Apart from Secondaries Investor, of course, what’s on the reading list of secondaries market executives this summer? That’s the question we’ve been asking industry professionals in recent weeks.
From a book about the founder of Nike, to a graphic novel about the history of video games, secondaries folks are reading a wide selection this year. We hope you enjoy this list – hopefully poolside, sipping a piña colada, or on the beach catching some sunshine with friends, loved ones and pets.
“A great book to learn how the system can fail the children and people of America and how long it took to bring the perpetrators to an end. It also shows how powerful it can be when people unite behind a cause to bring justice to all.”
This Is How It Always Is
By Laurie Frankel
“A great story of how one family, especially the parents, face the truth about their young child and ‘his’ identity, and the great lengths they take to protect ‘him’ from a world that doesn’t understand. It is also a great book for parents to see that they are not alone on their emotional journey with their children.” – Wandy Hoh, head of investment solutions, Macquarie Alliance Partners, Macquarie Asset Management
The Bond King
By Mary Childs
“The first of this pair of books provides an insight into an internal world of Pimco and the story of Bill Gross and his team.”
The Essence of Alan Watts
By Alan Watts
“The other is the compilation of speeches and core ideas by Alan Watts, a brilliant philosopher and a writer of the 20th century known for his work with Eastern philosophies. Both books, in a different way, deal with the subject of decision-making within the constraints of human groups and societies.” – Olga Kosters, managing director, private credit secondaries, Apollo Global Management
By Phil Knight
“One book I highly recommend is Shoe Dog, by Phil Knight. It’s an amazing memoir about the founder of Nike, who has inspiring tips on entrepreneurship, how to build and motivate a team, and how to take calculated risks that push you out of your comfort zone. Shoe Dog particularly resonates with me now, as I embark on a new challenge myself and will be moving from Switzerland to San Francisco this summer to further grow LGT Capital Partners’ business in the US.” – Martha Heitmann, partner, LGT Capital Partners
The Island of Missing Trees
By Elif Shafak
“I always choose fiction on holiday, and this summer, more precisely, I have gone for historical fiction with The Island of Missing Trees. The book spans generations and moves between Cyprus in 1974 and London in the 2010s. A poignant reminder of the lasting impact of conflict.” – Catherine Badour, head of investor relations, Hollyport Capital
“This summer I will be re-reading The Culture Map. In my role, leading a global team and having worked in London, Paris, Amsterdam and now in New York, this book is a classic for me. I have read it several times as a guide to working effectively across cultures. In today’s business world, where teams are spread across the planet, this is an ever-relevant book for those who lead.” – Ruulke Bagijn, head of Carlyle’s global investment solutions segment, and chair of the board of AlpInvest
The Power of Regret
By Daniel Pink
“We all have them, and this book describes the different types of regrets and how we can use these experiences to progress us forward.”
Stillness is the Key
By Ryan Holiday
“The importance of quietness, reflection, long walks and periods of isolation to live our best life.” – Nigel Dawn, global head of private capital advisory, Evercore
The Power Law: Venture Capital and the Making of the New Future
By Sebastian Mallaby
“For those in private equity who want to keep their minds engaged in their work domain, I recommend. This provides fascinating insight into how tech innovation is funded and how early-stage companies are stage-managed by their venture capital backers.”
The Stranger in the Lifeboat
By Mitch Albom
“For those who want something deep and light at the same time, something more spiritual in nature, I recommend The Stranger in the Lifeboat. I found this to be a very calming book – far removed from the world in which we live, yet also at its centre.” – Jeff Hammer, global co-head of secondaries, Manulife Investment Management
The Comic Book Story of Video Games: The Incredible History of the Electronic Gaming Revolution
By Jonathan Hennessey
“As the title says, it’s an ‘incredible’ history, and I have been a selective video gaming collector – zoomers may have spotted a (rare) NEC TurboExpress 16 Grafx handheld gaming console on my home office shelf.
For one thing, I was born in the 1970s when the industry started, so parallel growth! For another, when I used to be a younger VC analyst, one top US Silicon Valley VC firm told me: ‘We don’t invest in the video gaming industry; we invest into real companies”… and yet it’s been a fantastic industry, not only for gamers, but also for investors.
It is also an industry that keeps transforming itself, with a mix of media, technology, arts and mass social interactions, and the book might give me hints on its future evolution/ where it’s going/ I mean learn the future through history… Definitely some strong similarities with the equally incredible evolution of the secondary market!” – Thomas Liaudet, partner and global head of GP capital advisory, Campbell Lutyens
– Adam Le, Rod James and Madeleine Farman contributed to this article.