Capital Allocators – Inside the Institutional Investment Industry
Allocator and asset management expert, Ted Seides, conducts in-depth interviews with leaders in the institutional investing industry. Guests include Chief Investment Officers from leading allocators, asset managers, strategists, thought leaders, and many more. Our mission is to learn, share, and help implement the process of premier investors. Learn more and join our community at capitalallocators.com.
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Opportunistic Real Estate and Hard Asset Credit at Mavik – Vik Uppal
Vik Uppal is the Founder and CIO of Mavik Capital Management, a $2 billion flexible special situations investment firm grounded in commercial real estate and hard assets that operates through a credit lens. Vik began developing properties as a teenager and after a difficult experience during the financial crisis, moved to New York to begin a career as a professional investor. Our conversation covers Vik's path from developer to distressed investor and the principles he built Mavik around: stable capital, alignment, flexibility, and finding opportunities where capital is scarce. We discuss filtering a wide funnel for ideas, creating downside protection, identifying o...
Dynamic Allocation and Concentrated Conviction – Zack McGuire (EP.524)
Zack McGuire is Senior Managing Director of Investments at Children's Healthcare of Atlanta. Zack's career spans Citigroup, Emory University, the University of Georgia Foundation, and the Maine Public Employees Retirement System before joining Children's three and a half years ago. His responsibilities extend well beyond investing into team leadership, overseeing the investment process, and strategic initiatives across the broader healthcare system. Our conversation covers how an institution's capital base shapes its investment strategy, CHOA's thematic approach to portfolio construction, empowering a team of generalists, and leveraging investment relationships to support the broader institution. Zack brings humility, curiosity, and conviction to his...
Continuation Vehicles from the LP Seat – Scott Ramsower
My guest on today's show is Scott Ramsower, Head of Private Equity Funds at the Teacher Retirement System of Texas, where a 27-person team manages $33 billion in private equity for the $250 billion pension plan. Scott started his LP career at AlpInvest and joined Texas Teachers sixteen years ago, when the private equity program was six people and $7 billion. He also chairs the board of ILPA. Our conversation covers Scott's path from equity research to the LP seat and the growth of the Texas Teachers program. We then turn to continuation vehicles and the reasons LPs have grown wary of them, fr...
AI Tools for the Investment Firm – Ben Harrison (EP.522)
Ben Harrison is President of Industries at Intapp, a leading provider of software solutions to professional and financial services firms. Ben first joined me three years ago to discuss DealCloud, Intapp's platform serving the private capital community. Since then, Intapp has nearly tripled in size, and the rapid development of AI has created an entirely new opportunity for the business. Our conversation explores what Ben calls "firm AI" — moving beyond using AI to conduct research, build models, or create presentations to deploying agents that draw on a firm's institutional memory and execute its workflows. We discuss how AI is changing sourci...
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[REPLAY] DealCloud - Ben Harrison (Dealcloud), (S3. Sponsored Insight)
This Sponsored Insight features Ben Harrison, Founder and Co-President of DealCloud, our sponsor for Season 3 of Private Equity Deals. <p > </p> Ben discusses how DealCloud's vertical software supports alternative investment professionals through deal sourcing, relationship and pipeline management, and workflow efficiencies. <p > </p> We are incredibly grateful of DealCloud for sponsoring Private Equity Deals, and we are eager to highlight their value to the alternative investment community. Learn More<br /> Follow Ted on Twitter at @tseides or LinkedIn<br /> Subscribe to the mailing list<br /> Access Transcript with Premium Membership<br /> <br /> Editing and post-production work for this episode was provided by T...
Building a Berkshire for the Middle Market – Tracy Britt Cool
My guest on today's show is Tracy Britt Cool, co-founder of Kanbrick, a long-term investment partnership that provides owners of family-owned, midsized businesses with a differentiated option from traditional private equity. Tracy launched the business after spending ten years at Berkshire Hathaway as one of Warren Buffett's few deputies. She started out of business school as a financial assistant to Buffett, served as Chair of several Berkshire portfolio companies, and later became CEO of Pampered Chef. Our conversation covers Tracy's journey, including lessons from Buffett and the value of operating experience. We turn to the application of those lessons at Kanb...
From Generalist to Specialist at Columbia's Endowment – Erlina Yeo Terwelp
Our next guest on the Senior Decision Makers series is Erlina Yeo Terwelp, a Managing Director at Columbia Investment Management Company, where she oversees the endowment's private markets portfolio. Erlina's path spans investment banking, private equity, growth equity, and family office investing before she joined Columbia nearly a decade ago. Our conversation covers her evolution as an allocator, how she thinks about manager selection and portfolio construction, the growing role of leadership and team development in her seat, and her perspective on generalist versus specialist team models after working within both. Erlina is candid, thoughtful, and funny — with a deep comm...
Real Estate Credit Over Yield at Invesco – Charlie Rose
Charlie Rose is the Global Head of Real Estate Credit at Invesco, where he oversees an $85 billion global platform. Before joining Invesco, Charlie worked in real estate as an academic researcher, jack-of-all-trades through the financial crisis, and investor up and down the capital stack for eight years at Canyon Partners. <p > </p> Our conversation covers Invesco's "credit over yield" approach, property-first underwriting, collaborative work inside the firm, and relationship-based focus. We discuss sourcing through repeat borrowers, risk management, portfolio construction, contrarian calls, including avoiding data centers and AI exposure, and "sheds and beds" theme of industrial and multifamily loans. We c...
Building the Total Portfolio at Ontario Teachers – Stephen McLennan
<p >Stephen McLennan is the Co-Chief Investment Officer of the Ontario Teachers' Pension Plan, where he oversees asset allocation for the $300 billion fund responsible for the retirement security of 346,000 teachers. Stephen joined OTPP in 2003 and worked across credit, natural resources, infrastructure, and Total Fund Management, before splitting the CIO seat with Gillian Brown in 2024 — a dual-CIO structure that is unique among Canada's largest pension funds. <br /> <br /></p> <p > </p> <p >Our conversation traces that path and discusses OTPP's total portfolio strategy, including the balance of top-down asset allocation with bottom-up investing, role of active management, liquidity, leverage, and internal and e...
Nancy Zimmerman – People, Process, and Fixed Income Arbitrage at Bracebridge
<p >Nancy Zimmerman is the co-founder and Managing Partner of Bracebridge Capital, a $13 billion alternative asset manager specializing in fixed income arbitrage that she founded over 30 years ago, in 1994, alongside Gabe Sunshine with capital from David Swensen at Yale. <br /> <br /></p> <p >Our conversation traces Nancy's evolution from pricing securities to investing and the enduring sources of inefficiency in fixed income markets. We discuss the nature of arbitrage opportunities and their persistence over time and then turn to hunting for mispricings today across developed market rates, structured credit, corporates, and emerging markets. Along the way, we cover Bracebridge's process f...
