GFG believes private equity investing, particularly venture capital, offers investors the opportunity to significantly exceed public market returns because it is a more inefficient market than public equities. Opportunities are often local and unpublished. Moreover, venture capital is one asset class that has demonstrated that active portfolio management can significantly increase returns. Central to both these characteristics is the guiding principle that venture capital is not primarily finance; rather, it is building sustainable businesses and new industries. GFG believes that managers who understand this distinction are the managers who will succeed over the next decade.