Owen Rask was recently joined by Sebastian Evans of NAOS Asset Management to talk about the opportunity on offer by investing in private companies.

This is a fascinating conversation that covers:

• Why Sebastian wants to target private companies with $5m+ in revenue
• The universe of private companies (Note: in Seb's chosen universe, there are over 50,000 private businesses compared to less than 400 on the ASX)
• The risks of private company investing (there are lots)
• ESG factors when you do private company investing & how NAOS manages ESG concerns
• How to value and research private companies
• The legal & corporate governance side of private businesses (e.g. shareholders agreements, types of compliance steps, etc.)
• How to construct a portfolio of private businesses
• The filtering process and finding private companies to buy based on ATO data
• 
  

Resources:

NAOS Private Opportunities Fund: https://www.naos.com.au/npof-naos-private-opportunities-fund/?utm_source=RASK

Owen's 1st small-cap podcast with Seb: https://www.rask.com.au/2019/11/10/sebastian-evans/

Date of recording: September 22, 2021

Disclosure: please note that NAOS is the sponsor of this episode of the podcast and as such agreed to pay a fixed fee to Rask Group, set in advance and by a third party, to appear on this episode. This is a disclosure and not a recommendation of NAOS. Please read the PDS & speak to your financial adviser before acting on the information in this podcast.

Learn more about your ad choices. Visit megaphone.fm/adchoices