Upside Capture

Markets braced for a crisis. The data told a different story. Host David Stubbs is joined by Anastasia Amoroso, Chief Investment Strategist at Partners Group , to walk through the firm's latest Private Markets Chartbook — starting with why oil inventories may buffer the Middle East supply shock, with an estimated 20–25 bps impact to US core PCE, slower growth, and a Fed more likely to hold tha...

Private markets are more complex and more opportunity-rich than headlines suggest, and the firms with the best intelligence are the ones closest to the data. Host David Stubbs is joined by Sonali Basak of iCapital to unpack what's actually moving in private markets today. From AI's uneven impact on mega-cap free cash flow to a $5 trillion private equity backlog, Basak draws on iCapital&#39...

The gap between what the world needs and what governments can build is widening fast and private capital is moving in. Host David Stubbs is joined by Keith Derman, Head of Infrastructure Opportunities at Ares Management , to discuss why infrastructure may be the most consequential investment opportunity of the next decade. Three forces are hitting simultaneously: AI and data centers driving unprec...

How should investors think about private markets and private credit in today’s portfolio environment? In this episode of Upside Capture, host David Stubbs speaks with Philip Hasbrouck , co-head of Cliffwater’s asset management business, about the role of private markets in long-term portfolio construction and current conditions in private credit. Phil shares Cliffwater’s 10-year capital market ass...

What do rising geopolitical tensions mean for growth, inflation, and the future of the U.S. economy? In this episode host David Stubbs speaks with Stephanie Roth , Chief Economist at Wolfe Research, about the potential economic implications of geopolitical tensions involving Iran. Their conversation explores how higher energy prices could affect U.S. growth and inflation, as well as the Federal Re...

How are markets responding to geopolitical shocks and where are the risks and opportunities now? In this episode of Upside Capture, host David Stubbs speaks with Dan Ivascyn, Group CIO of PIMCO , about how investors are interpreting the market impact of the Iran-related energy shock alongside longer-term forces such as AI, private credit, and housing. Dan shares his perspective that markets have r...

Are U.S. equities overvalued, or are opportunities hiding in plain sight? In this episode of Upside Capture, host David Stubbs speaks with Tom Cole , co-founder of Distillate Capital , about how investors are assessing today’s market valuations. Tom shares his perspective on why free cash flow has gained attention as a measure of value, particularly as the economy has become increasingly shaped by...

Upside Capture is on a mission to make institutional investment strategy accessible to everyone — not theories, not predictions. Just structure. Markets generate endless commentary. We cut through it. Because economies evolve and cycles repeat across decades. Capital moves in patterns that reward patience and discipline. Each episode features perspectives from people who work inside capital market...