Private equity specialist Altius Associates Ltd., London, is holding an exhibition of art by its staff and anyone else associated with private equity. The firm is selling tickets for a Sept. 1 viewing of the work at Christie's Inc. in London, and the money raised will go to Shelter, a British housing and homelessness charity, and the Multiple Sclerosis International Federation.
Because it is difficult to price non-professional art works, ticket holders will be randomly allocated an exhibit to take home with them, said Jenny Finlay, principal at Altius and exhibition organizer. There will also be a "swap shop" so ticket holders can exchange art works if they are not happy with their selection.
So far, 50 private equity professionals — including Real Desrochers, director of alternative investments at the $123.5 billion California State Teachers' Retirement System, Sacramento, and Pawan Chaturvedi, principal of Altius' U.S. office in Richmond, Va. — have agreed to submit work ranging from sculpture and jewelry to oil paintings and watercolors, said Ms. Finlay.
The exhibition will allow participants to see a more creative side of their peers and colleagues in the private equity industry, said Ms. Finlay.
"The bonus is that they may walk away at the end of the evening with an original by say, one of the CalSTRS team — a priceless adornment and a great conversation point for any meeting room," she added.