Podcasts about alternative investments

Aaron invites Rich Balot to share his remarkable entrepreneurial journey—from starting a DJ business as a teenager with a $3,000 title loan to building a nationwide wireless retail empire, navigating a $13 million loss, rebuilding through mentorship and leadership, and eventually buying his company back for more than $1 billion. The conversation goes beyond business success, exploring resilience, calculated risk, leadership, philanthropy, and the importance of creating a meaningful legacy. Rich shares the five critical responsibilities of a CEO, explains why entrepreneurs must push through setbacks, and reveals how mentors and peer networks transformed his approach to business. His story offers powerful lessons for entrepreneurs at every stage of growth, especially those facing their first major roadblock. Most importantly, Rich makes it clear that success isn't ultimately measured by awards or wealth, but by the people you help, the value you create, and the legacy you leave behind. Key Takeaways:• How a $3,000 loan from his father became the starting point for Rich Balot's entrepreneurial journey.• How Rich transitioned from running a DJ business to launching ABC Phones and building a nationwide wireless retail operation.• What losing $13 million taught him about resilience, leadership, debt, and the importance of learning from failure.• The five essential responsibilities of a CEO—including building the right team, managing key relationships, setting the mission and vision, continuing education, and understanding cash flow.• How acquisitions and strategic growth helped Rich expand the company from dozens of stores into a national operation.Key Timestamps:(00:00) – Growing Up And Discovering An Entrepreneurial Mindset(06:30) – Building A Successful DJ Business As A Teenager(10:00) – Launching ABC Phones With Just $3,000(13:30) – From Beepers To A Nationwide Wireless Empire(17:00) – Losing $13 Million And Facing Business Collapse(20:30) – Finding Mentors And Transforming Leadership(24:00) – The Five Essential Responsibilities Of A CEO(27:30) – Scaling From 32 Stores To Over 100 Locations(31:00) – Selling The Business And Entering Private Equity(38:00) – Buying Back The Company For Over $1 Billion(43:00) – Defining Success Through Family And Legacy Key Topics Discussed:Commercial Real Estate Podcast, Private Equity Podcast, Franchising Podcast, Commercial Real Estate Investing, Real Estate Private Equity, Franchise Ownership, Real Estate Syndication, Capital Raising for Real Estate, Private Equity Fund Structure, Commercial Real Estate Development, Multifamily Investing, Alternative Investments, Breaking Into Commercial Real Estate, Private Equity Career Path, Franchise Growth Strategy, Investment Firm Leadership, Wealth Building Through Real Estate, Real Estate Asset Management, Institutional Real Estate Investing, CEO Interview Podcast, Limitless, Aaron ZuckerMentions:Rich's LinkedIn: https://www.linkedin.com/in/richbalot/?isSelfProfile=false Web: https://www.victra.com/ More of Limitless:Web: zuckerinvestmentgroup.comLinkedIn: https://www.linkedin.com/in/aaron-zucker-zig/IG: @zuckerinvestmentgroupX: @ZIG_CRE

What happens when you reach a certain level of success and realize the financial strategies you've been using may no longer fit where you are today?In this episode of Capability Amplifier, I sit down with Dana Cornell, founder of Cornell Capital Holdings, for a fascinating conversation about how successful business owners can think differently about taxes, investing, income, risk, and protecting what they've built.Dana has seen both sides of the financial world.He managed more than $1.4 billion at Morgan Stanley, served hundreds of clients, and eventually gained access to the advanced planning strategies being used with families at a very different level of wealth.What he saw changed the direction of his career.Dana realized there was an enormous difference between traditional wealth management and the coordinated approach available to ultra-wealthy families. Eventually, that gap became big enough that he decided to leave and build something different.Dana and I dug into what he learned behind the scenes, the mistakes successful founders often make with their own money, and why your financial strategy needs to evolve as your business and wealth become more complex.In this episode, Dana and I break down:Why Dana walked away from a $1.4 billion practice at Morgan Stanley?The 1% advisory fee that may actually be costing you closer to 20%Why do the ultra-wealthy keep most of their liquid capital out of stocks and bonds?What founders should understand about private and pre-IPO investing?Why the tax planning on a business or real estate sale has to happen before you sell?The risk most wealthy families overlook, and it isn't the marketEveryone has a CPA, an attorney, and an advisor. Almost nobody has a quarterbackOne of my biggest takeaways from this conversation is that financial complexity requires coordination.You can have a great CPA, a great attorney, and a great financial advisor. But if nobody is looking at the entire picture and taking responsibility for how all those pieces work together, opportunities can easily get missed.For successful founders and business owners, this is an important conversation about making sure the wealth you've worked so hard to create is being managed with the same level of intention you bring to your businessTake Dana's free financial diagnostic quiz (10 questions or less — get your wealth score and freedom score): https://cchquiz.comWant Dana's tax calculator? Email info@cornellcapitalholdings.com and he'll send it to you personally. Take the report to your CPA.DISCLAIMER: This episode is for educational and informational purposes only and is not financial, tax, investment, or legal advice. Dana Cornell is affiliated with Cornell Capital Holdings LLC. Nothing here is an offer or solicitation to buy or sell any security. Certain investments discussed may only be available to accredited investors. Consult your own CPA, attorney, and financial advisor before making any decisions.TIME STAMPS[00:00:00] Why Dana Cornell Left Traditional Wealth Management[00:03:42] Building a Career From Door-to-Door Prospecting[00:06:46] The Moment That Changed Dana's Career[00:09:31] How the Ultra-Wealthy Approach Financial Planning[00:12:04] Three Strategies That Move the Needle[00:14:10] Preserve, Produce, Protect, and Pass[00:17:21] Understanding the Real Cost of Advisory Fees[00:20:31] Alternative Investments and the Family-Office Model[00:25:08] Private and Pre-IPO Investing[00:29:47] Planning Around Business and Real Estate Sales[00:32:21] Building a Coordinated Team of Advisors[00:35:47] The Financial Diagnostic and Next Steps PS – When you're ready, here's how I can help: Want to find the hidden revenue in your business? Grab a Cup of Coffee with me: AiAccelerator.com/1kReady to reinvent yourself, your business, and your brand, and create “Your Next Act”? Watch this.Discover More

Welcome back to the Alt Goes Mainstream podcast.We were live from AGM's RIA Field Trip at Franklin Templeton's New York office in Madison Square Park with Franklin Templeton's Head of Private Markets - Americas Wealth Management Dave Donahoo to discuss the nuances of serving the wealth channel.Dave brings the perspective of someone who has seen the wealth channel handle multiple market cycles and an understanding of both traditional and alternative asset management, while always keeping the outcome for the end investor in mind.Dave started his career in the depths of the 2008 financial crisis at T. Rowe Price, where he worked with individual investors. He rose up the ranks of T. Rowe Price and then joined Blackstone as a Principal in the firm's Private Wealth Solutions business before moving to Franklin Templeton as Head of Private Markets - Americas Wealth Management.Unpacking nuances in private markets, Dave discussed why he believes a “family of specialists” with a “narrow scope” is critical for a private markets investment platform and how a traditional asset manager can approach building brand in private markets. We had a fascinating discussion, covering:How Dave's background starting his career working with individual investors has informed how he approaches creating solutions for the wealth channel.Why LPs want to do more with fewer partners and what this means for GPs.Specialists vs. generalists.Why RIAs have “cold call fatigue.”What RIAs want from a product perspective and why differentiation, trust, and proactive client service are top of the list.How asset managers can approach brand-building.The product innovation roadmap and what the path to 401(k) and DC products might look like.Thanks, Dave, for sharing a fascinating window into the wealth channel and for your passion, expertise, and dedication to providing private markets solutions to the wealth channel.Show Notes00:04 Live from Franklin Templeton RIA Field Trip00:07 Meet Dave Donahoo02:31 Lehman Day One Story03:15 Thrown Into the Phone Queues03:37 Teacher Call and Investor Fear04:53 Start With the End Client05:26 From T Rowe to Blackstone05:53 Blackstone Wealth Playbook07:18 Why Franklin Was the Fit08:09 Traditional Manager Advantages09:09 Platform Synergies in Wealth10:16 Challenges of Going Private10:36 Brand Transformation Story11:44 Internal Alignment and Change12:16 What the Brand Should Signal12:50 Specialist Managers Philosophy13:44 Building Perpetuals the Right Way14:13 Defining the Right Structure15:44 Evergreen Structure Depends16:09 Secondaries Structure Choice18:10 Infrastructure Partnership Model20:02 Preserving Investment Cultures21:50 Data and AI Cross Collaboration24:17 Macro Insights Across Platforms25:47 Product Innovation Roadmap27:06 Private Markets in 401k Plans27:53 What Model Portfolios Mean29:06 What RIAs Want Most30:21 Client Service and HonestyA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Editing and post-production work for this episode was provided by The Podcast Consultant.

Wall Street can promise dazzling returns, but private equity's fees, illiquidity, and tax drag may leave investors with far less than the headline number. Don and Tom unpack research showing how ordinary index funds and municipal bonds can deliver comparable after-tax results with much less risk.Then a startling poll claims many Americans believe stocks only help the richest—and that gambling may beat investing. The hosts push back with the math, then tackle when taxable brokerage accounts belong after retirement savings.They close with practical answers on international bonds, paying college costs from a 529, and the surprisingly complicated quest for a signed copy of Don's novel.03:47 — Private equity promises vs. after-tax reality10:38 — Do stocks only benefit the top 1%?13:03 — Gambling or investing: which odds win?16:36 — Retirement accounts before taxable brokerage19:47 — Do you need international bonds?21:08 — The cleanest way to use 529 money22:32 — A signed copy of The Line Uncrossed?Questions? Comments? Click!

We sat down with Richard Lavina, Co-Founder and CEO at Taxfyle, to learn how his firm provides RIAs with the infrastructure to incorporate tax preparation services into their business. Richard discusses how offering tax services can help advisors scale, retain clients, and differentiate their practices.

Welcome back to the Alt Goes Mainstream podcast.Today's podcast takes us to the heart of London, where we sat down with Maggie Fanari, the CEO of J Rothschild Capital Management Limited, manager of RIT Capital Partners plc. RIT blends a rich heritage with a modern approach to both asset allocation and private markets. Lord Jacob Rothschild founded Rothschild Investment Trust in 1971. RIT listed on the London Stock Exchange with total assets of £280M. Today, the firm stands tall as one of the UK's largest investment trusts with over £4.7B of total assets.The firm's permanent capital and family office heritage have enabled the firm to think long-term, according to Maggie. “Permanent capital is a privilege,” she said.Maggie has brought an institutional allocator's background to RIT. She joined as CEO of RIT from Ontario Teachers' Pension Plan in 2024, where she was Senior Managing Director, Global Group Head of High Conviction Equities at OTPP, which has a global mandate to invest in public and private companies.Maggie and I had a fascinating discussion about how the firm invests across public and private markets, balancing both top-down portfolio construction and bottom-up asset selection. We covered:How RIT has aimed to compound wealth over time.Why top-down portfolio construction and bottom-up asset allocation are equally important.How can investors capture as much growth, limit market volatility, and compound growth over a long period of time?How RIT finds unique and different managers in private markets, which includes some of the top investors in the world.What market structure changes mean for investing across public and private markets?How to invest when the world order has changed.Taking a family office mindset and applying that investment mindset for investors in RIT.Why permanent capital is a privilege.How to be early to a theme rather than chase the trend.Why RIT decided to invest in SpaceX, Anthropic, OpenAI, Databricks, and Epic Systems.Where do investors bucket RIT into their asset allocation?What is a manager's edge and how can they apply that edge with consistency?Why depth of network matters for private markets managers.Why RIT invested in firms like Thrive, Greenoaks, and Ribbit.BioMaggie Fanari is the CEO of J. Rothschild Capital Management Limited (JRCM) , investment manager for RIT Capital Partners plc. She is Chair of JRCM's Investment Committee.Maggie was previously Senior Managing Director, Global Group Head of High Conviction Equities at Ontario Teachers' Pension Plan, which has a global mandate to invest in public and private companies.At Ontario Teachers', she served as a member of many of the pension plan's investment committees. She was involved in the execution of investments across a variety of asset classes (private and public), including supporting the development and execution of the venture and growth business.Before joining Ontario Teachers', Maggie worked at KPMG and Scotia Capital. Maggie is a chartered accountant and a CFA charter holder. She also holds a BBA from the Schulich School of Business at York University and ICD.D certification from the Institute of Corporate Directors.Maggie served as a non-executive director on the Board of RIT Capital Partners plc from April 2019 to February 2024.Thanks, Maggie, for sharing your wisdom, expertise, and passion across public and private markets and your thoughtful perspectives from your experiences as an institutional investor.This podcast was recorded on 15 June 2026, and therefore all RIT data is provided as at 31/05/2026. Show Notes00:42 Meet Maggie Fanari03:44 Teachers' Pension Roots04:51 Top Down Meets Bottom Up05:50 Allocating In New Paradigm06:15 Diversification Returns07:02 Volatility Creates Opportunity07:22 What Makes RIT Unique08:08 Compounding With Downside09:41 Brand Opens Doors10:05 Backing Emerging Managers11:57 Co-Invest Importance12:36 Returns And Realizations13:22 Great Co-Investor Playbook15:02 Building AI Theme Exposure16:06 Sourcing Deals Like SpaceX16:37 Public Private Value Split20:09 Public Themes And Sovereignty20:58 Moats And Terminal Value24:06 Permanent Capital Edge25:07 Oversubscribed Fund Access26:46 Underwriting And Discipline27:17 Why AI Needs Capital27:49 Anthropic Growth Math28:15 Databricks Scale Comparison28:41 Can Funds Get Bigger30:22 FOMO And Chasing30:47 Portfolio Allocation Guardrails31:47 Permanent Capital Advantage32:13 Right Sized Private Exposure32:51 Liquidity And Realizations33:28 Owning Winners At Scale34:11 Private To Public Hold34:41 Re Underwriting Post IPO35:38 Retail Investor Impact36:20 Public Market Liquidity Needs37:57 Why Investment Trusts Work38:56 Discounts As Margin Safety40:08 How Shareholders Allocate41:03 Sentiment Shifts In Cycles42:02 What Makes Great Managers43:14 Manager Edge Examples45:02 AI And Finding Leaders46:56 Consolidation And Differentiation47:51 Being A Great LP Partner48:50 Macro Lens As Edge49:42 Private Signals Inform Public50:48 Culture One Team One NAV51:28 Risk And Scenario Analysis52:59 Multipolar World Investing54:14 Geopolitics In Diligence55:10 Permanent Capital Best Of BothA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Editing and post-production work for this episode was provided by The Podcast Consultant.

Henrik Maaß hat sein Unternehmen Liquid Grape verkauft, mitten in der größten Krise, die der Weinmarkt seit Jahrzehnten erlebt. Rewe hat seinen Wein-Onlinehandel in Köln geschlossen, Weingenossenschaften melden Insolvenz an, und der Pro-Kopf-Konsum sinkt Jahr für Jahr. Trotzdem – oder genau deshalb – ist Liquid Grape, seine Plattform für Investments in Fine Wine, nun Teil von Mövenpick Wein. Christoph Fröhlich spricht mit ihm über die Hintergründe des Deals und über die eine Frage, die jedes Wein-Investment entscheidet: Wenn heute Flaschen für zehn oder fünfzehn Jahre eingelagert werden – wer trinkt die dann eigentlich? Es geht um die Schere zwischen Massenmarkt und High End, um Bordeaux, das Maaß in einer "Sinnkrise" sieht, um China und die Frage, wo der deutsche Riesling international steht. Warum Sterne-Restaurants zu Kunden eines Wein-Investment-Anbieters werden. Warum entalkoholisierter Wein für ihn das Produkt zerstört. Und welche Flasche ihn zuletzt so überrascht hat, dass sie ihn noch heute beschäftigt. Eine Folge über Rarität, Rendite und die Frage, wann aus gesunder Knappheit ein sterbender Markt wird.

In this episode we respond to emails from Thirsty Horse, Joanne, Matt and Alan.  We share our gratitude for our listeners and reflect on how a listener community can become one of the most meaningful outcomes of a long-term investing project. We also provide an update on the Top of the T-Shirt fundraising campaign for the Father McKenna Center.  Next we answer two portfolio design questions about retirement drawdown constraints and how to fit them into the framework for portfolios with higher safe withdrawal rates.And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Links:Father McKenna Center Donation Page (please mention Risk Parity Radio in the comment section with your donation):  Donate - Father McKenna CenterCharity Navigator Rating for The Father McKenna Center:  Charity Navigator - Rating for Father McKenna Center Inc.Bengen "Richer Retirement" Sample Portfolio at Portfolio Charts:  Richer Retirement Portfolio – Portfolio ChartsBill Bengen's "Richer Retirement" Content:  Bill Bengen's New Book | Charts & Tools for YouGolden Ratio Compared with Version w/o Alternative Investments:  Portfolio Backtester for ETFs and Asset Allocation | testfolioAfford Anything Risk Parity Portfolio Blueprint:  Afford Anything frank-vasquez-risk-parity-portfolio-BluePrint.pdf - Google DriveBreathless Unedited AI-Bot Summary:A week where stocks jump 3% to 5% and gold pops more than 7% can feel like the market is daring you to change your plan. We don't take the bait. We walk through what actually happened across major asset classes, why we still refuse to time markets, and how a diversified risk parity approach is designed to keep you steady when headlines and price moves get loud.We also start with something more important than portfolio math: the notes we received after my mom passed away, and what it means to build an audience that shows up for each other. From there, we share a progress update on our Father McKenna Center “top of the t-shirt” campaign, including matching funds, a Charity Navigator 100% rating, and a practical tip for tax-smart giving: donating appreciated shares can reduce capital gains while supporting a mission you care about.Then we get into two listener questions that hit the real world. First: if you're in the retirement drawdown phase and you can only use stock and bond ETFs or index funds, what would we actually hold and why? We talk safe withdrawal rate research, the role alternatives play, and what you might use as imperfect substitutes (value tilt, REITs, utilities, even gold miners) when gold and managed futures aren't on the table. Second: what if you're investing from New Zealand with limited fund access and a tax drag on US ETFs? We lay out a decision process for finding value-tilted funds locally, evaluating managed futures costs, and avoiding expensive “solutions” that quietly erase the benefit you're chasing.Support the show

Steve Kuppenheimer, Head of Private Investments, explains how experienced lenders price risk, evaluate borrowers, and prioritize downside protection in today's private credit market.

Welcome back to the Alt Goes Mainstream podcast.We sat down with Mike Trihy, Head of Portfolio Management for the Venture Growth Evergreen strategy at Wellington Management.We were live from Berlin, which becomes the “capital of private capital” in June as private equity industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.Wellington Management has a rich heritage as an independently owned asset manager. The firm, which has taken a research-driven approach and long-term thinking to active management in public markets and, increasingly, in private markets, is nearing its 100-year anniversary. Wellington has grown to over $1.3T in AUM and is the largest sub-advisor in the world.Mike joined from Bow River Capital to run Wellington's Venture Growth Evergreen strategy, which will focus on direct growth and venture investments, secondaries, and select fund investments. Mike brings deep expertise in the evergreen fund management space, co-founding and scaling Bow River's evergreen private markets platform and working as a portfolio manager at evergreen pioneer Partners Group.Mike and I had a fascinating discussion about the current state of evergreen funds and the venture and growth investing market. We covered:The evolution of evergreen private markets funds.The convergence of public and private investing.Lessons learned from building and managing evergreen funds at Partners Group and Bow River.The importance of portfolio construction, liquidity planning, and evergreen fund operations.Which firms are well-positioned to run and manage evergreen funds?Partnerships in asset management.How the market may shake out and why structure must match the asset, the client, and the liquidity terms. LP composition, evergreens vs. drawdowns across wealth and institutions, and the role of partnerships. What the potential wave of mega IPOs could mean for DPI, exits, and private market fundraising.BioAs lead portfolio manager for the Venture Growth Evergreen (“VGE”) strategy, Mike is responsible for overall portfolio construction and allocation of capital across direct growth and venture investments, secondaries, and select fund investments. He also oversees risk management, liquidity management, and cash flow forecasting for the evergreen fund.Prior to joining Wellington Management in 2025 Mike was a portfolio manager at Bow River Capital, where he co-founded and scaled their evergreen private markets platform while overseeing the fund's investment activity across multiple private markets asset classes. Prior to Bow River, he was a portfolio manager at Partners Group where he was responsible for portfolio construction and asset allocation for evergreen products and custom separate account mandates. He started his investment career at wealth-focused listed private equity firm Red Rocks Capital.Mike graduated from the University of Colorado with a degree in finance, and he is a CFA and CAIA charterholder.Thanks, Mike, for sharing your wisdom, expertise, and perspectives on private markets and evergreen funds.Show Notes00:00 Live from SuperReturn Berlin00:12 Meet Mike Trihy02:06 Defining the Perfect Evergreen02:27 Evergreen vs Drawdown DNA02:42 Deal Flow Isn't Everything03:01 Portfolio Construction Focus03:20 Cashflow Planning Mindset03:33 Operations and Valuations03:47 Sales and Flow Forecasting04:03 Regulation and Complexity04:11 Fiduciary Growth Discipline04:46 Do Firms Have the Toolkit05:20 Scale vs Boutique Nuances05:42 When Bottom Up Fails06:18 The Deal Flow Constraint06:44 Should There Be More07:00 Shakeout and Quality Wins08:07 No One Best Wrapper08:28 Matching Assets and Clients09:43 LP Mix and Herding Risk11:34 Evergreens Future in Wealth13:21 Public Markets DNA Advantage14:56 Partnerships and Mega IPOs17:07 Private Markets Stay Private18:52 DPI and Exit Wave Impact20:17 Public vs Private Valuations22:21 What Happens Faster Slower24:08 Closing

Welcome back to the Alt Goes Mainstream podcast.We sat down with Anthony Maniscalco, the Managing Partner and Business Head of Investcorp Strategic Capital Group (ISCG).We were live from Berlin, which becomes the “capital of private capital” in June as private equity industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.Investcorp has been a pioneer in private equity. Since its founding in 1982, the firm has grown from a “boutique Gulf firm” into a global and diversified alternative asset manager. Investcorp launched its Strategic Capital Group (SCG) (GP stakes) business long after its founding in 1982. But the firm brought in a pioneer to launch and build SCG into a leading GP stakes firm, which now has over $2.2B of AUM. Anthony has been involved in GP stakes from the industry's early days. He was a founding member of Blackstone Strategic Capital Holdings, a $3.3B private, permanent capital vehicle focused on acquiring minority interests in alternative asset manager GPs. He was also a Managing Director of the Hedge Fund Solutions business at The Blackstone Group. Prior to joining Investcorp, Anthony was a Managing Director and Co-Head of Credit Suisse Anteil Capital Partners. Launched in 2019, Investcorp's SCG acquires minority interests in alternative asset managers, particularly GPs that manage longer-duration private capital strategies. SCG has completed 12 investments since inception.Anthony and I had a fascinating conversation about the evolution of GP stakes and the benefits of GP stakes for investors. We covered:Why have stakes shifted from hedge funds to alternative asset managers?Why the features of the alternative asset management business model (contracted management fees, locked-up capital, less key-person risk) can make for a good GP stake investment.Why a GP would sell an equity stake in its firm to finance its growth.Unpacking the middle-market GP landscape and where middle-market GPs need help growing their firm.The evolution from fund to firm and what's next for GP stakes.BioAnthony Maniscalco is the Managing Partner and Business Head of Investcorp Strategic Capital Group (ISCG), based in New York. ISCG is focused on providing capital solutions to the GPs of mid-sized private market alternative asset managers. ISCG closed its inaugural fund in the Spring of 2022 and currently manages over $2.2 billion of AUM. In his current role, Mr. Maniscalco is focused on managing the overall business, sourcing new investment opportunities, advising portfolio GPs and is the chairperson of the Investment Committee.Prior to his current role, Mr. Maniscalco was a Managing Director and Co-Head of Credit Suisse Anteil Capital Partners. Prior to this, he was Managing Director of the Hedge Fund Solutions business at The Blackstone Group. At Blackstone, he was a founding member and on the investment committee of Blackstone Strategic Capital Holdings, a USD 3.3 billion private, permanent capital vehicle focused on acquiring minority interests in alternative asset manager GPs.Prior to Blackstone, Mr. Maniscalco was Head of Alternative Asset Management Banking at Barclays (and its predecessor Lehman Brothers) within its Financial Institutions Group. Prior to this role, Mr. Maniscalco was head of the Media and Telecom vertical within Lehman Brothers' Leveraged Finance Group.Early in his career, he worked at Bank of America and its predecessor Continental Bank in Chicago, focused on high-yield, mezzanine, syndicated bank loans, and interim financing products.Anthony holds a B.S. from Indiana University (2026 College Football National Champions!) and an M.B.A. from the University of Chicago.Thanks, Anthony, for sharing your expertise, wisdom, and passion about GP stakes and the business of alternative asset management.Show Notes00:00 Live From Berlin00:15 Meet Anthony Maniscalco02:56 Early Staking Was Hedge Funds03:05 Banks And Prime Brokerage03:40 Private Equity Hits A Wall03:53 Shift To Private Equity Stakes04:30 Why Stakes Are Attractive04:54 Locked In Fee Streams05:31 Carry And Diversification06:06 How LPs Classify Stakes06:59 Three Allocation Buckets07:55 Strategic Access Flywheel09:05 Tougher Fundraising Today09:19 Why Middle Market09:05 Fundraising Help For GPs10:55 Underwriting Growth Readiness12:15 Primary Capital Use Of Proceeds12:49 Why Equity Is Worth It14:46 Talent Retention And Next Gen15:46 Wealth Channel Fit18:23 Portfolio Construction Framework19:36 Why Venture Is Harder23:23 From Fund To Firm24:34 Liquidity And Exit Paths27:35 Prefs, Debt, And New Solutions38:41 Continuation Vehicles Flywheel41:02 Closing Thoughts

Welcome back to the Alt Goes Mainstream podcast.We sat down with Jake Elmhirst, Partner, Head of Private Wealth Secondaries Solutions and Head of Capital Formation at Coller Capital.We were live from Berlin, which becomes the “capital of private capital” in June as private equity industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.Coller Capital has been a pioneer in the rapidly growing secondaries market. Coller's tagline? “First in secondaries.” Coller might be “first in secondaries.” The industry they focus on has moved to the forefront of private markets. Secondaries are coming in first for many LPs, in part because secondaries are now an active portfolio management solution for LPs (LP-led secondaries) and a way for LPs and GPs to continue to invest in the growth and value appreciation of some of their funds' best assets (GP-led secondaries). The firm completed its first secondaries transaction in 1990 and its first GP-led investment in 1996. Today, Coller has $55B in AUM (as of 3/31/26). Jake joined Coller after a long career at UBS, where he partnered with Coller from a few different vantage points co-founding and co-leading the Private Funds Group within UBS Investment Bank and leading the Private Markets effort within UBS Global Wealth Management. His perspective on Coller was very much a reason why he decided to leave his farm in Yorkshire (as a 23rd generation farmer!) to join Coller as they build out their wealth efforts.Jake and I had a fascinating conversation about the evolution of secondaries and how they are increasingly “solutions” for LPs and GPs. We covered:Jake's experience witnessing the rise of the early days of private markets and how that's shaped how he thinks about secondaries today.Why secondaries are becoming “solutions” for LPs and GPs.Why secondaries can be a core portfolio holding.The features of secondaries. The drivers of the increase in LP-led sales.Why have GP-led continuation vehicles become a popular solution?Why secondaries make sense for private wealth investors.BioJake is a Partner and Head of Private Wealth Secondaries Solutions and Head of Capital Formation. He is based in the firm's London office.Prior to joining Coller Capital in April 2022, Jake spent 25 years at UBS where he led the Private Markets effort within UBS Global Wealth Management, based in London. Prior to that, Jake co-founded and co-led the Private Funds Group within UBS Investment Bank, based in New York.He previously worked at Freshfields in London, where he qualified as a solicitor working in the Tax Team with a focus on collective investment schemes.Jake has a degree in Law (LLB) from the University of Bristol.Jake Elmhirst is a registered representative of Parallel Distributors LLC.Thanks, Jake, for sharing your wisdom, expertise, and passion in private markets, private wealth, and secondaries. Show Notes 00:00 Live in Berlin Intro00:39 Jake Elmhirst's Career Journey02:08 Wealth Channel Lessons05:06 Farming Roots Detour07:34 Secondaries Liquidity Fix09:26 Continuation Vehicles Impact11:21 Wealth Channel and Scale13:21 Why Secondaries Work15:15 Core Holding for Wealth16:31 Discount Versus Quality18:43 Underwriting in CV Era20:56 Evergreen Portfolio Mix21:56 Future of Solutions23:02 Toolbox Expansion Ideas24:55 Why Scale Matters25:53 Discount Nuance Explained27:30 Active Portfolio Management28:45 Closing Thoughts

Avadain CEO Brad Larschan joins Chris Lustrino to discuss the company's effort to commercialize one of the most promising materials in advanced manufacturing: graphene. Brad explains what makes graphene so powerful, why it has been difficult to manufacture at scale, and how Avadain is working to create a technical pathway for large, thin, defect-free graphene production. The conversation explores the potential applications of graphene across aerospace, drones, critical minerals, building materials, energy storage, and other industrial use cases. Brad also outlines Avadain's capital-light strategy of licensing its production technology to established chemical and advanced materials companies rather than manufacturing graphene itself. Chris and Brad discuss the company's pilot plant, commercialization risks, recently completed $5 million crowdfunding raise, and long-term vision for building recurring royalty revenue from graphene production.

Welcome back to the Alt Goes Mainstream podcast.We sat down with Kyle Kniffen, Managing Director, Global Head of Alternatives, Third Party Wealth at Goldman Sachs. We were live from Berlin, which becomes the “capital of private capital” in June as private equity industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.A little over two years ago, I wrote on AGM about how, at $456B in AUM in alternatives, Goldman Sachs was a “sleeping giant” in private markets. In reality, Goldman is anything but a sleeping giant in private markets, having started its private equity business in 1984 and earning the distinction of being a top-5 alternatives manager by AUM across both traditional and alternative asset managers.Today, Goldman has grown its alternatives business to over $625B in AUM.The firm has expanded its platform with the acquisition of Industry Ventures and a partnership with T. Rowe Price to deliver public and private markets solutions to the wealth channel, and, most recently, the creation of its Alternative Investment Platform to provide HNW clients with direct access to private companies.The evolution of Goldman's Alternatives business reflects a thoughtful, measured approach to understanding the needs of wealth channel investors and finding the utility and purpose of strategy, product, and product structure.That was much of the focus of the conversation Kyle and I had in Berlin. We discussed the objective and utility of private markets in a portfolio. We covered:The growth of evergreen funds.Why evergreens are the product structure of choice.Why are evergreens also appealing to institutional allocators, insurance companies, and UHNW investors?How GPs and LPs are approaching LP composition to evergreen vehicles.The next wave of product innovation.The build, buy, partner framework Why Goldman is so excited about the GeoWealth partnership and what the future of model portfolios look like.What is not known but should be known about the Goldman Alternatives franchise.BioKyle Kniffen is a managing director in the Client Solutions Group within Goldman Sachs Asset Management. He serves as global head of Alternatives for Third Party Wealth (TPW), overseeing client strategy for the firm's TPW clients globally, delivering the power of the Alternatives investing platform to a broad set of individual investors through our partnerships with financial intermediary clients and their advisors, including Private Banks, Broker-Dealers, RIAs and other distribution platforms. Kyle partners closely with leadership across our Alternatives franchise to develop products that meet our clients' evolving needs. He is also co-chair of the AWM Global Distribution Working Group.Prior to this role, Kyle was in Alternative Capital Markets (ACM), serving as head of ACM for Goldman Sachs Ayco and leading coverage for One Goldman Sachs financial sponsors globally. He joined Goldman Sachs in 2018 as a vice president in ACM and was named managing director in 2021.Prior to joining Goldman Sachs, Kyle led a variety of distribution and product management teams for Bank of America's Alternative Investment Group within their Global Wealth and Investment Management division.Kyle is a board member for the Institute of Portfolio Alternatives (IPA), and a member of The Economic Club of New York. Kyle earned a BA from Gettysburg College.Thanks, Kyle, for sharing your wisdom, expertise, and passion about private markets and serving the wealth channel.Show Notes00:00 AGM Live from SuperReturn Berlin00:22 Meet Kyle Kniffin01:10 Wealth Meets Private Markets01:37 Big Pools Little Allocation02:24 Alt Strategies Explosion03:04 Lessons from Hedge Funds03:34 Start with Client Goals03:53 Risk Liquidity Tradeoffs04:10 Portfolio Utility First04:25 Holistic Private Markets04:44 Fit and Terms Matter05:07 Setting Expectations05:32 Product Innovation Shift05:52 Evergreens and Flexibility06:10 Monthly Access and Tactics06:39 Evergreen Growth Rates06:45 Education and Dispersion07:15 Why Evergreens Exist07:41 Diversification Lower Minimums08:04 Operational Simplicity08:21 Evergreen Nuance Phase One08:47 Goldman in Third Party Wealth09:26 Institutions Buying Evergreens10:31 LP Mix and Liquidity Caps11:36 Institutionalizing Wealth Platforms13:29 Goldman Platform Advantage14:46 Feeding the Evergreen Engine15:13 GeoWealth and Model Portfolios15:45 T Rowe Price Collaboration16:12 Build vs Buy Partner Balance16:42 Industry Ventures Acquisition17:33 Goldman Alts Heritage18:35 Pioneering GP Stakes19:45 Secondaries Since 199820:12 Apex of Private Markets21:08 Will Secondaries Be Core21:48 Max Flexibility for Wealth22:42 Customization vs Scale23:16 Flagships Then Bespoke23:49 Lessons from Private Wealth25:10 Broader Menu of Privates25:34 Closing Thoughts 

Aaron invites Chase Emerson to share the unconventional journey that took him from mowing lawns and selling vegetables as a kid to leading franchise development for some of the nation's most recognized brands. He reveals how entrepreneurship, mentorship, servant leadership, and relentless curiosity shaped his success across accounting, renewable energy, automotive franchising, and early childhood education. Chase also breaks down the systems, strategies, and mindset behind scaling franchise growth while putting franchise owners first. Whether you're an entrepreneur, franchise executive, investor, business leader, or someone looking to accelerate your career, this conversation is packed with practical insights on leadership, growth, and building businesses that create lasting impact.Key Takeaways:• Why building systems—not chasing short-term wins—is what creates lasting business growth.• How servant leadership builds stronger teams, better cultures, and organizations that continue succeeding even after leaders move on.• The leadership habits every entrepreneur, executive, and franchise owner can apply to build businesses that scale for the long term.Key Timestamps:(00:00) – Learning Entrepreneurship Through Childhood Businesses(03:05) – Athlete Mindset And Building Competitive Discipline(06:15) – Leaving Comfort Behind To Pursue Bigger Opportunities(07:45) – Discovering Franchise Development By Saying Yes(09:20) – The Power Of Mentorship And Career-Defining Decisions(11:40) – Rebuilding A Struggling Franchise System From Scratch(15:05) – Scaling Midas With Record Franchise Growth(17:30) – Why Chase Left Success For Primrose Schools(19:10) – Accelerating Franchise Expansion Without Sacrificing Quality(23:00) – How Great Schools Transform Communities And Development(27:35) – Best Leadership Books And Career Advice For Entrepreneurs(28:45) – Building A Legacy Through Servant Leadership And Culture(30:00) – Creating Systems That Continue Winning Without YouKey Topics Discussed:Commercial Real Estate Podcast, Private Equity Podcast, Franchising Podcast, Commercial Real Estate Investing, Real Estate Private Equity, Franchise Ownership, Real Estate Syndication, Capital Raising for Real Estate, Private Equity Fund Structure, Commercial Real Estate Development, Multifamily Investing, Alternative Investments, Breaking Into Commercial Real Estate, Private Equity Career Path, Franchise Growth Strategy, Investment Firm Leadership, Wealth Building Through Real Estate, Real Estate Asset Management, Institutional Real Estate Investing, CEO Interview Podcast, Limitless, Aaron ZuckerMentions:LinkedIn: https://www.linkedin.com/in/chaseemerson/More of Limitless:Web: zuckerinvestmentgroup.comLinkedIn: https://www.linkedin.com/in/aaron-zucker-zig/IG: @zuckerinvestmentgroupX: @ZIG_CRE

Welcome back to the Alt Goes Mainstream podcast.We sat down with Paul Desmarais III, the Co-Founder, Chairman, and CEO of Sagard, the fast-growing $46B global multi-strategy alternative asset manager.We were live from Berlin, which becomes the “capital of private capital” in June as private equity industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.Sagard combines a rich history and heritage of building asset management businesses with a modern approach to building a global alternative asset manager.Paul's deep understanding of the industry comes from being part of a family of multiple generations of asset management pioneers in Canada who have built some of the industry's largest financial services businesses. Paul is the “next first generation” of asset management pioneers to come out of the Desmarais family. He started Sagard with $400M in seed capital in 2016 and, in ten short years, has grown the platform into a global multi-strategy alternative asset manager with over $46B. Sagard's mission to empower founders by being a business that builds businesses shines through in the approach Paul and the team have taken in building Sagard. The firm has incubated, built, and acquired asset management talent and firms to scale across strategy and geography into the global platform that it is today.Paul and I had a fascinating conversation about the business of asset management and why Sagard exists to serve entrepreneurs around the world. We covered:Sagard's entrepreneurial DNA.What does it mean to build a business that builds businesses?Being the “next first generation.”How Sagard approaches the buy, build, partner framework of asset management businesses.How Sagard has expanded its platform across asset classes and strategies.How to build a global, multi-strategy asset management brand.Why specialization matters in asset management.How to approach the wealth channel.The decentralized pod shop model.The future of private markets.BioPaul Desmarais III is the Chairman and CEO of Sagard, an alternative asset management firm active in venture capital, private equity, credit, and real estate.Paul has led Sagard since 2016, along with a handful of close partners bound by a common vision: partnering with entrepreneurs to catalyze transformation in our investments and communities. Sagard has experienced outstanding growth, with assets under management increasing to over $46B.Under Paul, Sagard has built a global network of expertise that helps companies lead, embrace, and stay ahead of disruptive trends, expanding activity in North America, Europe, and the Middle East. Paul engages actively in growing Sagard companies. Within the Sagard ecosystem, Paul is the Executive Chairman and Co-Founder of Portage (fintech & financial services investing) and the Chairman and Co-Founder of Diagram (venture builder). Within the investment portfolios, he is the Chairman of Wealthsimple, Novisto, and Sagard Wealth, and a director of Nesto and Midas. Paul also sits on the board of Empower, the number two 401(k) business in the U.S.Show Notes00:00 Live From SuperReturn00:10 Meet Paul Desmarais III01:06 Family Business Roots01:23 G1 Entrepreneur Mindset01:35 Launching Sagard 201601:51 Generational Reinvention02:02 Early Spark To Build03:40 Learning From Mistakes04:33 By Entrepreneurs For Entrepreneurs04:45 Sagard Origin Story04:58 Power Corp Alternatives Gap05:43 Starting With Credit06:10 Serving Beyond The Family06:46 Alignment With Family Capital07:19 Customer First Performance07:44 Team Money Invested07:53 Generational Time Horizon08:47 Patience Builds Partnerships09:22 Innovation In The DNA09:39 Regional To Global Champions09:53 Why Reinvention Matters10:26 Platform Strategy Mix11:02 Pillars Of The Firm11:25 Fintech Ecosystem Flywheel11:35 Building The Competitive Moat12:07 Emerging Managers Advantage12:41 Synergies At Scale13:08 Designing Collaboration13:47 Incentives And Shared Carry15:07 Values Drive Culture23:25 Legacy And Entrepreneur Impact24:39 Closing Thanks

Send us Fan MailFive family office investors and operators introduce themselves — a former Air Force pilot who built the US military's innovation arm, a second-gen family office focused on drone and security tech, a distressed real estate fund manager, a first-gen family office founder who invented a sleep supplement, and a 25-year PE managing partner. The intros lead directly into a live deal breakdown on distressed office space: a 200,000 sq ft Chicago building that traded at $25M bought for $2.5M, and a 390,000 sq ft downtown Chicago building that was a $160M deal acquired for $18.5M. The thesis: you don't need it to rebound 100%. Buying at these prices, 50% is more than enough.About Family Office ClubThe world's largest investor club in the family office space. 19 years. 300+ events. 16 million members. $1B+ in community transactions.

Welcome back to the Alt Goes Mainstream podcast.We sat down with Brookfield Private Equity CEO Anuj Ranjan. We were live from Berlin, which becomes the “capital of private capital” in June as private equity industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.Brookfield has a rich legacy as an asset owner and operator of some of the “businesses that drive the global economy.” Brookfield is a firm where skin in the game (~25% of every fund includes an investment from Brookfield's balance sheet) meets scale and synergies across its investment platform, which spans private equity, infrastructure, real estate, credit, and energy.Now, they are looking to own what's next.What will the next era of private equity require? A different approach, according to Brookfield Private Equity CEO Anuj Ranjan. The conversation that Anuj and I had in the Tiny Space cabin covered big themes.Brookfield is investing in the megatrends that are driving the world's economy across its platform, from digitalization to decarbonization to deglobalization. The firm's focus on industrials in its private equity business makes it well equipped to invest in essential companies, as Brookfield aptly describes their investment focus as “own[ing] the boring that makes exciting possible.”Anuj and I had a fascinating conversation about the current state of private equity and what it will take to drive value in a new era for the industry where “12 is the new 5.” We covered:Brookfield's history as an owner-operator.How the firm's long-term perspective informs its investments in and ownership of private equity-backed companies.Anuj's experience investing in India was an exercise in patience.Why is today the era of “roll up your sleeves private equity?”How Brookfield is approaching value creation in industrial companies.Where Brookfield believes it can leverage AI to create post-deal operational value.Why Brookfield partnered with OpenAI to create DeployCo in order to scale enterprise AI deployment.Where are we in the adoption curve of physical AI and robotics?BioAnuj Ranjan is Chief Executive Officer of Brookfield's Private Equity Group and Brookfield Business Corporation. In this role, Mr. Ranjan is responsible for the investments, operations, and expansion of the Private Equity business, in addition to managing Brookfield's external strategic partnerships. He is a member of Brookfield's Executive Committee.Mr. Ranjan joined Brookfield in 2006 and has held various positions within the company and its affiliates. He established and previously led Brookfield's India and Middle East operations.Mr. Ranjan holds a Master of Business Administration degree from Ivey Business School at Western University and a Bachelor of Science degree from the University of Alberta.Thanks, Anuj, for sharing your wisdom, expertise, and passion about private markets and how to create value through operating companies better.Show Notes00:00 Welcome to SuperReturn00:07 Meet Anuj Ranjan00:55 From Software to Finance02:03 Building India and Mideast02:48 India Deal Frenzy03:17 Five Years of Patience03:22 Learning Before Buying03:28 First True Buyouts04:06 Profits and Team Growth04:16 Taking Model Global04:32 Growth Amid Headwinds04:58 Roll Up Sleeves Private Equity Era05:06 Operational Value Creation05:12 Brookfield Platform DNA05:33 Balance Sheet Advantage05:54 Long-Term Investing06:12 Patience Gets Rewarded07:14 Testing Tech on Balance Sheet07:32 Owning What's Next07:41 AI Needs Hard Assets07:58 Brookfield at the Center09:09 One Firm Collaboration09:51 Platform Informs Deals11:27 Westinghouse Nuclear Bet15:19 Picking the Right Carve Outs16:34 Pricing Power Example17:51 From Five to Twelve18:59 Why Carve Outs Win Now20:05 AI for Industrial Ops20:53 Data Before AI22:12 Predictive Maintenance Story23:31 Physical AI and Robotics24:52 Digitizing the Physical World25:33 Humanoid Robotics Timeline26:28 Deploying AI at Scale26:56 Execution Beats Innovation27:52 Best AI Investment Thesis28:00 Buying Boring Businesses28:52 AI Ready Leadership Team29:30 Hiring Real Tech Leaders30:00 Blockbuster vs Netflix30:43 Closing Reflections

Have you ever wondered what truly drives someone to leap from curiosity about startups into the realm of angel investing—and what mindset shifts are crucial along the way? This episode of The Angel Next Door Podcast opens with that very question, as we explore the often untold personal and financial journeys that lie behind the checks investors write, and the ambitions founders chase. Our guest, Christa Downey, brings a unique lens as both an active angel investor and a leadership coach grounded in the vibrant startup ecosystem of Ithaca, New York. Christa Downey shares her path from engaging with the Cornell entrepreneurship community to backing mission-driven companies, investing alongside platforms like Chloe Capital and The Fourth Effect, and leveraging alternative vehicles such as self-directed IRAs to build wealth with purpose. Her commitment to fostering both financial returns and meaningful impact defines her approach and investments. In this conversation, Christa Downey dives into practical strategies for diversification, the pivotal role of money mindset for both founders and investors, and the often-overlooked emotional aspects of entrepreneurship—including navigating hard money conversations, founder agreements, and the difficult transition from founder to CEO. Listeners will gain concrete insights on angel investing, alternative wealth-building tools, and how intentional financial choices shape both companies and their leaders. This episode is a must-listen for anyone interested in reimagining their relationship with money, understanding the nuts and bolts of early-stage investing, and supporting the creation of a more inclusive, impactful startup culture.   To get the latest from Christa Downey, you can follow her below! https://www.linkedin.com/in/christabdowney/   Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing! Website: www.marciadawood.com Learn more about the documentary Show Her the Money: www.showherthemoneymovie.com And don't forget to follow us wherever you are! Apple Podcasts: https://pod.link/1586445642.apple Spotify: https://pod.link/1586445642.spotify LinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/ Instagram: https://www.instagram.com/theangelnextdoorpodcast/ TikTok: https://www.tiktok.com/@marciadawood

Welcome back to the Alt Goes Mainstream podcast.We sat down with Vista Equity Partners' Senior Managing Director, Co-Head of Flagship Fund, Monti Saroya. We were live from Berlin, which becomes the “capital of private capital” in June as private equity industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.Vista Equity Partners has been a pioneer in enterprise software investing. They have been at the forefront of every major technology platform shift, whether it was on-prem to cloud, the adoption of enterprise software, and now the agentification of the enterprise with AI.The $103B AUM scaled specialist software investor has dedicated its efforts to building “mission critical” enterprise software companies that organizations can't live without.Monti has had a front-row seat in building and developing both infrastructure and software that the technology industry can't live without. He brings to bear the perspective of someone who lived through the early days of the internet from his time at Cisco Systems and Siebel Systems. Through this lens, and drawing on his experience investing in enterprise software companies since joining Vista in 2008, Monti is able to make sense of where, how, and why AI will be adopted within the enterprise, and what it means for both operators and investors.This conversation with Monti was one of the most illuminating conversations I've had on AI recently. He pieced together so much of what is happening in AI today, covering:The different layers of AI adoption.Why “harness” companies can be valuable.Where AI agents are having the most impact on a business.Why open source is the next wave of the AI buildout.The Linux lesson for AI.Why Monti is so excited about the firm's investment in SambaNova.Do “harness” companies have a moat?Why the moats for many AI companies might surprise you.Why sovereign AI is the next big thing.BioMonti Saroya joined Vista Equity Partners in 2008 and is Co-Head of the Vista Flagship Fund and sits on its Investment Committee.Additionally, Monti serves as a member of Vista's Executive Committee, the firm's governing and decision- making body for matters affecting its overall management and strategic direction, and Vista's Private Equity Management Committee, the firm's decision-making body for matters affecting Vista's overall private equity platform.Monti is also the Co-Chief Executive Officer of VistaOne, Vista's evergreen private equity vehicle, and serves on the Investment Committee. Monti helps lead Vista's artificial intelligence initiatives, driving the firm's approach to AI adoption through strategic partnerships and the deployment of AI-enabled infrastructure and capabilities across the platform and portfolio ecosystem.He currently sits on the boards of Acumatica, Allvue Systems, Avalara, Cloud Software Group, Duck Creek, Finastra, Infoblox, Playlist, Smartsheet, Solera, among others. Monti was actively involved in the firm's investments in Apptio, Cvent (NASDAQ: CVT), Datto (formerly NYSE: MSP), Marketo, PowerSchool (formerly NYSE: PWSC), SumTotal, The ACTIVENetwork, and Transfirst, among others.Prior to Vista, Monti worked as a Senior Research Analyst for JMP Securities, where he provided research for buy-side clients on public on-demand (SaaS) companies. Monti previously worked as an Associate on the enterprise software/applications team. Before JMP, Monti worked at Siebel Systems in a sales capacity for the CRM On Demand division. Prior to Siebel, Monti worked for Cisco Systems in various operations roles.Thanks, Monti, for sharing your wisdom, expertise, and passion about AI, enterprise software, and technology transformations.Show Notes00:00 Intro: Live from SuperReturn00:10 Meet Monti Saroya00:20 Why AI Matters Now00:41 Career Origins Cisco00:57 Building Internet 1.0 01:21 Infrastructure Before Apps01:25 From Compute to Giants01:38 AI as New Buildout01:56 Internet 1.0 Lessons02:17 Change Slower Then Bigger02:48 Consumer Adoption First03:08 What We Underestimate03:26 AI Like Electricity03:41 Three Layer AI Stack04:03 Cloud Providers Layer04:15 App Layer Value Capture04:26 What Is the App Layer04:41 Software Needs Humans05:25 Agents System of Action05:53 Where Agents Impact Today06:20 Engineering Productivity Gains07:29 Augment Not Replace07:51 Rearchitecting With AI08:16 Harnesses Around Intelligence09:17 Routing Cuts Compute Cost09:26 Model Choice and Governance10:55 Enterprise Goals Drive AI11:51 Workflow Context Is Key12:47 SambaNova Compute Economics14:27 Token Subsidies Ending15:39 Open Source Next Wave16:02 Linux Lesson for AI17:03 Deploying Is the Hard Part17:40 Vista Agentic Factory18:42 Avoiding Services Trap19:05 Where Value Gets Created19:32 NeoCloud Inference Centers20:21 Harness Companies and Moats21:05 Enterprise Software Reality Check21:51 CFOs Demand ROI Metrics22:44 Word Association Game23:15 Workflow Specific Future23:48 Sovereign AI Is Coming24:24 Wrap Up and Thanks

It was a pleasure to host an Alpha Exchange discussion with Franklin Parlamis, the Founder and CIO of Aequim Alternative Investments. Franklin brings a distinctive perspective shaped by two decades in capital structure and convertible bond arbitrage. His career spans the Russian debt restructuring of 1998—where he witnessed firsthand how broken correlations can unwind hedges—through the convertible market collapse of 2008, when leverage amplified systemic stress and "the machine broke." Our conversation explores how convertibles sit at the nexus of multiple asset classes: rates, rate volatility, credit, credit volatility, equities, and stock lending. When any of these inputs malfunctions, arbitrage breaks down. Franklin's experience navigating the GFC reinforced a critical lesson: sometimes the bravest move is admitting losses and right-sizing risk, a discipline that positioned his team to prosper during 2009's rebound. Franklin articulates a central insight: markets are generally good at identifying undervalued companies but less efficient at allocating value across the capital structure. The key tension he navigates is credit spreads versus equity volatility. When spreads are wide and implied vol is low, convertibles offer clean arbitrage: the rich credit premium can fund put protection at cheap vol levels. Today's environment inverts this relationship: spreads remain tight while vol sits elevated, forcing arbitrageurs to continuously realize vega rather than harvest it passively. We close by examining whether elevated implied volatilities represent a permanent regime shift or cyclical peak. Rather than making a binary call, Franklin describes the process he uses to identify asymmetric opportunities across plausible scenarios. I hope you enjoy this episode of the Alpha Exchange, my conversation with Franklin Parlamis.

Welcome back to the Alt Goes Mainstream podcast.We were live from Berlin, which becomes the “capital of private capital” in June as the private equity's industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.Much of the SuperReturn conference is centered on fundraising. GPs take up every available space — from hotel rooms to Tiny Space cabins that line the parking spots on Budapester Strasse outside of the InterContinental conference venue — to conduct meetings with LPs.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.Our first conversation was with Apax Co-CEOs Andrew Sillitoe and Mitch Truwit.Apax is one of the pioneers in the private equity industry. The firm's rich history dates back to the 1970s, when its founders, Alan Patricof (US), Sir Ronald Cohen (UK), and Maurice Tchénio (France), came together to establish the first US-UK partnership firm in private equity. During that time period, the firm backed Steve Jobs and the first iteration of Apple. The UK and US firms merged in 1981, laying the foundation for Apax.Today, Apax stands at over $80B in aggregate funds raised. The firm underwent its second leadership transition in 2014, when Andrew and Mitch were elected as Co-CEOs, succeeding Martin Halusa, who became Chairman.Apax sits in a unique position. They are a scaled platform that focuses on the middle market. They operate across three sectors, Tech, Services, and Digital / Consumer, infusing a digital DNA and value creation team into everything they do. Their platform spans “a mile wide and a mile deep,” which is what much of the conversation between Andrew, Mitch, and me unpacked.We had a fascinating discussion about the current state of private equity and the middle market, why Apax focuses on “density-driven business models,” why the firm focuses on carveouts in the middle market, what's underappreciated about the middle market, why it's important to “buy in the right neighborhood and fix it up,” and how the firm's core values of “having impact through insight and tenacity” drive every decision they make.BiosAndrew Sillitoe has been Co-CEO of Apax since 2014. He is Chairman of the Apax Global Investment Committee and the Digital Investment Committee, amongst others. He is also a member of the Apax Executive Committee. He has been based in London since joining the Firm in 1998, focusing on Tech & Telco investments.Andrew has been involved in a number of investments including Inmarsat, Intelsat, King, Orange Switzerland, TIVIT, TDC and Unilabs.Prior to joining Apax, Andrew was a consultant at LEK. Andrew holds an MA in Politics, Philosophy and Economics from the University of Oxford and an MBA from INSEAD.BoardsAndrew has previously served on the boards of Inmarsat, King, Intelsat, Orange Switzerland and TDC.Mitch Truwit is Co-CEO of Apax, based in New York.Prior to joining Apax in 2006, Mitch was the President and CEO of Orbitz Worldwide between 2005 and 2006 and was the Executive Vice President and Chief Operating Officer of priceline.com between 2001 and 2005.Mitch is a graduate of Vassar College where he received a BA in Political Science. He also holds an MBA from the Harvard Business School.BoardsMitch serves as a Board member of Openlane and Trade Me. Prior boards include Advantage Sales & Marketing, Assured Partners, Dealer.com, Bankrate, Garda World, Hub International, Trader Canada, Boats Group and Quality Distribution Inc.Mitch serves on the charitable boards of the Apax Foundation, the John McEnroe Tennis Project, Posse and StreetSquash.Thanks, Andrew and Mitch, for a fascinating conversation and for sharing your expertise, wisdom, and passion at the intersection of investing and operating in private equity.Show Notes00:00 Meet Apax co-CEOs, Andrew Sillitoe and Mitch Truwit00:26 Andrew's Origins at Apax00:47 Private Equity Then vs Now01:25 Apax Growth and Values01:45 Curiosity as a Differentiator02:04 Mitch's Operator Background02:56 Why Mitch Joined Apax03:40 Defining the Middle Market04:14 Why Sub-Billion EV Works04:59 Middle Market Talent Gap05:20 Carve Outs as a Strategy05:29 TRADER Corporation - Canada App Turnaround06:12 Scaled Platform Advantage07:14 Digital DNA and AI Wave07:50 Top Line Growth Lever08:36 Add-ons and TAM Expansion09:33 ECI Case Study Roll Up10:07 Integration Over Collection10:28 Exit Options in a Bigger PE World10:59 Building for Multiple Buyers11:45 Fund Size Discipline12:34 Choosing Returns Over AUM13:16 Understanding Firm DNA14:01 Global Micro Investing14:49 Making Global Pods Work15:50 Scale Specialization Flexibility17:08 Where to Invest Now19:23 Buying Complexity for Value20:15 Moats and Investment Committee22:13 Why Middle Market Excites Them23:19 Future of PE and AI at Scale24:50 Impact Insight Tenacity Culture25:54 Obligation to Dissent Story26:55 Aspirational Brand Analogy27:48 Wrap Up and Thanks

Influence Mobile founder and CEO Daniel Todd joins Chris Lustrino to discuss how the company built Rewarded Play into a major rewards platform for mobile gaming. Influence Mobile helps game developers acquire and retain high-value players by offering rewards to users who discover, play, and spend inside mobile games. Daniel explains how his decades of experience in internet advertising and rewards programs led to the company's current model, why older women are among the most valuable mobile gaming audiences, and why mobile gaming's scale is often underestimated. The conversation also covers Influence Mobile's $28 million revenue base, its Android success, upcoming iOS expansion, white-label opportunities, and the long-term vision for a broader rewards ecosystem. View Influence Mobile on Kingscrowd

What exactly is a model portfolio—and should you trust one with your retirement?Tom and Don explain why professionally designed model portfolios can improve consistency and reduce advisor bias, but also why investors should be wary as firms like Morningstar begin adding private equity, private credit, and other alternative investments to traditional portfolios.00:12 What is a model portfolio?02:11 Why advisors should use investment models03:31 Morningstar's new private market portfolios05:20 Liquidity problems with private investments07:27 The high cost of private equity08:12 “Persistent inflation” claims examined10:49 Why Wall Street wants retirement assets12:23 Listener questions begin14:17 AUM vs flat-fee vs hourly advisors21:22 Do ETF expense ratios add together?23:21 Roth IRA income limits and backdoor strategy27:44 BrokerageLink inside a 401(k)31:00 Costco, avocado oil, and gas pricesQuestions? Comments? Click!

We sat down with Rabih Ramadi, co-founder and CEO at Avantos.ai, for a conversation on how his firm is streamlining client servicing for RIAs with an AI-powered relationship management platform. Rabih shares insight on how to successfully integrate AI into the advisor tech stack at scale.

Commodities are back in the spotlight and new data centers, expanding power grids, and manufacturing changes are driving explosive demand. However, years of underinvestment are making it hard to meet that increased consumer demand. With inflation, geopolitical tensions, and the growing demand for energy and raw materials adding to the mix, what questions should investors consider in today's market? In this episode, you'll hear what's driving markets such as copper, gold, oil, and agriculture, and why some investors are taking a fresh look at commodities for diversification and inflation protection. If demand keeps growing while supply remains constrained, what could that mean for portfolios in the years ahead? Join Hussein Allidina, Managing Director, Head of Commodities, TD Asset Management Inc. (TDAM), Humza Hussain, Vice President & Director, Commodities, TDAM, and Adam Grinbergs, Associate, Portfolio Research, TDAM as they examine the supply and demand forces shaping commodity markets and discuss the role they can play in portfolio diversification and inflation protection. Highlights include: 04:11 What commodities are and how investors gain exposure through futures markets 06:08 Why underinvestment, electrification, AI infrastructure, and reshoring are supporting commodity demand 11:03 Copper's supply challenge and why new production is taking longer to develop 16:00 The role commodities can play in diversification and inflation protection 23:19 Views on key commodity markets, including agriculture, natural gas, copper, gold, and oil       For a full transcript in English and French, please visit the TD Asset Management Podcast page: https://www.td.com/ca/en/asset-management/insights/podcast Email any questions or ideas for future episodes to: td.tdamtalks@td.comPlease follow "TD Asset Management" on LinkedIn: https://ca.linkedin.com/showcase/tdassetmanagement/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jason Kephart, Morningstar analyst and former InvestmentNews reporter, chats with Bruce Kelly about the state of the alternative investment industry.

Hill Road Pictures' Frank Peluso and Bob Vanech join Chris Lustrino to discuss So I'm the Crazy One, an upcoming R-rated comedy built around a creator-driven film finance model. Frank shares his Hollywood background, including work with Nick Cassavetes, while Bob explains how his experience in digital media, YouTube networks, and equity crowdfunding shaped the film's financing strategy. The conversation explores how Hill Road is combining independent film production, content creator casting, audience ownership, Reg D and Reg CF fundraising, and direct-to-consumer monetization. Frank and Bob argue that creator audiences can help both fund and market films, while giving investors a more understandable product than many traditional startup opportunities. Key Highlights Hill Road Pictures is producing So I'm the Crazy One, an R-rated comedy designed for creator-driven distribution. Frank Peluso brings deep Hollywood experience, including work with Nick Cassavetes and Alpha Dog. Bob Vanech brings creator economy, digital media, and equity crowdfunding experience. The team plans to cast content creators with large built-in audiences. Hill Road is using a structure designed to give creators and investors direct participation in the project. The film is targeting a relatively lean production budget compared to traditional studio comedies. The team sees potential upside from theatrical, streaming, direct-to-consumer, and “Creator's Cut” monetization.  

Welcome back to the Alt Goes Mainstream podcast.Today's podcast takes us to the heart of Mayfair in London, where Blackstone Private Wealth COO Farhad Karim shared the firm's history and evolution in Europe. He took a walk down memory lane to discuss the firm's 25th anniversary in Europe as we walked through Berkeley Square from Blackstone's current office to their new office at the other end of the square, highlighting how the firm has become the largest owner of commercial real estate in Europe and the importance of building a local presence in the region.Farhad took on the role of Chief Operating Officer of Blackstone Private Wealth in 2024 after a career at Blackstone that included serving as Chairman and Chief Operating Officer of Blackstone Europe and holding a senior leadership role in the firm's Real Estate business.Farhad and I had a fascinating discussion about the evolution of Blackstone's business in Europe and the firm's Private Wealth business globally. We covered:Why it's important to “meet people where they are at.”What Farhad learned from his experience as chairman of Blackstone Europe.Building and expanding Blackstone's Private Wealth business.How Blackstone will continue to be a pioneer in private wealth.The next phase of product innovation in the wealth channel.How an international perspective has shaped Farhad's approach to building the Private Wealth business.Harmonizing the institutional and private wealth businesses when delivering solutions to LPs.The human element of working with wealth.What it means to be “relentless.”Perspectives on evergreen funds.The scale of opportunity, information, and access.Thanks, Farhad, for sharing your wisdom, expertise, and passion about private markets and private wealth.Show Notes00:33 A Message from Our Sponsor, Ultimus Fund Solutions02:14 Farhad's Blackstone Journey03:37 Speed and Certainty Culture04:07 Real Estate to Wealth Channel Parallels05:04 Building for Local Markets06:16 On-the-Ground Coverage Worldwide07:45 Education at Scale08:52 How Well Advisors Understand Private Markets10:45 Early Innings Adoption12:09 Packaging Private Markets Products13:46 Simplicity vs Customization14:39 Consolidation and Institutionalization19:14 Global Trends Localization19:33 Scale and Deal Competition20:11 AI Advantage in Investing20:53 Portfolio Ops AI Playbook21:42 Private Markets Risk Setup22:17 Noise Versus Facts22:57 Fighting False Narratives23:42 Wealth Channel Narrative24:18 Why Private Markets Matter25:10 Investing Through Geopolitics26:25 Evergreen Versus Drawdown27:21 Discipline Over Structure28:28 Semi-liquid as a Feature29:17 Evergreen for Founders30:39 Evergreen Mindset and Compounding32:01 Owning the Narrative Direct35:22 Fiduciary Seriousness Balance36:15 Relentless Culture Explained38:39 Closing Footnotes(Timestamp 02:46.7): Largest owners of commercial real estate in Europe.(Timestamp 31:33.0): Reference to Class I annualized, inception-to-date return from January 2017.A Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.

This episode explores why higher yields, inflation-linked income, and a slowdown in new construction are reshaping the outlook for real estate in Canada and globally. Investors will gain a better understanding of how different property sectors fit into a portfolio and what current market conditions may mean for future returns. Could today's higher starting yields be setting the stage for a different real estate story than many investors expect? Join Jafer Naqvi and Andrew Croll as they explore the forces shaping real estate markets and discuss where investors may be finding opportunities today. Highlights: 03:05 Why real estate belongs in portfolios 06:17 Real estate yields are at their highest level in years 10:16 What's really happening across property sectors 16:04 What global markets may be telling us 20:19 Real Estate Investment Trusts (REITs), private real estate, and signs of recovery For a full transcript in English and French, please visit the TD Asset Management Podcast page: https://www.td.com/ca/en/asset-management/insights/podcast Email any questions or ideas for future episodes to: td.tdamtalks@td.comPlease follow "TD Asset Management" on LinkedIn: https://ca.linkedin.com/showcase/tdassetmanagement/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Don and Tom take on the latest crypto hype cycle, arguing that Bitcoin remains speculation—not a reliable store of wealth—and that putting crypto inside retirement accounts is especially dangerous. They discuss a new self-directed IRA crypto platform, the risks of private equity and alternative assets in retirement plans, and why “get rich quickly” pitches should set off alarm bells.Then they answer two listener questions. First, Mark from Ohio asks how to prepare a retirement portfolio for a likely market downturn and how withdrawals and rebalancing should work once retirement begins. Later, Doug from Utah asks whether market-linked CDs make sense compared with Treasuries and whether the “no downside” promise is worth the tradeoffs. Don and Tom explain why they dislike market-linked CDs, how bank brokers get paid to sell them, and why simpler fixed-income tools often make more sense.They wrap up with a warning about growing bank-related scam tactics and a publishing scam Don has been seeing aimed at authors.0:05 – Intro: one-star Bitcoin review and why crypto losses are hard to ignore1:16 – Bitcoin's drop, crypto volatility, and retirement-account crypto pitches2:42 – Self-directed IRAs, IRA Financial, and the “get rich quick” problem5:27 – Why crypto, private equity, and alternative assets can be dangerous in retirement plans6:58 – Why most people bought Bitcoin: speculation, not currency utility10:29 – Hot money shifts: crypto, gold, semiconductors, and chasing momentum12:20 – Don's bottom line on crypto as speculation vs. wealth storage13:16 – Listener question from Mark: preparing for a market downturn before retirement15:32 – Is an 80/20-ish portfolio too aggressive with retirement four years away?17:13 – Bonds vs. cash/CDs: what fixed income should do near retirement18:56 – Withdrawal strategy during a downturn and how rebalancing fits in20:46 – Listener question from Doug: market-linked CDs vs. Treasuries23:47 – Why Don and Tom dislike market-linked CDs26:42 – The danger of taking investment advice from a bank salesperson29:18 – Building Treasury and CD ladders through a brokerage instead31:23 – Banks training tellers to spot scam victims before money is lost34:04 – Don's author scam warning: fake book clubs and fake promotional offersQuestions? Comments? Click!

SPONSORED BY NURP Nurp is algorithmic trading designed specifically for busy professionals who don't have time to watch markets. Check out http://www.start.nurp.com/doctors  to learn more. --- Physicians are constantly pitched the next "can't miss" investment opportunity—but how do you separate legitimate strategies from financial hype? In this sponsored episode, Drs. Tim and May Hindmarsh sit down with Jeff Sekinger, founder of NURP, to unpack algorithmic trading, quantitative investing, and where alternative investments may fit into a physician's overall financial strategy. Jeff explains how institutional-style trading technology differs from traditional investing, why emotional investing often hurts long-term returns, and how busy professionals can explore quantitative trading without actively managing every trade themselves. As always, this conversation is educational—not financial advice—and encourages listeners to ask questions, do their own research, and make informed decisions.   In This Episode Why physicians are frequently targeted by investment marketers What algorithmic (quantitative) trading actually is How institutional investors use automated trading systems The difference between hedge funds and licensed trading technology Why diversification goes beyond stocks and bonds Understanding alternative investments Managing risk with predefined controls Liquidity versus locked-up investments Tax considerations for active trading Using demo accounts before investing real money Where algorithmic trading may fit within a long-term portfolio Key Takeaways Algorithmic trading removes emotion. Trading decisions are based on mathematical models and historical testing rather than fear, hype, or headlines. Alternatives should remain a small allocation. Rather than replacing traditional retirement investing, alternative strategies may serve as a complement within a diversified portfolio. Risk management matters. The discussion emphasizes setting predefined loss limits, adjusting position sizing, and understanding volatility before investing. Education comes first. Listeners are encouraged to learn how any investment works before committing capital—and to test strategies using demo accounts whenever possible. Physicians deserve better financial education. Medical training prepares physicians to care for patients—not necessarily to manage wealth. Understanding investment basics can lead to better long-term financial decisions.   Resources Mentioned NURP Demo Platform Modern Portfolio Theory (MPT) Efficient Frontier Quantitative (Algorithmic) Trading Gold Momentum Trading Strategies Section 1256 Tax Treatment Roth IRA vs. Taxable Brokerage Accounts Sponsor Disclosure   This is a sponsored episode featuring NURP. Sponsorship does not influence the hosts' questions or opinions. Nothing discussed in this episode should be considered financial, legal, or tax advice. Always conduct your own research and consult qualified professionals before making investment decisions Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Lumida Wealth founder and CEO Ram Ahluwalia joins Chris Lustrino to discuss how the company is building an AI-powered wealth management platform for sophisticated investors. Ram frames Lumida as a next-generation investing platform designed to combine the best parts of brokerage accounts, financial advisors, market intelligence, and AI-powered portfolio tools into one experience. The conversation explores why traditional 60/40 portfolios may not fit the next generation of investors, how Lumida uses AI agents and factor models to surface investment ideas, and why Ram believes investors increasingly want more control, better insights, access to pre-IPO opportunities, and a stronger sense of community. Chris and Ram also discuss Lumida's growth, revenue traction, customer profile, business model, and long-term vision for an AI wealth advisor that can eventually understand an investor's full financial picture, goals, risk tolerance, and portfolio needs.

Welcome back to the Alt Goes Mainstream podcast.Today's episode dives deep into the world of wealth management with someone whose career is emblematic of the intersection of private markets and private wealth.We sat down with Larry Restieri, the CEO of Hightower.Larry is the CEO and a member of the Board of Directors at Hightower, a national wealth management firm that empowers financial advisors to deliver sophisticated investment and financial services to clients.Larry joined the firm in June 2025 from Goldman Sachs, where he was a Partner. Larry served as the CEO of Goldman's AYCO business, which specializes in workplace financial planning and private wealth advisory services.He held a variety of leadership roles at Goldman across its wealth and asset management divisions, including heading up the Alternative Capital Markets business.Larry and I had a fascinating conversation about the continuing convergence of private markets and private wealth from someone who was at the forefront of this industry transformation. We covered:The evolution of private markets within the wealth channel.Lessons learned from Larry's time building Goldman's Alternative Capital Markets business and the AYCO business.The path to building Hightower into a $1T RIA. The build-out of Hightower's Signature Wealth brand.What does the continued buildout of private equity-backed platforms mean for the evolution of wealth management?What drives financial advisors?The benefits of the independent RIA model.How and why wealth clients should be thinking about private markets.Thanks, Larry, for sharing your wisdom, expertise, and passion at the intersection of private markets and private wealth.Show Notes00:15 Meet Larry Restieri01:22 Sponsor Message from Ultimus Fund Solutions05:37 Larry Career Journey11:21 Why Hightower12:02 Next Wealth Evolution14:37 Democratizing Alternatives17:08 Education And Expectations18:14 GPs And Distribution19:49 Big Versus Niche Managers22:09 Platform Due Diligence23:20 NEPC And Hightower One26:18 Trillion Dollar RIAs27:42 What Advisors Want28:57 Building Hightower One29:27 Signature Wealth Brand30:41 Acquiring The Bahnsen Group31:57 Why Brand Matters32:22 The Volkswagen Brand Analogy34:15 Culture and Community36:34 Hightower 3.0 Strategy37:59 Open Architecture Explained41:04 Private Equity Exits43:06 Multiples and Deal Discipline44:49 Markets and Cash Flow46:20 Private Markets Adoption49:10 GPs Serving RIAs52:33 Closing ReflectionsA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Editing and post-production work for this episode was provided by The Podcast Consultant.

How are institutional investors navigating today's housing market? In this episode of The Investment Conversation, Eric Phillipps (Head of Private Real Estate Investments at Lord Abbett) breaks down the long-term fundamentals, macroeconomic data, and technology driving modern real estate allocations.

Welcome back to the Alt Goes Mainstream podcast.We were live from iCapital Connect's conference in Phoenix, where we sat down with some of the industry's leaders across asset management and wealth management.Eric Muller is Portfolio Manager & Partner, CEO - BDCs for Oak Hill Advisors (OHA). Oak Hill, which was acquired by T. Rowe Price in December 2021, has $112B AUM across performing and distressed credit-related investments in North America, Europe and other geographies.Eric shares responsibility for leading OHA's private credit business and has primary management responsibility for OHA's BDCs. Prior to joining OHA in 2018, Mr. Muller worked in Goldman Sachs' Merchant Banking Division, where he was a Partner in the Private Credit Group, responsible for leading its private senior lending business in North America and managing vehicles that invested across the spectrum of the credit market. With credit on the minds of many, Eric provided a nuanced perspective on the current state of the credit markets and where to uncover both opportunity and risk in the market.Eric and I had a fascinating conversation about the current state of private credit. We discussed:How his experience in private equity has informed how he approaches credit investing.What are the risk / reward trade-offs in private credit?Why credit investors need to be pessimists.How LPs should evaluate private credit firms and why the ability to do workouts matters.How do private equity sponsors pick their credit partners?Why private credit firms might have higher recovery rates than liquid credit markets.How OHA's combination with T. Rowe Price has helped the firm productize for the wealth channel.What are misconceptions about private credit risk and liquidity?Where are the opportunities in liquid credit versus illiquid credit?Thanks, Eric, for sharing your wisdom, expertise, and passion for private credit and private markets.Show Notes00:00 Relative Value Lens00:11 A Message from Ultimus Fund Solutions01:08 Live at iCapital Connect01:46 Early Career at Goldman01:59 Mezzanine Fund Era02:23 GFC Timing Advantage02:51 Running Private Credit03:03 Joining Oak Hill04:15 PE Lessons for Credit04:30 Different Investor Questions04:56 Credit Risk Reward Mindset05:45 Optimistic Pessimist06:16 Downside With Right Tail06:47 Workouts and Distressed Skills08:02 Private vs Liquid Recoveries08:19 Aligned Lenders in Private08:54 Sponsor Relationships Matter09:22 Choosing the Right Partners10:46 Volatility Reveals Behavior11:22 Is Capital Commodity12:39 OHA Distressed DNA13:31 Crossroads of Markets14:26 Challenges of Unconstrained15:22 Risk Spectrum for LPs16:19 T Rowe Deal Rationale17:18 Democratizing Alts Access19:10 One Ticker Multi Strategy20:28 Liquidity Wrappers Tradeoffs21:49 Quasi Liquid Reality Check22:35 Liquid vs Illiquid Risk23:27 Diligence Questions for LPs24:33 Origination Edge and Speed26:19 Public-Private Financing Choice26:55 Alts in Target Date Funds28:41 Private Credit Misconceptions30:30 Closing ThoughtsA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.DisclosuresThe views expressed are the interviewee's, are subject to change without notice, and may differ from those of other T. Rowe Price associates.  Information and opinions are derived from proprietary and nonproprietary sources deemed to be reliable; the accuracy of those sources is not guaranteed. This material does not constitute a distribution, offer, invitation, recommendation, or solicitation to sell or buy any securities.  It does not constitute investment advice and should not be relied upon as such.  Investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.Some or all alternative investments may not be suitable for certain investors. Alternative investments are typically speculative and involve a substantial degree of risk. Each fund and account may be leveraged and engage in other speculative practices that may increase the risk of investment loss. Investors must realize that they could lose all or a substantial amount of their investment. In addition, the fees and expenses charged may be higher than the fees and expenses of other investment alternatives, which will reduce profits. T. Rowe Price has $1.7T total assets under management and OHA has $112B assets under management as of March 31, 2026.In the United States, securities are offered through T. Rowe Price Investment Services, Inc., a broker dealer, registered with the U.S. Securities and Exchange Commission and a member of FINRA. Securities are offered through T. Rowe Price Investment Services, Inc., and advisory services are offered by Oak Hill Advisors, L.P. OHA is a T. Rowe Price company. T. Rowe Price Investment Services, Inc. and Oak Hill Advisors, L.P. are affiliated. 5629822

Today, Steven Jarvis, CPA, is joined by Darren Whissen from Invito to explore what it actually looks like for RIAs to implement alternative investments in practice. Darren shares his background running an RIA where nearly half of the client assets were allocated to illiquid alternative investments. Darren also walks through the compliance infrastructure required to support an alternatives program, including WSP updates, due diligence processes, and supervision requirements. The discussion highlights common pitfalls advisors should avoid, including poor manager selection, overly optimistic projections, and overconcentration in client portfolios. https://zurl.co/MZkQl

Welcome back to the Alt Goes Mainstream podcast.We were live from AGM's RIA Field Trip at Brookfield's New York office at Brookfield Place with Oaktree Managing Director and Co-Portfolio Manager Danielle Poli to unpack why private credit is at a crossroads and why dispersion is growing. Danielle has a unique perch to form a developed view on the current state of private credit. She sits at the intersection of public and private credit, providing her with perspectives on where opportunities and risks lie across the liquidity spectrum. Danielle is a founding member of Oaktree's Global Credit strategy and its Investment Committee, which was established in 2017. She's been an important contributor to its growth into a scaled multi-asset credit platform. She previously led Oaktree's product specialist group, which she helped build into a global team supporting credit, private equity, and real estate. She joined Oaktree in 201 and has nearly two decades of experience in private markets. She has been named to Barron's list of the 100 Most Influential Women in U.S. Finance. Danielle and I had a fascinating conversation about the current state of private credit, where cracks might be emerging and where to find pockets of opportunity amid the dislocations. We covered:Why is boring beautiful in private credit?Where are we in the credit cycle?Why it's important to have a contrarian mindset.Where, why, and how dispersion is rising in credit.How to underwrite software investments post-AI. Why asset-backed finance can be a diversifier.Why now could be the time to prepare for opportunistic and rescue lending opportunities, as maturities are fast approaching.How to balance public and private credit investing. Thanks, Danielle, for sharing your wisdom, expertise, and passion about private credit. Show Notes00:00 Live Podcast Intro00:06 Meet Danielle Poli00:17 Contrarian Mindset 00:34 Our Sponsor, Ultimus Fund Solutions01:32 Where Private Credit Stands Today02:22 Bifurcation and ABF Rise02:59 Liquid vs Private Convergence03:36 Danielle's Career Background04:13 Why Liquidity Matters04:39 Dislocation Advantages05:10 Risk Return Tradeoffs05:18 Liquidity Premium Compression05:41 Covenants and Complexity06:01 Not All Private Credit is Equal06:34 Corporate vs Asset-Backed07:05 Why ABF Diversifies07:30 How Allocators Fund ABF07:49 Credit Taking Share from Equities08:49 Tough Direct Lending Vintages09:22 Rates Shock and Leverage09:43 AI Disrupts Software Credit10:41 Oaktree Software Underweight12:01 Underwriting Software Post AI12:57 Inside the Investment Committee13:57 Selling Rallies and Positioning31:30 Closing ThoughtsA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.

Henry Yoshida, CFP®, is CEO and Co-Founder of Rocket Dollar, leading innovation in self-directed retirement accounts that unlock alternative investments and tax-advantaged wealth-building opportunities for everyday investors. Top 3 Value Bombs 1. You don't need to be a risk-taker to succeed; measured, thoughtful decisions can lead to long-term entrepreneurial success. 2. Most people already have capital in retirement accounts; they just don't realize they can use it to invest beyond stocks and bonds. 3. Taking control of your financial future starts with awareness; knowing where your money is and how it's working for you. Check out Henry's website to learn about self-directed retirement accounts - Rocket Dollar Sponsors HighLevel - The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies. Learn more at HighLevelFire.com. 50 Days - Join JLD on his free '50 Days to Something' video series on YouTube and create something special in 50 days. Revenued - Built for small business owners who need fast, flexible access to working capital, without relying on your personal credit score. Apply now at Revenued.com/fire.

Most physicians have the majority of their wealth tied up in their practices, retirement accounts, or traditional investments. But what if there were ways to diversify using technology-driven strategies that don't require watching charts all day or reacting emotionally to market swings?  In this episode of Bootstrap MD, Dr. Mike Woo-Ming sits down with Jeff Sekinger, to discuss algorithmic trading and how physicians can gain exposure to alternative investment strategies while maintaining control over their assets. Jeff explains the fundamentals of algorithmic trading, the importance of diversification, and how automated systems can remove emotion and time constraints from trading decisions.  The conversation explores why most retail traders struggle, how algorithmic systems are developed and tested, and why physicians should approach any investment opportunity with education and due diligence first. Jeff also introduces NURP's Midas gold trading strategy and shares why offering a risk-free demo account can help investors understand the process before committing capital.  Whether you're a physician entrepreneur looking to diversify beyond your practice and retirement accounts or simply curious about alternative investment opportunities, this episode provides a practical introduction to algorithmic trading and portfolio diversification.  Three Actionable Takeaways: Reduce Concentration Risk: Physicians often accumulate wealth primarily through their medical practices and retirement accounts. Diversifying into alternative investments may help reduce exposure to a single asset class. Use Technology to Remove Emotion: Algorithmic trading systems follow predefined rules, allowing investors to avoid emotional decision-making and time-intensive manual trading. Always Test Before You Invest: Before allocating capital to any investment strategy, understand how it works, review independently verified data, and consider using demo accounts to gain familiarity with the process. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com About the Guest: Jeff Sekinger is a finance entrepreneur and investor who has founded three companies focused on financial education, alternative investments, and algorithmic trading. He is the founder of ZeroPercent, a company specializing in financial education and funding solutions; Orca Capital, a digital asset hedge fund serving accredited investors; and NURP, a software and financial education platform that provides individuals access to algorithmic trading strategies while allowing them to maintain control of their own brokerage accounts. Jeff began investing at a young age and previously worked in asset management at one of the largest banking institutions in the United States before launching his entrepreneurial ventures. Through NURP, he aims to make institutional-grade quantitative trading tools more accessible to individual investors, helping busy professionals explore alternative investment strategies without the need to actively manage trades themselves. Website:  https://www.start.nurp.com/doctors   About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: https://www.bootstrapmd.com Want to start a podcast? Check out the Doctor Podcast Network! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

TerraCycle founder and CEO Tom Szaky joins Chris Lustrino to discuss how the company built a global waste management business around recycling the products most local systems reject. Tom explains why many materials are technically recyclable but economically unattractive for traditional recyclers, and how TerraCycle solves that gap through brand-funded programs, paid zero-waste boxes, and commercial recycling services. The episode digs into the business mechanics behind TerraCycle's model, including partnerships with major CPG brands, consumer adoption, processing facilities, and the economics of hard-to-recycle items like coffee capsules, razors, and cigarette butts. Tom also discusses TerraCycle's profitability, dividend history, acquisition strategy, and why he believes waste remains one of the least innovative large industries.  Highlights include... TerraCycle focuses on recycling waste streams that are not accepted by local recycling systems. The company works with major brands and retailers to fund free recycling programs for consumers. Tom Szaky says the key is making sustainability valuable to brands through market share, engagement, and customer loyalty. TerraCycle has built multiple business lines, including brand-funded programs, direct recycling products, and commercial regulated-waste services. The company has been profitable for years and has consistently paid dividends to earlier shareholders. TerraCycle is raising capital to accelerate growth through acquisitions in specialty recycling.   Resources View Terracycle on Kingscrowd Subscribe to the newsletter

Welcome back to the Alt Goes Mainstream podcast.Building community is central to enabling an industry to grow. There are few better ways to build community and foster trusted relationships than to break bread. As the wealth channel continues to expand its adoption of private markets, peer-to-peer learning becomes ever more important. Sharing experiences and perspectives is what will help the wealth channel adopt private market solutions thoughtfully and responsibly.That's what happened at Franklin Templeton's Private Markets RIA Advisory Council event and dinner at BLACKBARN recently. Bread was broken. Relationships were built. We also found time to record a podcast at a dinner table with Franklin Templeton's Head of Private Markets - Americas Wealth Management Dave Donahoo and Summit Wealth Group's CIO Chelsea Ganey. The discussion granted access to a direct, honest, and raw window into perspectives on how asset managers and wealth managers can work together to educate one another and help move the industry forward. And yes, bread was broken before and after the podcast.Please enjoy this fantastic conversation with Dave and Chelsea on the state of private markets and private wealth and how both asset managers and wealth managers can balance customization and differentiation with scale.Thanks, Dave and Chelsea, for such a thoughtful and fascinating conversation.Show Notes00:00 A message from Ultimus, our Sponsor00:57 Meet The Guests01:07 Private Markets Are Eating World01:29 Why Create RIA Council01:49 Franklin Client-First DNA02:09 From Public To Private02:43 Listening Beyond Product03:07 Peer To Peer Insights04:12 Chelsea On The Benefits of Advisory Council04:36 Inbox Overload And Filtering05:10 Serving Diverse RIA Needs06:15 Many RIAs Within One06:30 What CIOs Need Most06:54 Educating Advisors At Scale07:32 GPs Must Listen Better08:26 What Education Really Means09:01 Repeatable Advisor Resources09:54 Avoid Oversimplifying Complexity10:30 Education Shifts To Choice11:50 Balancing Choice And Customization13:13 Centralized Menu For Scale15:10 Sober Selling And Integrity16:30 Franklin Private Markets Platform17:59 Specialist Managers Model18:28 Infrastructure Partnership Play19:22 Do More With Less Managers21:04 Holistic Options For Advisors21:47 Where Product Innovation Goes22:23 Sun Moon Stars Aligning22:53 Future Access 401k Models23:12 Start With Investment Why23:29 Allocator Innovation Lens24:09 Models Versus Customization24:35 Why Innovation Matters24:53 No One Right Way25:18 Whats Still Missing25:33 Scaling And The Middle25:55 Magic Wand Question26:19 Plumbing And Reporting26:32 Perpetual Structure Tradeoffs26:46 Protecting Investment Integrity27:30 Long Term Over Short Term27:42 Need More CIO Mindsets28:03 Strategic Allocation For Alts28:50 Chelsea On Strategic Framing29:34 Making Liquidity Intuitive30:06 Educating On Liquidity Risk30:29 Private Markets Risk Reframe31:32 Dave On Portfolio Construction32:14 Standardizing Industry Terms32:42 Building Trust With Liquidity33:45 A Fun Question38:10 Client Analogies That Stick40:43 Fat Pitch Opportunities Today42:53 Closing Thoughts And ThanksA Word from Our Sponsor, UltimusThis episode of Alt Goes Mainstream is brought to you by Ultimus, the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands.That's Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you're already in the market or thinking about entering private wealth, you can trust their team's deep expertise in retail alternatives to help you reach your goals.Learn more at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.

Disclaimer: Today's episode is sponsored by Gelt. Content is for educational purposes only. Not advice. Results discussed have not been vetted. Claims made by the guest have not been verified. The views expressed by the guest do not reflect those of the host or this show.—

Disclaimer: Today's episode is sponsored by Gelt. Content is for educational purposes only. Not advice. Results discussed have not been vetted. Claims made by the guest have not been verified. The views expressed by the guest do not reflect those of the host or this show.—

Buck Joffrey is a former surgeon turned entrepreneur, real estate investor, and financial educator who has participated in more than $2 billion worth of real estate transactions. After training at UCSF and building a successful cosmetic surgery practice from scratch, Buck shifted his focus to real estate syndications, alternative investments, and financial education. As the host of the Wealth Formula Podcast and author of The 7 Secrets of Eternal Wealth, he helps high-income professionals take greater control of their finances and build long-term wealth through cash-flowing assets. On this episode we talk about: How Buck built a successful cosmetic surgery practice using aggressive marketing and entrepreneurship The difference between personal money and business money when scaling a company Why Buck transitioned from medicine into real estate investing and syndications How his podcast became the foundation for building an investor community and raising capital Why multifamily real estate may present a compelling opportunity in today's market Top 3 Takeaways Successful entrepreneurs understand that business spending should be evaluated based on return on investment, not personal spending habits. Building wealth often requires creating multiple streams of income and investing in cash-flow-producing assets rather than relying on a single source of income. Some of the best investment opportunities emerge when an asset class is out of favor—smart investors look for value rather than chasing what's currently popular. Notable Quotes "The more I'd spend, the more I'd make. So why not?" "Normal people money is not the same as business money." "When people go to the store, they look for what's on sale. But when they invest, for some reason the things on sale don't look attractive." Connect with Buck Joffrey: LinkedIn: https://www.linkedin.com/in/buck-joffrey-md/ Instagram: https://www.instagram.com/buck.joffrey/ Other: https://www.wealthformula.com/ A Word from Our Sponsors: Today's episode is brought to you by our incredible sponsors. Their support helps us continue bringing you conversations with world-class entrepreneurs, investors, and thought leaders. Please support the companies that support the show by checking out their products and services in the links below. - Are you ready to start your own creatorjourney and make it big? Visitwww.fanvue.com today and launch yourcareer! - To learn more about Mode Mobile and its investor community, go to https://invest.modemobile.com/travismakesmoney -Travis Makes Money is made possible by High Level – the All-In-One Sales & Marketing Platform built for agencies, by an agency.Capture leads, nurture them, and close more deals—all from one powerful platform.Get an extended free trial at gohighlevel.com/travis Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Lustrino sits down with Chris Graebe, founder of IPO Deal Hunter and one of the longest-tenured private market investors in the equity crowdfunding ecosystem. Together they discuss the state of startup exits, liquidity events, IPOs, and what investors should be looking for when evaluating private companies. Drawing from years of experience and several successful outcomes, Graebe shares how he identifies founders, evaluates opportunities, and balances short-term liquidity plays with long-term moonshot investments. The conversation explores BeatBox Beverages' acquisition by Anheuser-Busch, one of the largest crowdfunding-backed exits to date, and the lessons investors can learn from backing strong founders in highly competitive industries. Graebe also discusses recent IPO successes including Starfighters Space and Premier American Uranium, highlighting how new pathways from Reg A and Reg CF offerings to public markets are creating liquidity opportunities for retail investors. Whether you're interested in startup investing, crowdfunding, IPOs, or building a diversified private market portfolio, this episode provides an insider's perspective on where liquidity is emerging and how investors can position themselves for future opportunities. Resources Sign up for Kingscrowd Sign up for the free newsletter

In this podcast, Lord Abbett portfolio managers Vincent Lu and Kearney Posner discuss how public and private credit markets are evolving into a broader toolkit of solutions for borrowers and investors.

Disclaimer: Today's episode is sponsored by Gelt. Content is for educational purposes only. Not advice. Results discussed have not been vetted. Claims made by the guest have not been verified. The views expressed by the guest do not reflect those of the host or this show.—

Aaron sits down with David Poline and Cary Beale of Poline Search Partners as they dive deep into the hidden dynamics behind hiring, recruiting, leadership, and career growth in commercial real estate and beyond. From building successful careers in retail real estate to navigating economic uncertainty, relocation, entrepreneurship, and partnership. The discussion uncovers what truly separates great leaders and candidates from everyone else. There's a powerful focus on the emotional side of recruiting, why relationships matter more than résumés, and how trust, intuition, and reputation can shape entire careers. The episode also reveals what employers secretly look for during interviews, why follow-up communication can make or break opportunities, and how hiring mistakes impact company growth. Beyond recruiting strategies, the conversation explores legacy, mentorship, leadership philosophy, and the long-term impact of treating people well in business. Whether you're hiring, interviewing, leading a team, or planning your next career move, this episode offers practical insights that can immediately change the way you approach professional growth.Key Takeaways:• Why follow-up emails are no longer optional and how failing to send one can immediately eliminate candidates from consideration.• The hidden mistakes people make in thank-you notes that actually hurt their chances instead of helping. • Why hiring managers care just as much about attention to detail and communication style as they do about experience.• How great leaders build careers by following people and mentorship opportunities instead of simply chasing company names.• The surprising career pivots that led from law, restaurants, and real estate into building a high-level recruiting business.• What companies are really looking for when they use DISC profiles, Predictive Index, and personality assessments during hiring.• Why trust, reputation, and emotional intelligence are becoming more valuable than résumés alone.• And the mindset shift that helps professionals make bold career moves with confidence even during uncertain times.Key Timestamps:(00:00) – Why COVID Forced Leaders To Rethink Their Careers(21:00) – Building A Business Partnership Through Trust And Timing(23:00) – Why Great Leaders Matter More Than Great Companies(27:00) – The Psychology Behind Recruiting And Hiring Success(29:00) – How To Design The Perfect Interview Process(30:00) – Why Follow-Up Emails Can Make Or Break Job Offers(33:00) – The Biggest Mistakes Candidates Make After Interviews(35:00) – What Employers Actually Want In A Thank You Note(36:00) – Grammar Mistakes That Instantly Kill Opportunities(38:00) – Why Most Candidates Never Send Follow-Up Emails(39:00) – The Truth About Personality Assessments In Hiring(41:00) – Using DISC And Predictive Index For Team Development(43:00) – Understanding Team Dynamics And Leadership Styles(47:00) – The Emotional Reality Of Recruiting And Career Coaching(49:00) – Creating Meaningful Impact Through Leadership And HiringKey Topics Discussed:Commercial Real Estate Podcast, Private Equity Podcast, Franchising Podcast, Commercial Real Estate Investing, Real Estate Private Equity, Franchise Ownership, Real Estate Syndication, Capital Raising for Real Estate, Private Equity Fund Structure, Commercial Real Estate Development, Multifamily Investing, Alternative Investments, Breaking Into Commercial Real Estate, Private Equity Career Path, Franchise Growth Strategy, Investment Firm Leadership, Wealth Building Through Real Estate, Real Estate Asset Management, Institutional Real Estate Investing, CEO Interview Podcast, Limitless, Aaron ZuckerMentions:Website: https://polinesearch.com/ LinkedIn: https://www.linkedin.com/in/davidpoline/ and https://www.linkedin.com/in/cary-beale/ More of Limitless:Web: zuckerinvestmentgroup.comLinkedIn: https://www.linkedin.com/in/aaron-zucker-zig/IG: @zuckerinvestmentgroupX: @ZIG_CRE

In this episode of the Massive Passive Cash Flow Podcast, Gary Wilson sits down with alternative investment expert Patrick Grimes to discuss how real estate agents and investors can build more resilient portfolios through diversification, alternative investments, and non-correlated assets. Patrick shares his journey from mechanical engineering and real estate investing to becoming a leader in alternative investments after experiencing major losses during the 2009 subprime mortgage collapse. He explains how setbacks shaped his philosophy around diversification, recession resilience, and long-term wealth protection. The conversation dives deep into: Litigation finance investing Medical receivables investing Diversified investment portfolios Syndications and passive investing Tax-efficient investment strategies Asset protection and wealth preservation Recession-resistant industries Non-correlated investments Risk management for real estate investors Patrick also explains why many investors become overexposed to a single asset class and how alternative investments can help stabilize wealth during uncertain economic conditions. He shares practical insights on building true financial resilience while avoiding common mistakes investors make when scaling too quickly. Whether you're a real estate agent, investor, entrepreneur, or business owner looking to diversify beyond traditional real estate and stocks, this episode provides valuable strategies for creating a stronger and more recession-resistant financial future.