”Managing public commercial assets is not rocket science. It is done in the private sector every day” – Dag Detter
Sitting on
a goldmine
Every city and national government is sitting on a virtual goldmine of commercial assets, much larger than their debt. While managing debt has been the concern for decades, public wealth remains opaque and largely ignored. The lack of transparency and the polarised debate on public ownership has missed the most important point – the quality of asset management.
Doubling
infrastructure
investments
An achievable improvement in public asset management would yield returns that could help fund infrastructure investments and other public services without increasing debt or taxes - to boost economic growth.
Sitting on a goldmine
Every city and national government is sitting on a virtual goldmine of commercial assets, much larger than their debt. While managing debt has been the concern for decades, public wealth remains opaque and largely ignored. The lack of transparency and the polarised debate on public ownership has missed the most important point – the quality of asset management.
Doubling infrastructure investments
An achievable improvement in public asset management would yield returns that could help fund infrastructure investments and other public services without increasing debt or taxes - to boost economic growth.
” There should be no excuse for those in power to dismiss these ideas”
Financial Times, Chris Giles
Better Data
An indicative valuation to determine the potential value of all commercial assets, including real estate, to gain an understanding of the financial opportunity
The Public Wealth Fund
Consolidate the portfolio inside an independent holding company, to enable the professional management and the portfolio of assets to reach its best potential
Capture the hidden value through development of every asset, would help achieve fiscal sustainability, revive economic growth, and create additional revenues for the benefit of society as a whole
Dag Detter
founder and Managing Partner
Dag is specialised on public commercial assets and works as an advisor to local and national governments, investors and international financial institutions such as the IMF, World Bank to help unlock public wealth. He has also worked as an investment banker and advisor in Asia and Europe and served as Non-Executive Director on a range of boards of private and public companies
As the former President of Stattum, the Swedish government holding company and Director at the Ministry of Industry responsible for government-owned enterprises, he led the comprehensive restructuring of the national government portfolio.
Introducing private sector discipline to the largest owner of commercial asset in Sweden was seen as: “Bold Novel Approach – yielded significant” by James Sassoon et al in Privatisation International. While BNP Paribas thought ….the “Reforms can be considered revolutionary”. FINANCIAL TIMES commented that “Sweden is learning private sector ways, but resisting wholesale privatization”. Here is a Case study on – The Swedish Experience – How Dag helped Sweden introduce professional management.
Books
For further reading in this topic, read the books published by Dag Detter.
