Patient Capital

How to overcome barriers to the long-term investments that are essential for solving the worlds biggest problems There has never been a greater need for long-term investments to tackle the worlds most difficult problems, such as climate change, human health, and decaying infrastructure. And it is increasingly unlikely that the public sector will be willing or able to fill this gap. If these critical needs are to be met, the major pools of long-term, patient capitalincluding pensions, sovereign wealth funds, university endowments, and wealthy individuals and familieswill have to play a large role. In this accessible and authoritative account of long-term capital investment, two leading experts on the subject, Victoria Ivashina and Josh Lerner, highlight the significant hurdles facing long-term investors and propose concrete ways to overcome these difficulties.