TIDE Newsletter | February 2023

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Early-Bird Ends TODAY!

Early-bird is lock and loaded! Early-bird ends today and the low rate will not be extended.

RSVP: http://tidespark2023.splashthat.com

Book limited discounted hotel rooms here (must be registered to book):

https://book.passkey.com/event/50415430/owner/10863/home

PS. BOTH Marcie Frost and Nicole Mussico (CEO & CIO of CalPERS) are confirmed to attend. 🤩

TIDE Albany Aprés Dinner Drinks

Sponsored by Palladium Equity Partners, TIDE is doing what it does best - bringing the good vibes! Join us after dinner for a little get together that we're hosting at an undisclosed location. RSVP to get the details tomorrow: http://tidealbany2023.splashthat.com.

Fight the Urge (To Cut Back on Small Buyouts) - StepStone White Paper

When the economy shrinks, consumers respond by paying down debt, saving more, and spending less on nonessential goods. Institutional investors, on the other hand, adjust the “tilts” of their portfolios. They allocate more to defensive assets like private debt and real assets and seek reassurance from larger, more familiar private equity fund managers.

This comes at the expense of small, emerging, and, by extension, diverse managers, which some regard as riskier than their larger, “more proven” counterparts.

This report explores this tendency to cut back on small-market buyouts (SBO) and makes the case for why now may be the time to lean in.

PIMCO Trivia

In January's newsletter, 96 of you self-reported your scores. Only 17 got all the answers correct. The following are the champs (6 were anonymous)! 🏆

Arnold West

Pam Beim

Barbara Telek

Angie Daniel

Victor Lai

Jeff Wang

Ravi Alimchandani

Michelle Knight

Michael Stevens

Peter Raimondi

Daniel Lucas

Should we continue to include trivia questions on the newsletter?

Yes, it's entertaining!

Select

No, I like plain newsletters.

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Book Recommendations and Golden Advice

We were in touch with Chris Longee, former Managing Director at University of Chicago. He is living the life and enjoying retirement! For those of you who are fortunate to be retired or have a bit of leisure time, here are a few book recommendations from Chris.

“Station Eternity” by Mur Lafferty [Jan ’23; SciFi]

“Crying in H Mart” by Michelle Zauner [Feb ’23; Memoir]

“Just Like Mother” by Anne Heltzel [Mar ’23; Suspense]

“A Thousand Splendid Suns” by Khaled Hosseini [April ’23; KML Choice]

“A Taste for Poison: Eleven Deadly Substances…” by Neil Bradbury [May ’23; Non-Fiction]

“Severance” by Ling Ma [June ’23; CPL Choice]

“Just Like Home” by Sarah Gailey [July ’23; Horror]

“Out There” by Kate Folk [Aug ’23; Short Stories]

“The Return of Faraz Ali” by Aamina Ahmad [Sept ’23;POC Author]

“Sign Here” by Claudia Lux [Oct ’23; SciFi/Fantasy]

“Pachinko” by Min Jin Lee [Nov ’23; Fiction]

“Birds and Us: A 12,000 History” by Tim Birkhead [Dec ’23; Non-Fiction]

Chris sends his regards to his fellow institutional investors. I may also add that if anyone would like to chat about any funds that you are raising/concepts and need advice, he'd be happy to chat.

With about 30 years of experience mostly on the allocator side, Chris will have a few secrets to share on how to succeed in our industry. This is your chance of a lifetime before his schedule gets booked up with requests! E-mail Chris Longee.

Milken Mansion Party - May 2nd

For those familiar with Milken know that it's all about the mansion parties. As always, TIDE brings it.

We'll be hosting an LP evening event around Milken. Save the date for May 2nd. TIDE SPARK Sponsors will have get an invite.

TIDE ATX Regional Event - May 11th

Back by popular demand, TIDE will be hosting a regional event in Austin featuring local and guest LP's.

Join us to get updates on the public and private markets from movers and shakers in our industry. RSVP: TIDE ATX Regional Event.

If you'd like to sponsor any of these event to get access, please email Michelle for more information. If you're an LP and would like to get on the list, please email Grace.

Job Opportunities

***Featured Job Opportunities:***

Posted 1/14/2023

TIDE Perks: Working with Rob Rahbari!

Investment Officer

Events

16th Annual Emerging Manager & MWBE Conference

Albany, NY | February 16, 2023

Registration is now open for NYSTRS' 13th annual Minority- and Women-Owned Business Enterprises (MWBE) Investments and Professional Services Conference on Thursday, Feb. 16. While we hope to see you in person at our Albany office we are planning this as a hybrid event in case circumstances prevent you from traveling. See the agenda for more details.

TIDE Albany Aprés Dinner Drinks at Undisclosed Location

Albany, NY | February 16, 2023

RSVP

Attending the Albany conferences? Join us for a nightcap at an undisclosed location from 9 PM - 12 AM. The venue is exclusively reserved for our festivities and our festivities alone. You'll be in good company. Limited spots.

16th Annual Emerging Manager & MWBE Conference

Albany, NY | February 17, 2023

TIDE is honored to be partner of the Office of NYS Comptroller Thomas DiNapoli and be part of the 16th Annual Emerging Manager & MWBE Conference. Register today.

SuperTechnology North America

Los Angeles, CA | April 17-18, 2023

Connecting LPs & GPs in North American Tech

April 17 – 18, 2023

Hilton Los Angeles Universal City

10% Discount – VIP code: FKR2664TNL

View the agenda, and speakers for more information

Join 250+ leading technology experts in North American private equity and venture capital. SuperTechnology North America brings together senior executives from buyout, growth equity and venture capital firms, along with institutional investors to interact and to explore the latest trends, best practices, and market challenges in technology investments in North America.

Get to know like-minded LPs and GPs, create new contacts and catch-up with old friends at an event designed to supercharge your networking.

For more information or to register:

call: +44 (0) 20 8052 2013

email: gf-registrations@informaconnect.com

or click here to register your place.

TIDE ATX Regional Event

Austin, TX | May 11, 2023

RSVP

Regional Pop 🆙

Three-peat. We didn't mean for this to be an annual regional event. But what the TIDE Tribe wants, the TIDE Tribe gets. 😉

TIDE will be hosting a regional event in Hotel Viata in Austin on May 11th.

Join us to get an update on private and public markets from the movers and shakers in institutional investments.

Newport Event co-hosted by CFA Providence, State of Rhode Island, TIDE

Newport, RI | June 1, 2023 tentative

More Info

Back by popular demand, TIDE is super excited to co-host a Rhode Island event with CFA Providence and the State of Rhode Island. We're still working out the details so stay tuned!

TIDE SPARK 2023

Dana Point, CA | July 12-13, 2023

Featuring the hottest names in the industry, TIDE is hosting its marquee second annual conference at Dana Point, CA. Register now for Early-Bird tickets.