Beyond Surface Metrics of Private Market Investments: A Conversation with Michael Zeuner & Matt Farrell

The Wealth Enterprise Briefing

In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner at WE Family Offices, is joined by Matt Farrell, senior investment manager, to explore how private investors can gain better insights into their portfolios by looking beyond traditional metrics like Internal Rate of Return (IRR) and Net Asset Value (NAV).

Key points discussed include:

• The widespread decline in venture capital returns across recent years and what it means for investors.
• Why focusing solely on IRRs and NAVs can be misleading for assessing investment health.
• The value of understanding company-level metrics like operating income and occupancy rates.
• How transparency and detailed reporting from fund managers are essential for evaluating the real performance of assets.
• Patience is crucial — why long-term growth in underlying assets may not immediately reflect in returns.

Michael and Matt underscore the importance of going beyond surface-level data to truly understand the health of underlying assets in a portfolio. They emphasize that while the path can be slow and require patience, private investors who focus on detailed metrics and maintain transparency with fund managers are better positioned to make informed decisions.

As always, if you have any questions or need further insights into your investment strategy, please don't hesitate to contact us.

Important Information:

This podcast contains our current opinions and commentary that are subject to change without notice. Our commentary is distributed for informational and educational purposes only and does not consider the specific investment objective, financial situation, or particular needs of any recipient. Information contained herein has been obtained from sources we believe to be reliable, but we do not guarantee its completeness or accuracy. The information contained herein does not constitute legal or tax advice to any person. Please consult with your legal or tax advisor regarding any implications of the information presented in this presentation.