Category: Webinars
This Private Equity basics webinar features industry experts from Lewis and Clark, Hamilton Lane and Mercer Investment Consulting. We cover the basics of private equity, including: the private equity life-cycle, investing through vintage years, what drives successful outcomes, and private equity’s role within Catholic portfolios. These experts also discuss how to engage the investment committee in support of participating in this asset class and how to align with Catholic principles.
0:00 – Webinar opens, attendees entering, panelists chatting
0:08 – Tom Lanctot, welcomes attendees, Catholic Investment Services overview
1:22 – Panelist introductions – David Taiclet, Jackie Rantanen, Don Wehremann
3:00 – “Pandemic” prayer by Sr. Mary Ann Pajakowski, CSC
6:00 – What is private equity
13:25 – Where does private equity fit in a portfolio
18:50 – Types of private equity strategies
23:38 – Venture, buy-out and growth equity strategies
28:12 – Private equity lifecycle
35:30 – Measuring performance, IRR’s, MOIC’s
42:08 – Faith-aligned private equity, CIS’s methodology and other responsible investment factors
47:17 – Q&A begins
47:35 – Q1: Understanding private equity fees
49:00 – Q2: Offshore investment vehicles
50:11 – Q3: Active management of private equity fees
52:10 – Q4: Access to private equity partnerships
54:25 – Q5: How should investment committees consider adding private equity
55:30 – Tom Lanctot, thank you & closing
This webinar provides leaders of Catholic institutions with best practice ideas for creating an effective investment committee to help secure their financial future. We cover such topics as building the committee, establishing procedures and policies, and choosing the right investment partner. This webinar features the diverse viewpoints of: Paul Schott Stevens, CEO of Investment Company Institute; Al Morrison, Founder of Asset Strategy Consultants; and Tom Skiba, Investment Committee Chair for the Diocese of Fort Wayne-South Bend.
0:00 – Webinar opens, attendees entering
0:10 – Tom Lanctot intro and Catholic Investment Services overview
2:25 – Panelist introductions – Paul Stevens, Al Morrison, Tom Skiba
3:00 – “Serenity” prayer by Reinhold Niebuhr
4:25 – Canon law, purpose of temporal goods
6:18 – Building an effective investment committee
11:20 – Procedures that yield results
13:50 – Developing your investment policy, objectives & guidelines
23:03 – USCCB SRI investment guidelines
25:00 – Role of a consultant, types of relationships
32:45 – Managing and mitigating conflicts of interest
35:26 – Q&A Begins
35:45 – Q1: Best practice selecting an IC Chair
37:22 – Q2: How to evaluate your consultant relationship
40:25 – Q3: How to resolve disagreements
45:21 – Q4: Where to access resources to help the committee
46:45 – Q5: Measuring the success of a consultant relationship
48:40 – Q6: Best practice creating investment committee from finance committee
51:02 – Q7: USCCB investment guidance, impact and other responsible investing considerations
52:50 – Q8: Best practice hiring a consultant or investment partner
56:23 – Q9: Measuring performance
1:00:28 – Tom Lanctot, thank you & closing
This timely webinar provides Catholic institutions with insights into managing endowments in the midst of the coronavirus crisis. The session features Scott Malpass, the legendary and long-time CIO of the University of Notre Dame, and Mark Guyol, President and CEO of the Roman Catholic Foundation of St. Louis. Topics range from risk management, to private equity, to investment selection, to donor engagement.
0:00 – webinar opens, Scott chatting about ND investment performance
0:50 – Mark Guyol (Moderator) intro
2:03 – Opening Prayer
6:25 – COVID conundrum, how to manage your endowment through a crisis
9:20 – Risk management during a market selloff
11:55 – Private equity investments
13:55 – Scott’s vision for Catholic Investment Services
16:30 – How do Catholic screens affect investment performance
21:55 – How to work with consultants
23:10 – Donor engagement, stewardship and fundraising
29:41 – Q&A begins
30:25 – Q1, Active vs. passive investments
32:53 – Q2, Catholic Investment Services investment platform
33:48 – Q3, Sourcing investment partners
35:33 – Q4, Alternative investments
38:43 – Q5, Investing in China
41:40 – Q6, Endowment distributions
43:27 – Q7, CIS screening methodology, resources for Catholic fiduciaries
46:31 – Q8, Donor engagement
47:42 – Q9, Charitable remainder gift annuities and trusts
49:19 – Q10, USCCB SRI guidelines and upcoming revisions
51:34 – Q11, Laudato Si’ “Care for Our Common Home” and Fossil fuel divestment
53:40 – Closing comments
This open discussion among Catholic education leaders explores such urgent topics as the nation’s economy, the coronavirus pandemic, and the importance of both having an endowment and managing it effectively through uncertain times. The session features Scott Malpass, the legendary and long-time CIO of the University of Notre Dame, and Tom Lanctot, CEO of Catholic Investment Services and a highly experienced global asset management executive.
0:00 – Webinar opens, attendees entering
0:31 – Chris Hagerty (Moderator) intro
1:25 – Prayer
3:57 – Scott Malpass, Zela Astarjian & Tom Lanctot intro
4:50 – Importance of having an endowment
6:17 – Scott’s vision for Catholic Investment Services
16:04 – How to manage endowments through a crisis
25:55 – Catholic IPS, and other responsible investing considerations
32:05 – Planned giving campaigns, how to grow your endowment
35:01 – Q&A Begins
35:22 – Q1, Meeting spending gaps between endowment, tuition and fund raising
36:38 – Q2, How to guide your endowment through this crisis
39:40 – Q3, Fossil fuel divestment
41:30 – Q4, ND’s endowment growth, market action vs fund raising
43:00 – Q5, Investing in China
44:44 – Q6, Unrelated Business Income Tax
45:55 – Q7, Resources for an investment committee
47:58 – Q8, Endowment draws
48:51 – Q9, Alumni engagement
49:50 – Q10, How to balance a capital campaign with planned giving
50:48 – Q11, Managing your investment partner relationship
52:38 – Q12, How to prospect fo planned giving
53:58 – Q13, Active vs passive investments
55:40 – Q14, Fossil fuel divestment
57:04 – Q15, How to starting an endowment
58:46 – Q16, Determining your spending rate
This open discussion for Catholic institutional leaders highlights the pandemic’s impact on the global economy, potential risks and opportunities that lie ahead, and best practices for investing endowment assets in such a tumultuous time. The session features Scott Malpass, former CIO of the University of Notre Dame, and Edward Grefenstette, CIO of The Dietrich Foundation.
0:00 – webinar opens, attendees enter
0:07 – Tom Lanctot intro
1:51 – Ed Grefenstette (Moderator) intro
2:30 – Prayer
3:40 – Scott Malpass intro
4:09 – COVID 19, it’s impact
8:35 – ND investment team
9:53 – Implications for smaller organizations
12:45 – Investment perspective
20:00 – Scott’s vision for CIS
24:50 – Benefits of economies of scale
30:25 – Demand destruction and disruption
34:50 – Private Investments
35:45 – Outlook for educational institutions
38:55 – Building an investment team vs outsourcing
43:15 – Vatican Bank
46:55 – Investing in China
52:53 – Home country bias
57:41 – Closing comments