Tim Macready is head of Global Multi-Asset Investing with BrightLight, an EverSource Wealth Advisors Team.
HOW DID YOU BECOME INTERESTED IN AND A LEADER IN THE FAITH-BASED INVESTING MOVEMENT?
Tim grew up on the mission field and returned to Australia for studies, initially working with pension plans. His desire to do something meaningful led him to a faith-based pension fund in Sydney. For 15 years, he has explored what it means to be a faithful steward of God's resources, now working with pension funds, investment advisors, and families at the intersection of faith and investing.
CAN YOU EXPLAIN THE DIFFERENCE BETWEEN PUBLIC AND PRIVATE MARKETS IN INVESTING?
Private markets differ from public markets in investment structures, using vehicles like private market funds, real estate investment trusts, and limited partnerships instead of mutual funds, stocks, and ETFs. These are typically aimed at more experienced investors with larger investment sizes and hold various assets such as venture capital, private equity, or private credit.
HOW DO PRIVATE MARKET INVESTMENTS OFFER DIVERSIFICATION?
Private markets are used by large investors to diversify into different types of assets and specific themes. These investments are becoming more accessible to smaller investors, offering diversification away from traditional public stocks and bonds.
HOW DO FAITH-BASED INVESTMENTS INTERSECT WITH PRIVATE MARKETS?
Initially, there were hardly any faith-based options in private markets, but now there are 50 to 100 faith-based private market funds and hundreds more in broader impact investing. Most are still for qualified or accredited investors, but I'm optimistic that faith-integrated private market investments will become available to everyday investors soon.
WHAT ARE THE RISKS AND POTENTIAL PERFORMANCE OF PRIVATE MARKET INVESTMENTS?
Investors should be aware of risks, especially liquidity, as private market funds cannot be sold as quickly as public stocks or bonds. Private markets can have more volatile performance due to concentrated portfolios but offer diversification and potential for investment outcomes independent of public markets.
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