Football players may not be the most obvious investors that spring to mind but the current generation is changing all that, as they seek out VC investments beyond the football pitch.And prove that beyond the on-field histrionics, some of them really are Angels. Former footballers such as French international Olivier Dacourt are turning the tables by investing in Revyze, dubbed the TikTok of education, with Rio Ferdinand and Gerard Pique also building significant post-career wealth backing NFT trading card game Sorare. Chris Smalling and Mario Gotze, both still active footballers, are rising to prominence in the investment world too as they seek to become pitch-perfect. This new era of footballers-cum-investors is hardly likely to have professional investors shaking in their boots. But substituting one pitch for another looks to be gathering momentum.
Toronto may want to squeak rather than shout it from the rooftops, following news that it sits atop UBS’s Global Real Estate Bubble Index. Strong population growth and low mortgage rates have helped propel Toronto’s real estate market, ahead of Frankfurt and Zurich. UBS suggested that, along with Vancouver (which came in at number 6 on the index), the bubble risk for Canadian cities is now “highly elevated”. With mortgage rates rising, real estate investors can’t afford to live in a bubble if Toronto’s housing market starts to deflate. As is often the case, once any overheated market comes to end, it can create a witch’s brew of toil and trouble.
Discover in this article the CEO Announcement and our plans for IPEM in 2023
Private equity shops are fast becoming the new kids on the block(chain) as they seek to widen out their investor base by tokenising their funds. Hamilton Lane, Partners Group and now KKR have all taken the move to launch funds on fintech platforms, signalling that this exclusive, hard to access asset class, is fast embracing democratisation. And could, if successful, provide a crucial link for retail investors keen to gain exposure to private markets. Much will depend on the technology’s ability to handle smaller, more frequent capital calls. But assuming blockchain rises to the challenge, private equity could soon find it has a number one hit on its hands #topoftheblocks
Discover in this article the full Photo Gallery of IPEM 2022!