Uncommon Capital: Navigating Alternative Investments

Asset-based finance is one of the fastest growing segments in private credit. These are assets we all know and experience in the real economy – from mortgages to consumer credit to auto loans. From an investor perspective, the appeal is diversification through bespoke structures, granular portfolios and cash-flowing or income-producing assets. Find out why asset-based finance is trending in this q...

In this episode of Uncommon Capital , Brian Resnick speaks with Noel Archard, AllianceBernstein's Global Head of Product Solutions and Marketing, about the evolution of investment vehicles and what it means for access to alternatives. The conversation explores the strengths and limits of ETFs, the role of semi-liquid structures like interval funds, how model portfolios and UMAs can help advisors i...

Semi-liquid investment vehicles provide liquidity features, but they do not provide guaranteed liquidity. As new structures are designed to make private investing more accessible, they are garnering attention, questions and some scrutiny. Learn more about what private market vehicles are and why structure matters in this quick take. This podcast is for informational purposes only and is not invest...

What do the Iran conflict, rising jet fuel prices, and aircraft shortages mean for airlines and investors? Jim McManus of AB CarVal breaks down the forces driving today's aviation market, from geopolitical risk and energy volatility to the long-term supply/demand imbalance in aircraft leasing. The episode also explores why private credit has become an increasingly important source of financing for...

Underlying fundamentals in private credit appear sound, so why are negative headlines implying something different? Private Credit has generally offered yields higher than public high yield markets usually due to the liquidity premium, but it is not designed to be a daily liquidity asset class. To better understand the trade-offs, Brian Resnick gives a quick take on what's happening in private cre...

Matt Bass, Head of Private Alternatives at AllianceBernstein, offers his view on private markets – from asset diversification and liquidity to the potential for growth and regulation. With a focus on transparency and clearing up misconceptions, Matt takes us behind-the-scenes at a growing fund manager poised at the intersection of direct lending, asset-based finance and all things private credit....

Private equity is simple – it's about owning companies, improving them and returning long-term value.   Note to All Readers: The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this podcast. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no g...

Scott Greenfield, principal with AB CarVal, takes us on a tour of the broad commercial real estate credit market from private lending to investments in commercial mortgage backed securities (CMBS). He discusses what's interesting, the relative value between public and private markets, and how he and his team are deploying capital without chasing what everyone else is. Note to All Readers: The info...

Welcome to the first episode of Uncommon Capital's Quick Takes where host Brian Resnick breaks down real world investment insights in under five minutes. For our first topic, we start at the beginning: What are private markets? Note to All Readers: The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of th...

Private markets are expansive and still growing, and it all began with core middle market direct lending. Jay Ramakrishnan, senior managing director with AB Private Credit Investors, guides us through the evolution of the market – from its early 90's beginning to its surge post-GFC and through its continued climb as banks face greater capital constraints. Despite recent industry scrutiny, the dema...

In this episode of Uncommon Capital, Aaron Filbeck, managing director and head of content and community strategy at CAIA, takes us to the intersection of education, innovation, and the rapidly evolving world of alternative investments. Aaron breaks down the ins-and-outs of alternatives and makes the case for being well-informed – ultimately, we must learn to say "no" as often as we say "yes." Note...

In this episode of Uncommon Capital, Brian Resnick and Ken Haman, managing director of the Advisor Institute at AllianceBernstein, dive into the challenges advisors face when navigating alternative investments. Ken provides actionable insights and strategies to help advisors overcome obstacles, build trust and effectively introduce alternatives to client portfolios. Note to All Readers: The inform...

Andrew Deck, Head of Alternative Investments at LPL, unpacks why this moment for alternatives is different than before. He shares insights on the growing role of private markets in wealth management, the shift toward institutional-quality products now accessible to individual investors, and the business risk advisors face if they're not talking to clients about alts. Note to All Readers: The infor...

In this episode of  Uncommon Capital , Xiaoyu Gu, managing director at AB CarVal, unpacks the shifting global policy landscape and the geopolitical dynamics between China, Europe, and the U.S.—and how these forces are reshaping energy investment. She highlights the role of private credit in navigating supply chain challenges, battery storage, and development financing amid accelerating demand. Not...

In this episode of Uncommon Capital, Emily Wilson, managing director with AB CarVal, takes us on her journey from engineering to finance to finding her niche in aviation leasing. In a constrained supply market, the global demand for aircraft is steadily increasing. Emily details aviation leasing as an opportunity for portfolio diversification, stable cash flows and assets uncorrelated to broad mar...

In this episode, Roger Newkirk explores the benefits and challenges of managing private credit within an interval fund structure. Roger shares insights on the current market landscape, emerging opportunities in asset-based finance, and his distinctive path through the investment management industry. DISCLAIMER Note to All Readers: The information contained here reflects the views of AllianceBernst...

In this episode of Uncommon Capital, we sit down with P.J. Collins to unpack two decades of insights from investing in consumer credit. P.J. shares how the landscape has evolved - from the dominance of traditional banks to the rise of private asset-based finance - and breaks down exactly what "asset-based finance" means in today's market. We also dive into the role of private credit in this ecosys...

In this episode, we speak with Lucas about how his experiences in the armed services and as an agent for the Secret Service informed his investment philosophy. Lucas discusses the keys to successfully navigating the private markets as an opportunistic investor, while also sharing lessons learned. Note to All Readers: The information contained here reflects the views of AllianceBernstein L.P. or it...

Welcome to Uncommon Capital, the podcast that takes you on a captivating journey through the world of finance, guided by the stories of senior investment professionals who have traveled unique paths in the industry. Each episode delves into the personal and professional journeys of leaders and trailblazers who have dared to think differently, uncovering the insights, challenges and triumphs that h...