Private Capital
Conversations with investment and business thought leaders, founders, and experts geared toward the family office executive or family principal. Join host Joe Reilly as we learn from the best in the investment and business world. Great stories, analysis and insights you can use in a family office context.
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Joan Solotar - Scale as Advantage at Blackstone
05/04/2025
Joan Solotar - Scale as Advantage at Blackstone
Joan Solotar is global head of Blackstone Private Wealth and a member of the firm’s management committee. Joan’s career tracks the fascinating evolution of Wall Street in the past thirty years. Joan worked on three notable IPOs: DLJ in 1995, Goldman Sachs in 1999, and Blackstone in 2007, and we discuss the strategic reasons behind them. She was tapped to lead the development of Blackstone’s private wealth group, which has since grown to $250 billion. We talk about the state of the industry she covered in the 1990s, the challenge of building a two-sided marketplace in private wealth, Blackstone’s management committee, how they prioritize, and the wisdom of building businesses organically. Before joining Blackstone in 2007, Ms. Solotar was Head of Equity Research at Bank of America Securities and a highly ranked Institutional Investor All Star financial services analyst at Credit Suisse and Donaldson, Lufkin & Jenrette. Ms. Solotar is a member of the Board of Trustees of East Harlem Tutorial Program and East Harlem Scholars Academies. She wrote a Harvard Business Review article entitled, and co-authored, Ms. Solotar received a BS in Management Information Systems from the State University of New York at Albany and an MBA in Finance from New York University. Please enjoy my conversation with Joan Solotar. Circulus Substack: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is the head of Circulus Group, a family office network, and the host of The Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. S4E7 ©2025 Joe Reilly
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Mark Strauch - Fishing in a Different Pond
04/09/2025
Mark Strauch - Fishing in a Different Pond
Mark Strauch is a founding partner and president of the private equity firm Alpine Investors, known for its unique CEO training program. With a background in Industrial Engineering from Lehigh University and subsequent business studies focused on finance, his career spans operational roles at companies like Electronic Arts, entrepreneurial ventures such as the early cloud concept Desktop.com, and significant leadership challenges, including orchestrating a complex turnaround as CEO of Business Engine. Mark provides a detailed look into Alpine's operational methodology. He explains the origins and mechanics of the firm's fascinating CEO-in-Residence and CEO-in-Training programs, illustrating how this focus on securing leadership talent prior to acquisition shapes their investment strategy, sourcing advantage, and approach to scaling portfolio companies, exemplified through the creation of the company Ascend. He also discusses the firm's distinct culture, its strategic focus on talent and add-on acquisitions, and offers his views on market dynamics, including exit strategies and the role of AI. Please enjoy my conversation with Mark Strauch. Alpine Investors: Circulus Substack: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is the head of Circulus Group, a family office network, and the host of The Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. S4E6 ©2025 Joe Reilly
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Paul Carbone - The Advantage of Family Capital
03/29/2025
Paul Carbone - The Advantage of Family Capital
Today we are going to hear the story of one of the most interesting firms to spring from a significant family office. JB and Tony Pritzker approached today’s guest, Paul Carbone, with the idea of expanding their direct investments into a free-standing firm called Pritzker Private Capital. Paul takes us through that journey and we discuss the importance of a well-defined value system, the benefits of family capital, partnering with other families, the difference between flexible and patient capital, the problem with club deals, and why direct investing is not for everyone. Paul Carbone is Co-Founder and Vice Chairman of Pritzker Private Capital. In 2012, Paul joined PPC’s predecessor company and later PPC as a managing partner and led the firm’s growth and development for more than ten years. Prior to PPC, Paul was the director and managing partner of Robert W. Baird & Co.’s Private Equity Group after serving as co‐director of investment banking responsible for Mergers and Acquisitions Advisory. Previously, Paul was senior vice president in the Investment Banking Group at Kidder, Peabody & Co. Paul received his MBA from Harvard Business School and his B.A., Phi Beta Kappa, from The College of the University of Chicago. Please enjoy my conversation with Paul Carbone. Pritzker Private Capital: University of Chicago Booth School of Business Family Office Initiative: Circulus Substack: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is the head of Circulus Group, a family office network, and the host of The Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2025 Joe Reilly
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Jason Mudrick - The Debt Landscape
03/16/2025
Jason Mudrick - The Debt Landscape
Jason Mudrick is the Founder and Chief Investment Officer of the $3.4 billion Mudrick Capital Management, a firm renowned for its expertise in navigating complex credit situations and distressed opportunities. With a career spanning multiple market cycles, Jason brings a wealth of experience and a unique perspective on the evolving landscape of distressed investing. Forgoing a law career at Skadden, he did M&A at Merrill and then joined Contrarian Capital where he learned debt at the right-hand of Jon Bauer. Taking the leap after the financial crisis, Jason started Mudrick Capital with $5 million and faced the challenges of raising capital in a tough market that nonetheless contained many opportunities. Jason has lots of great stories, and we explore his current take on the debt landscape, his toughest year, creditor-on-creditor violence, and the wild ride of AMC. Please enjoy my conversation with Jason Mudrick. Mudrick Capital Management: Circulus Substack: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is the head of Circulus Group, a family office network, and the host of The Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2025 Joe Reilly
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Matt Fleissig - The Service Matrix
02/20/2025
Matt Fleissig - The Service Matrix
Today, we're charting the remarkable trajectory of a wealth management powerhouse: Pathstone. Joining us is Matt Fleissig, co-founder and CEO. Pathstone is a great case study for the major trends in wealth management over the last ten years. Pathstone’s DNA was from the well-known Harris MyCFO, which was the original dot-com family office formed by the founders of Netscape and WebMD. Pathstone has since grown into a firm managing and advising on a remarkable $162 billion in assets. Matt has been a key architect of this growth story, and we'll explore how they navigated the complexities of multiple prominent acquisitions, how they developed their unique business model which has turned services into a revenue generator rather than a cost, and their recent notable acquisition of the $45 billion Hall Capital. Earlier in Matt’s career, he held positions at Harris MyCFO Investment Advisory as a Principal and at Ayco, a Goldman Sachs Company, as a Financial Planner. He was a member of Harris Bank’s Outside Advisor Review Committee, which directed manager due diligence, search, and selection for the bank’s $60 billion platform, and was also a member of Harris Bank’s Investment Management Committee. Matt earned a Bachelor of Arts in Economics from Muhlenberg College and an MBA in Finance from Fairleigh Dickinson University. Please enjoy my conversation with Matt Fleissig. Pathstone: Circulus Substack: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is the head of Circulus Group, a family office network, and the host of The Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2025 Joe Reilly
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Michael Fisch - Buying Market Leaders
02/05/2025
Michael Fisch - Buying Market Leaders
Michael Fisch is a founder and the CEO of American Securities, a $23 billion private equity firm that originated in the Rosenwald family office. This is a great story of a fabled family office turning their investment DNA into a thriving private equity firm by buying market-leading businesses. William Rosenwald, son of Julius Rosenwald who built Sears Roebuck, started the family office back in the 1940s, investing in private companies. Michael’s mentor, Chuck Klein, took them to the next level in the 1980s and offered a role to 30-year-old Michael, who turned around and proposed building what became American Securities today. We talk about their first acquisition, why they seek out market leaders, the growth of the firm, and overcoming bottlenecks, and their unique resource group that creates efficiencies and growth in their underlying companies. Before founding American Securities, he was a partner in two private equity funds, a consultant in the Paris office of Bain & Company, and a professional in the mergers and acquisitions department of Goldman Sachs. Michael received a BA in Economics and Policy Studies from Dartmouth College, where he is a Member of the President’s Leadership Council, and an MBA from Stanford University’s Graduate School of Business, where he has been a guest lecturer since 2006. Michael serves as a Director of the 1162 Foundation, a Member of the Atlantic Council’s Executive Committee of the Board of Directors, and Chairman of the Advisory Council of its Freedom and Prosperity Center, a Member of the Board of Trustees of Northwell Health, and Chair of the Board of Trustees of Princeton Theological Seminary. He has authored a number of articles and appeared as a guest on national television programs, all on private equity and investing. Please enjoy my conversation with Mike Fisch. American Securities: Circulus Substack: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is the head of Circulus Group, a family office network, and the host of The Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2025 Joe Reilly
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Jim Tananbaum - AI and the Language of Biology
01/17/2025
Jim Tananbaum - AI and the Language of Biology
Today’s guest is Jim Tananbaum of Foresite Capital. One of the most exciting places AI is revolutionizing is drug discovery, so I was very excited to have Jim on today. Jim Tananbaum is the founder and chief executive officer of Foresite Capital, a U.S.-focused healthcare investment firm founded in 2011 that has approximately $3.5 billion in assets under management. During the last three decades, Jim has been a thought partner for some of the most impactful and fastest-growth companies of their generation, including: 10x Genomics, Amerigroup, and Jazz Pharmaceuticals. Jim’s first success came while he was still at Harvard Business School when he co-founded GelTex Pharmaceuticals, which brought two drugs to market and was acquired in 1999 for $1.4 billion. Jim was the founding chief executive of Theravance, Inc., a co-founder of Prospect Ventures, and a partner of Sierra Ventures. Jim studied engineering at Yale and earned an MD from Harvard Medical School, an MBA from Harvard Business School, and graduated from the Harvard MIT HST program. We discuss what it takes to start a drug company, breakthroughs in obesity, AI, and the challenge of data in drug discovery, understanding the language of biology, advances in pain and cancer research, and his thoughts on brain implants. Please enjoy my conversation with Jim Tananbaum. Foresite Capital: Jim’s Homepage: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2025 Joe Reilly
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Mark Gerson - Master of Networks
12/29/2024
Mark Gerson - Master of Networks
Today’s guest is Mark Gerson of 3i Members. Mark is a remarkable entrepreneur, philanthropist, and master at creating networks. He is most well known for founding Gerson Lehrman Group, the original and largest expert network in the world, and most recently, 3i Members, a global deal network for investors, all of whom have exited a company or led a family office. Mark is also the chairman of United Hatzalah, a network of volunteer medics in Israel, and the cofounder of the African Mission Healthcare Foundation, which supports missionaries performing medical care in Africa. Mark is a graduate of Williams College and has a JD from Yale Law School. You should also know Mark is a big fan of Sinatra and Elvis. We discuss the founding of GLG, his sports business Thuzio, the mechanics of 3i, and delve into the workings of United Hatzalah. Mark was a real pleasure to talk to as he has such a broad range of interests. Please enjoy my conversation with Mark Gerson. Mark’s Podcast: 3i Members: United Hatzalah: African Mission Healthcare Foundation: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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David Salem - Know What You Own
12/08/2024
David Salem - Know What You Own
David Salem has had a remarkable career. He did his undergrad at Middlebury, went to Harvard Business School where he sat next to Seth Klarman, then went to work with Jeremy Grantham at GMO where he became a partner. He started The Investment Fund for Foundations, a groundbreaking way for smaller endowments to benefit from professional investing and scale, and had David Swensen of the Yale Investment Office, Jack Meyer of the Harvard Management Company, and Seth Alexander of MIT, as well as many other talented investors on his board. He went on to advise George Soros on his personal money and worked for many years with Chuck Feeney who famously gave away his entire multi-billion-dollar fortune. David’s writings are voluminous and available online. He is currently working on a book about Peter Bernstein, the great author of Against the Gods: The Story of Risk. We talk about how to allocate $5 billion dollars, filtering out impulsive managers, the founding of TIFF, the ideal size of an investment committee, and the persistent edge of Seth Klarman. It was my great pleasure to talk to David Salem. Hedgeye: https://insights.hedgeye.com/hedgeye-capital-allocation/ David Salem Articles: https://www.epsilontheory.com/david-salem-2/ NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly heads Circulus Group, a family office network, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Jennifer Prosek - Power of Storytelling
11/11/2024
Jennifer Prosek - Power of Storytelling
Jennifer Prosek has built a powerhouse communications firm by focusing on asset management. She asked herself, "Why does the financial industry not care about its brand, and why are they so on the back foot about everything?" I was particularly keen to talk to her about how firms struggle to differentiate, especially as formerly low-profile parts of the industry, such as private equity funds, now look to expanding across the wealth channel and begin to look more like consumer brands. We talk about how she built her firm from small beginnings; how family offices should think about their story; being prepared for a crisis in advance; educating financial advisors; how to go from high-level awareness down the funnel to actual ROI; how to navigate Milken and Davos; and the future of AI in communications. Jennifer Prosek is the founder and managing partner of Prosek Partners, a leading integrated marketing and communications firm with offices in nine cities around the world. The firm was named the best financial communications and marketing firm by PRovoke Media in 2023. Jennifer was also listed personally on The Wall Street Journal’s “Most Influential Decision Markers” list in 2023 and 2024. She is the author of two books, “Army of Entrepreneurs” and “Raising Can-Do Kids.” Jennifer is on the board of the Mount Sinai Health System and the Museum of the City of New York and she received her MBA from Columbia University and a B.A. in English Literature from Miami University. Jen is also known for her pithy sayings, and we managed to get a new one from her. Please enjoy my conversation with Jennifer Prosek. “Reaching for Retail” Prosek report: Army of Entrepreneurs: Raising Can-Do Kids: NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: Substack: INHERITANCE PODCAST: If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Zoe Cruz - Morgan Stanley to DeFi
10/29/2024
Zoe Cruz - Morgan Stanley to DeFi
Zoe Cruz is a prominent figure in the financial services industry, known for her significant contributions and groundbreaking achievements as one of the highest-ranking women on Wall Street. She was named one of the Forbes top 50 women in business four years in a row. With a career spanning over 25 years at Morgan Stanley, where she served as Co-President, Cruz played a pivotal role in managing major revenue-generating businesses, starting with her taking charge of the FX desk in 1993. Her expertise and leadership have established her as a key player in the finance sector. Cruz transitioned to founding her own asset management firm, Menai Financial Group. This move not only highlights her resilience but also her belief in the potential for growth and opportunity that can come from financial innovation. Zoe Cruz moved to the US from Greece at age fourteen and is a graduate of Harvard and Harvard Business School. As we engage in this discussion with Zoe Cruz, we will explore her insights on leadership, inflection points in market cycles, why Morgan Stanley hired James Gorman, the current dangers of hidden leverage, and the bridges from TradFi to DeFi. Menai Financial: https://menai.io NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: ubstack.com INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Michael Weisz - Yieldstreet
09/16/2024
Michael Weisz - Yieldstreet
Michael Weisz has a real knack for finding unconventional opportunities and a strong entrepreneurial spirit. He cut his teeth in real estate, but quickly found his nuanced understanding of mis-priced risk prepared him for creative investments like litigation and receivable finance and strategies like loans to professional athletes during lockouts. We talk about the development of the Yieldstreet platform, how they think about the wide variety of offerings they have from fine art to CLO’s, the democratization of finance, and the international scaling of the firm. Michael is the Founder and CEO of Yieldstreet, the leading private market investing platform, with more than 500k members and $5.7 billion invested. An award-winning entrepreneur, he co-founded Yieldstreet in 2015 with an ambition of providing individual investors access to curated private market assets typically reserved for institutions. As CEO, Michael leads Yieldstreet’s strategic vision to make alternatives a fundamental piece of investor portfolios. Before Yieldstreet, Michael held a variety of positions across the specialty finance spectrum, including founding Soli Capital. Previously, Michael was Vice President at a New York-based credit opportunities hedge fund with $1.2B under management. WEBSITE: NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is the CEO of Circulus Group an educational forum for family offices, and the host of the Inheritance Podcast. FOLLOW JOE: WEBSITE: ubstack.com INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Ted Seides - Private Equity Deals
09/06/2024
Ted Seides - Private Equity Deals
Today’s guest is Ted Seides from Capital Allocators podcast. I first did a print interview with Ted exactly seven years ago, when he had just completed his first book So You Want to Start a Hedge Fund? and had just started his podcast. Since then he has written two more books, Capital Allocators and today’s topic Private Equity Deals and now has one of the top investment podcasts in the world, with over 400 episodes. Private Equity Deals is a set of engaging case studies derived from his podcast series, and is an excellent and detailed read, delving deeply into fifteen different deals. Ted Seides is the host of Capital Allocators, which includes podcasts, gatherings and advisory. He was formerly co-founder of Protege Partners, which was a leading multi-billion dollar hedge fund seeder, where he was President and co-CIO. Ted is also well known for his famous bet with Warren Buffett, a charitable wager pitting hedge funds against the S&P 500. Ted began his career under the tutelage of David Swensen at the Yale University Investments office. Ted graduated with honors from Yale and received an MBA from Harvard Business School. I’m grateful to Ted for getting me into podcasting. He told me it was fun and easy and you get to talk to really interesting people, and he was absolutely right. Please enjoy my conversation with Ted Seides. Private Equity Deals: https://www.amazon.com/Private-Equity-Deals-dealmaking-professionals/dp/1804090735 Capital Allocators on Apple Podcasts: https://podcasts.apple.com/us/podcast/capital-allocators-inside-the-institutional/id1223764016 NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: ubstack.com INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it.
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Greg Fleming - Rockefeller Capital Managment
08/11/2024
Greg Fleming - Rockefeller Capital Managment
Greg Fleming is the President and Chief Executive Officer of Rockefeller Capital Management, a role he has held since the firm, formerly known as Rockefeller & Co., launched in March 2018. Greg and I discuss the pivotal Lehman weekend in September of 2008 when he was instrumental in the sale of Merrill Lynch to Bank of America, his thoughts on organic growth and mergers in wealth management, the founding of Rockefeller Capital with Viking and building on the legacy of the Rockefeller family office, growing from $18 billion to $140 billion in six years, the importance of horizontal connectivity in a large organization and his belief that nice guys can finish first. Prior to Rockefeller, Greg was the President of Morgan Stanley Wealth Management and Morgan Stanley Investment Management. Before joining Morgan Stanley in 2010, he served as President and Chief Operating Officer of Merrill Lynch, and previously ran Merrill’s Global Investment Banking business. Greg joined Merrill Lynch as an investment banker in 1992. He had also been a principal at Booz Allen Hamilton. Greg is a Phi Beta Kappa, summa cum laude graduate of Colgate University with a bachelor’s degree in Economics. He received his J.D. from Yale Law School. Please enjoy my conversation with Greg Fleming. WEBSITE: https://www.rockco.com/bios/gregory-j-fleming/ If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: REQUEST AN INVITE TO OUR FALL SUMMIT: https://forms.gle/YNesjsJb8rwuzkW5A INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Ken Kencel - President and CEO of Churchill Asset Management
07/07/2024
Ken Kencel - President and CEO of Churchill Asset Management
Ken Kencel is the President & CEO of Churchill Asset Management, a $50 billion dollar platform serving over 700 institutional clients. He shared valuable insights on the growing private credit market, the evolution of the industry, his first job at Drexel, working at Carlyle and then going out on his own to start Churchill from scratch. We also discuss the nuances of the art of the covenent and finish with Ken’s desert island discs. Ken started his career in M&A at Drexel Bernham Lambert, founded the high yield finance business at Chase Securities, and was head of leveraged finance at RBC as well as Indosuez Capital. He was president and CEO of Churchill Financial group, which was sold to Carlyle where he served as a Managing director before starting Churchill Asset Management. Ken graduated magna cum laude from Georgetown and has a JD from Northwestern. Please enjoy my conversation with Ken Kencel. WEBSITE: https://www.churchillam.com If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: We are hosting our first family office event in New York on September 19th, 2024. If you are are a single family office and would like to attend, you can request an invite below. We are happy to have Steve Tananbaum of GoldenTree, Zoe Cruz of Menai Financial and Torsten Slok of Apollo joining us, and will be covering private equity, fintech and the global macro outlook. I hope you can join us. REQUEST AN INVITE TO OUR FALL SUMMIT: https://forms.gle/893q6qEXZEvVigSM7 INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Jason Schwarz - Wilshire's Content Engine
06/27/2024
Jason Schwarz - Wilshire's Content Engine
Jason Schwarz is Deputy Chief Executive Officer and President at Wilshire, which currently manages over $100 billion in assets and advises on $1.3 trillion. Jason was raised in a legal family, but his path diverged from the expected, fueled by a desire to carve his own niche. He told me, “I think you see this with sons and daughters of successful parents," he mused. "One path is to follow in the same direction, the other is to go in one's own direction. And I chose that." This decision led him westward, where he immersed himself in the ever-evolving realm of investments, including a side trip to Hanoi. We talk about what makes an effective consultant, the burgeoning OCIO business, what he learned from legendary founder Dennis Tito, and the transformation Wilshire underwent following its acquisition by Motive and CC Partners, where Schwarz played a pivotal role in streamlining previously siloed divisions. Jason joined Wilshire in 2005 and has held a number of increasingly senior roles within the firm, including establishing Wilshire as a leading provider of investment solutions for financial intermediaries, advisors and their clients and ultimately overseeing all of the firm’s business segments. Jason holds a BA in Government from Hamilton College and an MBA from the Marshall School of Business. Please enjoy my conversation with Jason Schwarz. WEBSITE: https://www.wilshire.com/ If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Anthony Scaramucci - The Capital Artist
06/08/2024
Anthony Scaramucci - The Capital Artist
Anthony Scaramucci, is the founder and managing partner of Skybridge Capital and the SALT Conference. We had a wide ranging and candid conversation about his new book, his path from Port Washington to the White House, navigating the cutthroat world of Wall Street and politics, adapting his investment style to survive, and the importance of non-transactional networking. Anthony Scaramucci is the founder and managing partner of SkyBridge Capital and founder and chairman of the SALT conference. Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman in 2001. Earlier, he worked in Private Wealth Management at Goldman Sachs. Scaramucci briefly served as Chief Strategy Officer of the Export-Import (EXIM) Bank and as White House Communications Director in 2017. He is a member of the Council on Foreign Relations (CFR) and a board member of the Federal Enforcement Homeland Security Foundation. He is the author of five books.and he holds a BA in Economics from Tufts University and a JD from Harvard Law School. Please enjoy my conversation with the always engaging Anthony Scaramucci. SkyBridge Capital: https://www.skybridge.com/ X: If you like these discussions, please subscribe or leave a review. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Carin-Isabel Knoop - Executive Director of the Harvard Business School Research and Case Writing Division
05/29/2024
Carin-Isabel Knoop - Executive Director of the Harvard Business School Research and Case Writing Division
Carin-Isabel Knoop is the founder and executive director of the Harvard Business School Research and Case Writing Division. This conversation was spurred by two things, one that I found out on the Business Breakdowns podcast last year that Harvard Business School Publishing is larger than Forbes, and two that I’ve also always been curious about how case studies are actually written. Anyone who has done security or competitive analysis will appreciate the level of detail that goes into a case. This is similar to the great conversation I had last year with Paul Edelman, who has developed psychological tests to find talent for leading hedge funds. I would encourage you to listen to that one if you haven’t, Paul is great at breaking down conceptual thinking. Cases are used to teach decision making and business reasoning for analysts, business owners, consultants and investors, but what are the decisions that go into the cases themselves and why are they such a good tool for teaching this mode of thought? What I found was intriguing and in some ways pleasantly surprising, and Carin was great fun to talk to. Please enjoy our discussion. Carin-Isabel Knoop is the Executive Director of the Harvard Business School Case Research and Writing Group which she began in 1995. Previously she was a consultant at McKinsey and Price Waterhouse Coopers. Carin has her bachelors summa cum laude in Government, Economics and International Relations from the University of Texas at Austin and an MBA from Harvard Business school with honors. She is also a very active writer on Medium and where she writes about creating better workplaces. https://carinisabelknoop.medium.com/
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Scott Sperling - Co-CEO of Thomas H. Lee Partners
05/03/2024
Scott Sperling - Co-CEO of Thomas H. Lee Partners
Scott Sperling is the Co-CEO of Thomas H. Lee Partners. We had an excellent conversation about his time at Harvard Management Company under legendary figures like Walter Cabot and Jack Meyer, his thoughts on the evolution of private equity, the growth of THL, how the firm is structured, his top metrics and how to find new areas of growth. Scott is Co-CEO and co-chair of the firm’s management committee. Prior to joining Thomas H. Lee Partners, Scott was, for more than a decade, managing partner of the affiliate of Harvard Management Company that managed all alternative asset classes for Harvard University’s endowment fund. Before that he was a Senior Consultant with the Boston Consulting Group. Scott is involved with a number of charitable and non-profit organizations. He is Chairman of MassGeneralBrigham, the Parent of the Harvard teaching hospitals, Massachusetts General Hospital and Brigham & Women’s Hospital. He is Chairman Emeritus of the CitiCenter for Performing Arts and Wang Theater. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Michael Tiedemann - CEO of AlTi Tiedemann Global
04/05/2024
Michael Tiedemann - CEO of AlTi Tiedemann Global
Michael Tiedemann is a founding partner and chief executive officer of AlTi Tiedemann Global, a publicly traded $70 billion investment firm. He is also a member of the firm’s board of directors and chairman of the firm’s internal investment committee. We talk about starting the business with his father, Carl Tiedemann, the former president of DLJ, spinning up a wealth manager from scratch after the dot-com collapse, the importance of having an operator mentality, finding great talent, and Mike’s thoughts on venture, private debt, growth in the wealth management space and being deliberate. Michael began his career working for Tiedemann Investment Group (TIG) as an emerging markets research analyst. In 1994, he joined the equity research group at Banco Garantia, one of Brazil’s leading investment banks, living in Brazil for two years. Later, Michael ran their equity sales and trading operations out of New York, where he worked closely with Garantia’s top-ranked hedge fund-of-fund group. In 1998, when Credit Suisse acquired Garantia, he remained there, heading up their sales trading efforts for Latin America, until he left to start Tiedemann Advisors in 2000. Michael has been a selected speaker at a number of financial and regulatory associations around the country. In 2012, the Henry Street Settlement honored Michael for his contribution to charitable causes, and most recently in 2017 Michael received the Impact Award for his contribution to fighting poverty by the River Fund of New York. Michael received a Bachelor of Arts degree in psychology from Ohio Wesleyan University. If you like these discussions, please subscribe or leave a review. Please enjoy my excellent talk with Mike Tiedemann. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Alex Chaloff - CIO of Bernstein Private Wealth Management
03/21/2024
Alex Chaloff - CIO of Bernstein Private Wealth Management
Alex Chaloff is the CIO of Bernstein Private Wealth Management. We had a great conversation talking about his personal litmus test for a manager, what to do with lagging funds, the advantages of scale, and the importance of having a sleep coach. Please enjoy my talk with Alex Chaloff. Alex Chaloff is the Chief Investment Officer of Bernstein Private Wealth Management. Before his current role, he served as head of Alternative Asset Strategies. Alex was also a Senior Investment Strategist and Co-head of Bernstein’s Private Client Investment Policy Group, the decision-making body for the private client business. The PCIPG provides asset allocation, investment, and risk management advice for high-net-worth clients, endowments, and foundations. Before joining Bernstein in 2005, he was a managing director at Wilshire Associates, serving on the firm’s investment committee. At Wilshire, Alex structured the investment programs of Fortune 500 companies and developed the portfolio construction for multiple mutual fund complexes, serving as Chief Financial Officer for several fund families. Prior to that, he worked in fund accounting operations at a global custodian in Boston. Alex earned a BA in government and politics from the University of Maryland, College Park, and an MBA with a concentration in finance from the Marshall School of Business at the University of Southern California. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Mark Hurley - Welcome to the Wealth Management Jungle
02/22/2024
Mark Hurley - Welcome to the Wealth Management Jungle
Today we have Mark Hurley, who recently co-authored a white paper called Welcome to the Jungle: The Next Phase of the Evolution of the Wealth Management Industry. Mark has written several influential papers over the years, and makes some intriguing and provocative points. We go into the mechanics of the wealth management business, how to find talent, discuss the ten-year acquisition spree in the industry, and the challenges of a wealth management business which is transitioning from a club-like place to one that is far more competitive. Mark is currently CEO of Digital Privacy and Protection, a cybersecurity company. He was the Chairman and CEO of Fiduciary Network, a well know firm that provided capital for internal transitions, acquisitions, and MBOs of Registered Investment Advisors. Prior to that he was CEO of Undiscovered Managers, a mutual fund company, and started out at Goldman Sachs. Mark was educated at the United States Military Academy at West Point and has an MBA from Stanford. Digital Privacy and Protection: https://www.dpripro.com Welcome to the Jungle: The Next Phase of the Evolution of the Wealth Management Industry: https://www.dpripro.com/research/yhxohtca3dvhxbc69uh2xqhgi5ynen-jzsww NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Steffen Pauls - Future of Private Equity
02/08/2024
Steffen Pauls - Future of Private Equity
Steffen Pauls is a serial entrepreneur with a long background in the private equity industry. His career started at BCG; he started and sold a fintech company during the dot com era; worked at KKR when it was still a small firm and grew along with it; and then left to start his own company in 2016 called Moonfare - which is a private equity investing platform making top-tier funds available to retail and institutional investors at lower minimums. Steffen got his bachelor’s degree from the University of Mannheim with high distinction and his PhD in Economics from the University of Trier. We talk about his exciting educational and entrepreneurial journey, what KKR was like when it all fit in one room, the challenges of starting a company and getting initial traction, the technological challenges of building a private equity platform, and what he thinks about the future of the space. Please enjoy my interview with Steffen Pauls. Moonfare: https://www.moonfare.com/us Twitter: https://twitter.com/steffenpauls Moonfare Deal Talk: https://podcasts.apple.com/il/podcast/deal-talk-interviews-with-private-equity-leaders/id1689571193 NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: https://twitter.com/joereillyjr WEBSITE: https://www.circulus.co/ INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Casey Whalen - Lessons from David Swensen
01/25/2024
Casey Whalen - Lessons from David Swensen
Casey Whalen has had a remarkable investing career starting at the Yale investments office, then Rockefeller University, the CIO of the New York Public Library, running three billion at Truuvo partners and now heading up Lazard’s family office partners. Casey and I talk about the many lessons she learned from David Swensen, and I especially liked her stress on getting alignment with all the players in an investment program. We also talk about the importance of the right frameworks, private investments, letting go of managers and dealing with customized portfolios for wealthy clients. Please enjoy my interview with Casey Whalen. Full Bio: Casey Whalen is the Managing Director, Head and CIO of Lazard Family Office Partners. She was previously CEO and CIO at Truvvo partners, a $3.8 B OCIO manager of family wealth and was CIO of the New York Public Library before that. She was Director of Public Investments for Rockefeller University and began her investment career at the Yale University Investments Office under David Swensen. She is a graduate of Yale University where she studied economics. She serves on the Investment Committee of the Rockefeller Family Fund. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Lazard Family Office Partners: https://www.lazardassetmanagement.com/us/en_us/references/lazard-family-office-partners Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: https://twitter.com/joereillyjr WEBSITE: https://www.circulus.co/ INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2024 Joe Reilly
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Ryan Eisenman - The Challenge of Data
11/19/2023
Ryan Eisenman - The Challenge of Data
Today we are speaking to Ryan Eisenman, co-founder and CEO of Arch, a leading fintech startup that is a digital administrator for private investments. I thought it would be great to catch up with Ryan to get a look under the hood of a rapidly growing B2B SaaS company tackling one of asset management’s persistent back office issues such as K-1s and capital calls, as well as a look at how their focus on product and customer experience can help you stand out in the burgeoning fintech space. As someone who has personally struggled from the deluge of unstructured data in a family office, I am always interested in how technology can solve this ultimate of pain points in a family office or RIA, and Ryan and his team are on the cutting edge of applying new technology, including AI to this area. We hear his founder story and how he and his co-founders Jason Trigg and Joel Stein have approached pricing, market fit, handling data, and all the different types of customers and their individual challenges. Right after we recorded this interview, Arch closed a $20 million Series A led by Menlo Ventures, with Craft Ventures, Quiet Capital, Citi Ventures, and Focus Financial joining. The group has over 200 customers managing over $60 Billion. Ryan Bio: Ryan Eisenman is the co-founder and CEO of Arch, a digital solution for managing private-market assets like private equity, venture capital, and real estate. What started as a solution for collecting K-1s is now used to automate portfolio management and analysis by over 200 institutional clients, private offices, and investment advisors, including one of the three biggest US banks. Ryan is a Houston native, graduated from Vanderbilt University with a degree in Human and Organizational Development, and lives in New York City, where Arch is based. WEBSITE: arch.co FOLLOW RYAN: https://twitter.com/Ryeisenman NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2023 Joe Reilly
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Jon Hirtle - An Uninterrupted Chain of Logic
10/19/2023
Jon Hirtle - An Uninterrupted Chain of Logic
Today we have Jon Hirtle, founder and executive chairman of Hirtle, Callaghan & Co, a $20 billion OCIO firm. I was especially interested to talk to Jon because he is a real process guy, and has been thinking deeply about managers and portfolios for over thirty years. John trained recruits at Paris Island, worked at Goldman, and left with no clients to become a pioneer in what came to become the OCIO business. We discuss prediction markets, what he learned from the Mellon family office, and his concept of looking for an “uninterrupted chain of logic.” Jon is a regular commentator on national media and is best known for his role in pioneering the outsourced CIO (OCIO) model for families and institutions. Prior to founding Hirtle Callaghan, Jon worked at Goldman Sachs advising family groups and institutions on investment strategy and securities selection. Previously, he served as an officer in the United States Marine Corps. He earned his B.S. and M.B.A. degrees from the Pennsylvania State University. Please enjoy my interview with Jon Hirtle. Full Bio: Founder and Executive Chairman of Hirtle, Callaghan & Co. In his role as Executive Chairman, Jon continues his intense focus on producing ever-better net outcomes for clients. Working closely with the Hirtle Callaghan Investment Strategy Group, he developed the firm’s investment philosophy which he distilled into four cornerstone principles. Jon appears regularly on national broadcast networks including CNBC, Fox Business, and Bloomberg Television. He is highly sought after for his commentary on investing and was dubbed the "Oracle of Outsource" by Pensions & Investments as Hirtle Callaghan is best known for his role in pioneering the outsourced CIO (OCIO) model for families and institutions. Prior to founding Hirtle Callaghan, Jon worked at Goldman Sachs advising family groups and institutions on investment strategy and securities selection. Previously, he served as an officer in the United States Marine Corps. He earned his B.S. and M.B.A. degrees from the Pennsylvania State University. Hirtle Callaghan & Co: https://www.hirtlecallaghan.com NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2023 Joe Reilly
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Jan Szilagyi - AI for Portfolio Insight
09/10/2023
Jan Szilagyi - AI for Portfolio Insight
AI for Portfolio Insight Jan Szilagyi is the CEO and co-founder of Toggle AI, a generative AI startup that uses machine learning to turn institutional-grade data into insights for investors of all stripes. Szilagyi spent most of his career with Stanley Druckenmiller at Duquesne Capital. He was co-CIO of global macro at Lombard Odier and also managed portfolios at Fortress under Michael Novogratz. Jan has a Ph.D. in economics from Harvard, and BA and MA degrees in mathematics and economics from Yale. I was very eager to talk to Jan about his cutting-edge work of actually applying artificial intelligence to help portfolio managers and analysts. When I first met Jan three years ago, he was already ahead of the curve in using advanced models to digest huge amounts of investment data and prices in a way that was useful and didn’t require data science training to use. We talk about Jan’s experience at Duquesne and Fortress, the founding of Toggle AI, how to think about how AI is being applied to the financial world, hiring AI talent, and how to speed run a Ph.D. Please enjoy my excellent conversation with Jan Szilagyi. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. ToggleAI: https://toggle.ai Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, then do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2023 Joe Reilly
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Stan Miranda - Bain Meets the Yale Model at Partners Capital
06/26/2023
Stan Miranda - Bain Meets the Yale Model at Partners Capital
Stan Miranda is the Co-Founder and Chairman of Partners Capital, a global OCIO with $50 billion under management. Stan was previously a longtime director at Bain and chairman of their Worldwide Executive Committee and a co-founder of Evolution Global Partners, a venture capital firm affiliated with Kleiner Perkins and TPG. I was interested to talk to Stan about the very interesting DNA of Partners, and how they engage with their very talented clients, many of whom are private equity partners, endowment heads, and substantial family offices. Stan has thought deeply about the Endowment Model and has written many excellent white papers for Partners, some of which we discuss. We cover the upcoming energy transition and why the route is not Net Zero, how he combined strategic thinking and analysis with the endowment model into the playbook they used to start Partners, how private equity partners manage their own personal money, and the transitions they go through in their own lives, and how Stan thinks about alternatives to alternatives. Please enjoy my excellent conversation with the engaging Stan Miranda. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. FULL BIO: Stan Miranda founded Partners Capital in 2001 and is Chairman of the firm’s Board of Directors. He was previously the Chief Executive Officer from 2001 until June 2020 and also held the Chief Investment Officer position until 2016. He is a member of the firm’s Global Investment Committee and has been the senior advisor to the Private Equity asset class team since the firm’s founding. Previously, Stan was a Co-Founder and Managing Director of Evolution Global Partners, a Kleiner Perkins, and TPG affiliated venture capital firm; Director of Bain & Company and member of its Worldwide Executive Committee (Chairman in 1997-98); member of Bain & Company’s Private Equity Practice and Private Equity Investment Committee member; and Certified Public Accountant. Stan holds an MBA from Harvard. Partners Captial White Papers: https://partners-cap.com/insights/ Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, then do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2023 Joe Reilly
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Paul Edelman - Conceptual Thinking
06/02/2023
Paul Edelman - Conceptual Thinking
Paul Edelman is a psychologist who has worked with some of the world’s most successful hedge fund managers. Today we take a deep dive into how psychological techniques can be used to look for investment managers, how Paul applied what he learned from great mentors to filter for the investment management skill set, the importance and uncovering of conceptual and probabilistic thinkers, and why you shouldn’t use Myers Briggs. We get a bit into some very interesting weeds including some history of psychology and analytical concepts, but Paul has a great way of tying it all together to more deeply understand how people think about markets and interact with each other in high-pressure situations. Please enjoy my fascinating conversation with Paul Edelman. FULL BIO: Paul Edelman is a coach and facilitator at Edelman & Associates in Boston, who helps individuals, families, and family businesses to be more effective in achieving their goals. He especially enjoys working with family enterprise members on developing the collaborative problem-solving and decision-making skills needed for success in family and business leadership and governance roles. Paul holds a BS in Physics from MIT and a PhD in Personality and Developmental Psychology from Harvard University where his teaching and research focused on group dynamics. More information is available at CONNECT:. WEBSITE: NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. Psychologists mentioned in the podcast: Robert Freed Bales (SYMLOG), and Elliott Jaques. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964247 If you like this show, then do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it. ©2023 Joe Reilly
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Rebecca Patterson - Talking to Everyone is a Gift
05/11/2023
Rebecca Patterson - Talking to Everyone is a Gift
Rebecca Patterson was most recently Chief Investment Strategist at Bridgewater Associates where she was on the Executive Committee and was a frequent author of Bridgewater’s Daily Observations. Previously, she was CIO of Bessemer Trust, overseeing $85 billion in client assets. Before joining Bessemer, she worked globally for JP Morgan where she was Chief Investment Strategist and ran the private bank’s global currency and commodity trading desk. Rebecca actually started out as a journalist for the St. Petersburg Times and Dow Jones. Rebecca is a member of the Council on Foreign Relations and is Chair of the board of the Council for Economic Education. Investors and policy makers all want to hear what Rebecca thinks, but today we discuss how she thinks. How she does her analysis of the markets and economic issues, how she wrote the Daily Observations at Bridgewater, and how her experience in journalism taught her to rapidly assimilate data and opinion to form a coherent and useful narrative. Please enjoy my engaging conversation with Rebecca Patterson. NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening. COUNCIL FOR ECONOMIC EDUCATION: https://www.councilforeconed.org FULL BIO: Rebecca Patterson was most recently Chief Investment Strategist at Bridgewater Associates. In this capacity, she helped shape the firm’s agenda for researching and building systematic strategies to trade global financial markets and was responsible for overseeing the development of new investment solutions. Rebecca was a frequent author of Bridgewater’s Daily Observations and met regularly with investors and policymakers. She was also a member of Bridgewater’s Executive Committee, Investment Committee, and Commercial and Business Strategy Committee, in addition to being a Partner and helping to lead the firm’s Diversity & Inclusion (D&I) efforts. With more than 20 years of investment management experience, Rebecca came to Bridgewater after serving as Chief Investment Officer at Bessemer Trust, where she oversaw $85 billion in client assets. She was also a member of the firm’s Management Committee and helped launch its D&I Committee. Before joining Bessemer in 2012, she spent 15 years at JP Morgan where she worked as a researcher in the firm’s investment bank in Europe, Singapore, and the US. She also served as a Chief Investment Strategist in the firm’s asset management arm and ran the private bank’s global currency and commodity trading desk. Rebecca is currently a member of the Council on Foreign Relations and the Economic Club of New York and is Chair of the Board of the Council for Economic Education. She is on the board of directors of the Bretton Woods Committee. She has served on the New York Federal Reserve’s Foreign Exchange and Investor Advisory Committees and served on and chaired the University of Florida’s Investment Corporation’s Advisory Board. Rebecca has been named to American Banker’s Most Powerful Women in Finance for six consecutive years. She holds an MBA from New York University, an MA in International Relations from The Johns Hopkins University School of Advanced International Studies, and a BS in Journalism from the University of Florida. She is married and has two teenage girls. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. FOLLOW JOE: WEBSITE: INHERITANCE PODCAST: https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, then do me a favor and send it to someone you think would enjoy it. Just copy the link into an email or text. I appreciate it.
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