[Editor’s note: This email was written by Peter K, a former McKinsey consultant and securities analyst who now leads the private investment division at Sovereign Man.]
Simon Black sent me to the former Soviet republic of Georgia to spend some time on the ground conducting due diligence on some potential private investments.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More
Georgia is a fantastic country that Simon has been to several times, and the opportunities here are simply amazing.
It’s not that Georgia has more opportunities than Europe, the US, and the rest of the world. Investment opportunities are everywhere.
The difference here is that Georgia is totally off the radar of most investors.
It’s a tiny country of 4 million people with a GDP of roughly $36 billion. That’s about half the size of the economy of New Hampshire.
And the total stock market capitalization is just a fraction of Uber’s most recent market value.
This means that it’s very difficult for large, institutional investors to put money to work in this country.
They need big scale… economies where they can easily deploy billions