the use of evergreen fund structures, LP composition, product innovation, the build/buy/partner framework, and the firm's GeoWealth partnership and model portfolios.
- Goldman Sachs has grown its alternatives business to over $625B in AUM and expanded through the Industry Ventures acquisition, a T. Rowe Price partnership and an Alternative Investment Platform for HNW clients.
- The conversation examines why evergreen funds are the product structure of choice and why they appeal to institutional allocators, insurance companies and UHNW investors.
- It also covers how GPs and LPs are approaching LP composition to evergreen vehicles and what the next wave of product innovation may involve.
- The episode discusses the build, buy, partner framework, the GeoWealth partnership and what the future of model portfolios looks like.
Chapters
From the publisher’s description| Time | Chapter | Length |
|---|---|---|
| AGM Live from SuperReturn Berlin | 1 min | |
| Meet Kyle Kniffin | 1 min | |
| Wealth Meets Private Markets | 1 min | |
| Big Pools Little Allocation | 1 min | |
| Alt Strategies Explosion | 1 min | |
| Lessons from Hedge Funds | 1 min | |
| Start with Client Goals | 1 min | |
| Risk Liquidity Tradeoffs | 1 min | |
| Portfolio Utility First | 1 min | |
| Holistic Private Markets | 1 min | |
| Fit and Terms Matter | 1 min | |
| Setting Expectations | 1 min | |
| Product Innovation Shift | 1 min | |
| Evergreens and Flexibility | 1 min | |
| Monthly Access and Tactics | 1 min | |
| Evergreen Growth Rates | 1 min | |
| Education and Dispersion | 1 min | |
| Why Evergreens Exist | 1 min | |
| Diversification Lower Minimums | 1 min | |
| Operational Simplicity | 1 min | |
| Evergreen Nuance Phase One | 1 min | |
| Goldman in Third Party Wealth | 1 min | |
| Institutions Buying Evergreens | 1 min | |
| LP Mix and Liquidity Caps | 1 min | |
| Institutionalizing Wealth Platforms | 2 min | |
| Goldman Platform Advantage | 1 min | |
| Feeding the Evergreen Engine | 1 min | |
| GeoWealth and Model Portfolios | 1 min | |
| T Rowe Price Collaboration | 1 min | |
| Build vs Buy Partner Balance | 1 min | |
| Industry Ventures Acquisition | 1 min | |
| Goldman Alts Heritage | 1 min | |
| Pioneering GP Stakes | 1 min | |
| Secondaries Since 1998 | 1 min | |
| Apex of Private Markets | 1 min | |
| Will Secondaries Be Core | 1 min | |
| Max Flexibility for Wealth | 1 min | |
| Customization vs Scale | 1 min | |
| Flagships Then Bespoke | 1 min | |
| Lessons from Private Wealth |
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