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Bribe, Swindle or Steal

Bribery and Other Compliance Considerations in Private Equity and Venture Investing

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

News, Business, Business News

4.9582 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

Click on a timestamp to play from that location

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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