Bribery and Other Compliance Considerations in Private Equity and Venture Investing
Bribe, Swindle or Steal
Alexandra Addison-Wrage of TRACE International
4.9 • 582 Ratings
🗓️ 24 March 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
Jeff Wright, managing partner of Actium Capital, shares a rare private investor perspective on compliance in international deals.
Transcript
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| 0:00.0 | Welcome back to the podcast, bribes, swindle, or steel. I'm Alexandra Rogge. |
| 0:10.5 | We're doing something a bit different today. We generally speak with investigative reporters |
| 0:14.5 | who uncover misconduct or compliance experts who manage risk. The only time we focused on the |
| 0:20.0 | business side is when we've talked to a |
| 0:21.7 | handful of people who ended up in prison because of their misconduct. And happily, this is a different |
| 0:26.2 | conversation today. My guest is Jeff Wright. Jeff is the managing partner of Actium Capital, |
| 0:31.7 | a private investment company with a global portfolio. ActDM has varied interests with real estate, |
| 0:37.3 | a managed loan fund, operating |
| 0:38.9 | companies to seed and Series A startup investments. Jeff is a self-described agnostic capitalists |
| 0:44.9 | that believes the world will change for the better when we have more women in leadership roles. |
| 0:50.2 | Jeff, thank you for joining me. |
| 0:52.4 | Alexander, it's wonderful to be here with you today. |
| 0:54.9 | Why don't you start by telling us what you mean by agnostic capitalist? |
| 1:00.3 | Acting capital is sometimes a little difficult to explain to people because we are not |
| 1:04.9 | pigeonholed or traditional PE or VC. |
| 1:08.7 | We look at a broad range of businesses and invest where we find we can |
| 1:13.6 | add value. We're opportunistic. We don't focus on just one area or one specific type of business or |
| 1:21.1 | one type of technology. Most of our deals are sourced by ourselves. And so we go out and we try to find great companies |
| 1:28.9 | with great leadership teams and good opportunities. That's what it means to be agnostic. |
| 1:34.5 | Let's shift right away to the compliance component of this. How do you evaluate investment |
| 1:42.3 | opportunities from a risk perspective? And are there sectors or even whole |
| 1:48.5 | countries, whole markets that you avoid? I think risk plays an aspect of the due diligence and |
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