Jacks of All Trades

According to IBISWorld's latest statistics, more than 14,000 U.S. private equity, hedge funds and investment vehicle businesses now exist, an increase of 2.4 percent from 2022. First and foremost, those wanting to enter this congested and chaotic turf must do an honest self-assessment, posing these key questions: Along with possessing self confidence, David Moross, cofounder, chairman and CEO of HighPost Capital LLC, in West Palm Beach, Fla., says he "needed to have deep and profound relationships with entrepreneurs, CEOs, bankers, counterparties, investors and many others" before starting his firm in 2019. Since its inception, HighPost has raised over $535 million in capital and invested in companies in the sports, media, lifestyle and wellness sectors. At CAI, Green also "sought out partners with diversity of thought and diversity of experience to make sure we did not see everything the same way," he says. Because of this mixture of backgrounds and ideas, CAI's "Investment Committee conversations are rich, challenging and thoughtful," he notes.