This is an extract from an article written by James Thomson for the Chanticleer, Australian Financial Review, published on 5th February 2025.
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As he shivers through the coldest New York winter in years, Flexstone Partners managing director Nitin Gupta has found one source of warmth: he doesn’t have to ride the ups and downs of the US sharemarket as it reacts to the latest policy pronouncement of the Trump administration.
Gupta, who oversees $US10 billion ($16 billion) worth of private equity investments for a global client base that includes Australian superannuation fund HostPlus, is happy to be sitting in the relative shelter of the mid-market part of the private equity sector, where deals are struck for between $US50 million and $US500 million.
“I don’t think I could deal with the public markets,” he tells Chanticleer.
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