Wealth of Experience

Commercial property fallen angels, PE update, Bullock's hawkish ways | 29 Nov 2023

November 29, 2023
Commercial property fallen angels, PE update, Bullock's hawkish ways | 29 Nov 2023
Wealth of Experience
Chapters
2:23
Peter Warnes
2:30
Peter Warnes - Michelle Bullock's hawkish start
5:19
Peter Warnes - RBA changes to communications strategy
6:38
Peter Warnes - can't assume another rate hike coming
8:16
Peter Warnes - low business investment an economic concern
10:41
Peter Warnes - causes for poor business investment
12:15
Peter Warnes - housing crowded out other investments?
15:39
Steven Bennett - CEO of Direct Property at Charter Hall
16:04
Steven Bennett - his role at Charter Hall
16:39
Steven Bennett - how his unlisted funds are split
17:21
Steven Bennett - recap of tough year in property
19:52
Steven Bennett - on scrutiny of cap rates for the industry
21:17
Steven Bennett - on low transaction volumes
22:16
Steven Bennett - disconnect between public and private property values
24:07
Steven Bennett - property's challenges
24:50
Steven Bennett - long-term opportunities
25:58
Steven Bennett - bullish industrial property prospects
27:08
Steven Bennett - 2-tiered office market
28:05
Steven Bennett - retail, little evidence of consumer slowdown
28:38
Steven Bennett - bank financing ok for property
29:54
Steven Bennett - global property trends
33:37
Rainer Ender - Global Head of Private Equity at Schroders
34:15
Rainer Ender - what brings him to Australia
34:57
Rainer Ender - defines private equity
36:15
Rainer Ender - tougher 2023
38:51
Rainer Ender - controversy of private equity valuations
42:14
Rainer Ender - secondary PE market growth
44:58
Rainer Ender - overview of Schroders' funds
47:59
Rainer Ender - challenges for PE going forwards
49:28
Rainer Ender - investment areas he likes
53:33
Rainer Ender - opportunity with family owned businesses
More Info
Wealth of Experience
Commercial property fallen angels, PE update, Bullock's hawkish ways | 29 Nov 2023
Nov 29, 2023

Season 2, Episode 13

After a glorious decade, private assets are being tested by a higher interest rate environment. Commercial property is at the forefront of that, and Steven Bennett, CEO of Direct Property at Charter Hall, joins us to talk through the challenges that he's facing as well as the opportunities going forward.

Another area of private assets being stress tested is private equity. Though, Rainer Ender is the Global Head of Private Equity at Schroders, thinks media coverage on this has been over-hyped. There are some segments such as late-stage venture capital and leveraged buyouts where deals are drying up, but other segments are holding up better. 

Regular guest, Peter Warnes from Morningstar's Your Money Weekly, gives us an insight into why the new RBA Governor seems to be more wary of inflation than her predecessor, and what it means for interest rates and the economy. 


Show Notes Chapter Markers

Season 2, Episode 13

After a glorious decade, private assets are being tested by a higher interest rate environment. Commercial property is at the forefront of that, and Steven Bennett, CEO of Direct Property at Charter Hall, joins us to talk through the challenges that he's facing as well as the opportunities going forward.

Another area of private assets being stress tested is private equity. Though, Rainer Ender is the Global Head of Private Equity at Schroders, thinks media coverage on this has been over-hyped. There are some segments such as late-stage venture capital and leveraged buyouts where deals are drying up, but other segments are holding up better. 

Regular guest, Peter Warnes from Morningstar's Your Money Weekly, gives us an insight into why the new RBA Governor seems to be more wary of inflation than her predecessor, and what it means for interest rates and the economy. 


Peter Warnes
Peter Warnes - Michelle Bullock's hawkish start
Peter Warnes - RBA changes to communications strategy
Peter Warnes - can't assume another rate hike coming
Peter Warnes - low business investment an economic concern
Peter Warnes - causes for poor business investment
Peter Warnes - housing crowded out other investments?
Steven Bennett - CEO of Direct Property at Charter Hall
Steven Bennett - his role at Charter Hall
Steven Bennett - how his unlisted funds are split
Steven Bennett - recap of tough year in property
Steven Bennett - on scrutiny of cap rates for the industry
Steven Bennett - on low transaction volumes
Steven Bennett - disconnect between public and private property values
Steven Bennett - property's challenges
Steven Bennett - long-term opportunities
Steven Bennett - bullish industrial property prospects
Steven Bennett - 2-tiered office market
Steven Bennett - retail, little evidence of consumer slowdown
Steven Bennett - bank financing ok for property
Steven Bennett - global property trends
Rainer Ender - Global Head of Private Equity at Schroders
Rainer Ender - what brings him to Australia
Rainer Ender - defines private equity
Rainer Ender - tougher 2023
Rainer Ender - controversy of private equity valuations
Rainer Ender - secondary PE market growth
Rainer Ender - overview of Schroders' funds
Rainer Ender - challenges for PE going forwards
Rainer Ender - investment areas he likes
Rainer Ender - opportunity with family owned businesses