Capital Allocators – Inside the Institutional Investment Industry

Colin Smith and Farouk Miah are the founders of All Africa Partners, a concentrated, public equity fund they launched last year with backing by three of the most successful investors in the region. Our conversation covers their backgrounds and the opportunity set on the continent, including Africa's market size, investable countries, liquidity, market performance, businesses, valuations, and curre...

Michael Rees is the Founder and Head of Dyal Capital Partners and Co-President of public company Blue Owl (OWL) after Dyal's merger with Owl Rock last year. Dyal is the market leader in buying General Partner stakes from established private equity and alternative asset managers and oversees $45 billion in its strategy. Our conversation covers Michael's background, the early years of minority stake...

Our fourth episode of Private Equity Deals released this morning.  I'm joined by Kevin Callaghan and Larry Hamelsky, long-time team members at Berkshire Partners. We discuss their investment in Parts Town, one of those seemingly boring businesses that keeps on compounding.  Tune in to the Private Equity Deals feed to learn why. Listen to Berkshire Partners on Private Equity Deals Subscribe to Priv...

Jon Ballis is the Chairman of the Executive Committee of Kirkland & Ellis, one of the world's leading law firms and the market leader in private equity. Kirkland generated $6 billion in revenue last year, including work with 700 investment fund clients and $443 billion in M&A deals across 1,000 transactions. Jon has been recognized in every edition of the Best Lawyers in America since 2006 and one...

On today's Manager Meeting, Tim McCusker interviews Jack Sommers. Tim is the CIO at NEPC and a past guest on Capital Allocators. He oversees investment research and strategy for the $1.5 trillion consultant. Jack is the co-founder and Executive Chair at Income Research and Management, a $90B core fixed income investment firm. He was instrumental in developing IR+M's disciplined bottom-up investmen...

Reade Griffith is the co-founder and Chief Investment Officer of Tetragon and Polygon. Tetragon is a European-listed public holding company with $38 billion in assets, comprised of $3 billion in direct investments on its balance sheet and $35B at TFG Asset Management, a subsidiary that backs external funds in an array of alternative strategies. Polygon is a $1 billion European event-driven hedge f...

Our third episode of Private Equity Deals released this morning.  I'm joined by Jarryd Levine, who helps lead Stone Point Capital's investments in Business Services and Human Capital Management. We discuss their purchase of Bullhorn, a leading global software provider for the staffing industry. Stone Point is the fifth private equity owner of the business, and I invite you to tune in to learn why....

Louis-Vincent Gave is the Founding Partner and CEO of GaveKal, a leading independent provider of macro research, and GaveKal Capital, manager of $2 billion in assets. Louis is one of my go-to sources for strategic research. He came on the show earlier this year to discuss the conflict in Ukraine, and that conversation is replayed on the feed. This time around, we cover Louis' perspective on the be...

Louis-Vincent Gave is the Founding Partner and CEO of GaveKal, one of the world's leading independent providers of macro research, and GaveKal Capital, a manager of $2.7 billion in assets. Louis launched GaveKal alongside his father in 2000 and has become a go-to source for creative research on global economics and asset allocation, particularly in China. He recently penned  CYA as a Guiding Princ...

On today's show we'll discuss another empty room – an opportunity ignored by most investors because they either don't want to or can't participate. Andy Acker is a Portfolio Manager at our anchor sponsor, Janus Henderson Investors, where he manages the firm's healthcare strategies. Janus Henderson is a global asset manager with $300B in assets under management, and Andy oversees the firm's Global...

Annie Duke is a former professional poker player, decision making expert, best-selling author, and fortunately, a repeat guest on the show. Our first conversation about Annie's background and best-seller Thinking in Bets is replayed on the feed. Her latest masterpiece releases tomorrow. It's called Quit: The Power of Knowing When to Walk Away, and I'm going on record predicting it will be a best-s...

Annie Duke is a renown public speaker and decision strategist. For two decades, she was one of the top poker players in the world, including winning a World Series of Poker bracelet and the $2 million winner-take-all WSOP Tournament of Champions. Her study of the science of smart decision-making began with a National Science Foundation Fellowship, which she used study Cognitive Psychology at the U...

Our second episode of Private Equity Deals released this morning.  I'm joined by Scott Crabill, a long-time partner at Thoma Bravo, to discuss their take private purchase of RealPage. Search for Private Equity Deals on your favorite podcast platform and subscribe. Listen to Thoma Bravo on Private Equity Deals Subscribe to Private Equity Deals Subscribe on Apple Podcast Subscribe on Spotify Subscri...

Matt Brown is the CEO of CAIS, the leading investment platform that connects independent financial advisors with managers in alternative strategies.  Matt was a guest on the show last year discussing his path and the business, and that conversation is replayed in the feed. Since that time, CAIS and the broader movement of private wealth into alternatives have accelerated rapidly. I caught up with...

Matt Brown is the Founder CEO of CAIS, a leading alternative investment platform on which thousands of financial advisors have invested over $12 billion in alternatives across private equity, private credit, hedge funds, and real estate.  Our conversation covers Matt's background as both a financial advisor and distributor of alternatives that collectively led to the idea behind CAIS. We discuss t...

On today's Manager Meeting, Savneet Signh interviews Adam Wyden. Savneet is the President and CEO of PAR Technology Corp, a $1.5 billion market cap public technology company, the Chairman of CoVenture, and a past guest on Capital Allocators earlier this year, sharing his unique perspectives as a successful operator and investor. Adam is the founder and Managing Partner of ADW Capital, a $350 milli...

Last year, four of my oldest friends in the business and I got together to banter about a range of investment topics. Now admittedly, I pretty much had to pull their teeth to make it happen that first time, but after having so much fun with it, our old gang didn't hesitate to do it again. Our dinner crew - Meredith Jenkins from Trinity Wall Street, Casey Whalen from Truvvo Partners, Brett Barth fr...

I'm excited to share the first episode of a new podcast called Private Equity Deals. Much like Capital Allocators, we'll share investment conversations that previously occurred only behind closed doors. In each episode, we discuss an individual private market deal with a manager to learn about the companies, deal dynamics, and ownership that make private equity a force in institutional portfolios...

Greg Lippmann is the co-founder and Chief Investment Officer of LibreMax, an $8 billion asset management firm specializing in structured products. Greg co-founded LibreMax in 2010 after a long tenure at Deutsche Bank focused on the space. He was one of the originators and the literal epicenter of the subprime mortgage short position during the financial crisis. Michael Lewis featured Greg in The B...

Every so often, I share my thoughts on investing on the other side of the mic. And occasionally, those ideas are different from what I've shared in the past. Recently, I appeared on the Opto Sessions Interviews with Extraordinary Investors podcast hosted by Haydn Brain. Opto identifies key themes and ideas to help investors get exposure to structural growth trends through a daily newsletter, magaz...

On today's Manager Meeting, Andy Golden interviews Allan Jean-Baptiste and Marco DeMeireles of Ansa Capital. Andy is President of PRINCO where he has overseen the management of Princeton University's endowment since 1995. Alongside his long successful tenure, he is a master with wordplay and the use of the pun. Allan and Marco are the Co-Founders and General Partners of Ansa Capital, a thesis-driv...

On today's show we'll discuss a classic empty room – an opportunity ignored by most investors. In this case, we dive into the investment case for Venezuela, a non-starter for pretty much every institution because of the country's autocratic political regime, sanctions, and headline risk. But alongside those known risks are the potential for significant rewards. Rodrigo Bitar is the Co-Founder and...

Carla Harris is a Senior Client Advisor at Morgan Stanley, the most recent of many posts in her 35-year career at the firm that included serving as Vice Chairman of Wealth Management, heading the Emerging Manager platform, and running deals for decades as an investment banker and capital markets professional. She is the author of three books about navigating careers and leadership,  Expect to Win...

On today's Manager Meeting, David Huang interviews Howard Smith. David is an Associate Director at UTIMCO, the $66 billion investment company that manages the largest public endowment fund in the country. Howard is a Partner and Portfolio Manager of the Japan strategies at Indus Capital, an Asia-focused investment firm that manages $3.5 billion, including $1 billion focused on Japan. Indus was fou...

Paul Enright is a private investor managing his own capital under single family office, Krainos Capital. Paul opened Krainos after a dozen years at Viking Global Investors, the multi-billion dollar long-short equity hedge fund that also has been one of the most successful breeding grounds for talent in the industry. He has a deep understanding of intricacies of long-short equity investing and a kn...