Transcript: Strategic capital allocation - Victoria Tillbrook
Strategic capital allocation - Victoria Tillbrook
Transcript
Victoria Tillbrook:
Most boards still make capital decisions one transaction at a time.
The organisations creating the most value don't.
They see acquisitions, disposals, refinancing, fundraising and portfolio optimisation as one connected capital allocation agenda.
Every decision shapes the next.
A disposal can release capital for future growth.
A refinancing can strengthen acquisition capacity.
A fundraise can enable transformation.
And an acquisition can bring in capabilities that would take years to build organically.
Private credit and increasingly diverse sources of capital have expanded the choices available to boards—but more choice also demands greater strategic clarity.
The question isn't simply whether each transaction makes sense individually.
It's whether those decisions work together to build the capabilities and competitive position the organisation will need next.
Capital allocation has become one strategic agenda—not five separate decisions.
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