Shows
Private Capital: Intelligence for the Family Office InvestorPeter Kraus - Investing is a Creative ProcessPeter Kraus has occupied a front-row seat to the transformation of modern finance. His journey began not on a trading floor, but in the rigorous world of accounting at Peat Marwick, where he consulted on the bankruptcy of New York City and the historic breakup of AT&T. That foundation led him to a legendary 22-year run at Goldman Sachs, where he rose from a mortgage securities pioneer to Co-Head of GSAM and a key architect of the firm's strategy. He then spent a decade rebuilding AllianceBernstein after they lost half their assets in 2008. Along the way, he and hi...
2026-04-261h 09
Private Capital: Intelligence for the Family Office InvestorSebastian Mallaby - The Infinity MachineSebastian Mallaby, a British journalist, author, and senior fellow at the Council on Foreign Relations, is renowned for his expertise in international economics, finance, and in-depth biographies. He has been a two-time Pulitzer Prize finalist and has authored notable books such as "The Power Law: Venture Capital and the Making of the New Future," "More Money Than God: Hedge Funds and the Making of a New Elite," and biographies of Alan Greenspan and James Wolfensohn. Four years ago, I had the pleasure of interviewing Sebastian on the inaugural episode of the Private Capital podcast, where we discussed "...
2026-04-1546 min
The Inheritance PodcastJill Shipley - The Need for Autonomy“I don't think the system, the family system, can thrive until you focus on the individual.”Jill Shipley is one of the most thoughtful people working today in the family wealth space. She has been working closely with substantial families for years and has many interesting takes on family unity, prenups, secrets, and baggage, how to train wealth advisors, and what the shows Succession and Billions get wrong.Jill Shipley is Managing Director and Head of Family Governance and Education at AlTi Tiedemann Global. Prior to joining Tiedemann, Jill was Senior Managing Director at Cresset Capita...
2026-03-0252 min
Private Capital: Intelligence for the Family Office InvestorKate El-Hillow President and CIO of Russell InvestmentsWhat happens when you apply neural networks to 40 years of proprietary investment data? At Russell Investments, Kate El-Hillow is finding out. By bringing AI into the heart of manager research, El-Hillow is moving beyond human intuition to pressure-test the world's best investors through 'million-trade' simulations. The Private Capital Podcast spoke to Kate about how AI is transforming the way Russell selects managers, filters the global information firehose, and modernizes operations at a legacy firm. We also talk about the complexity of the OCIO business, filtering talent, Kate's litmus test for managers, and how last year's sh...
2026-03-0155 min
Private Capital: Intelligence for the Family Office InvestorChris Heller - The Psychology of Niche AssetsThe term uncorrelated is used so often it tends to lose its meaning. Today we are talking to someone who seeks out truly uncorrelated assets in niches you've never thought of. How do you turn a barrel of bourbon into a predictable financial instrument? And why is women's soccer a more compelling bet than a minority stake in an NFL team? Investors often confuse unusual with risky. According to today's guest, Chris Heller, psychological bias is exactly where the opportunity lies. As a Co-Founder of Cordillera Investment Partners, Chris specializes in exploiting the delta between perceived risk and actual ris...
2026-02-1657 min
Private Capital: Intelligence for the Family Office InvestorFrançois de Visscher - Fourth Generation WisdomThe Private Capital podcast spent a delightful afternoon with François de Visscher, a fourth-generation family member of the Belgian multinational firm Bekaert, which was founded in 1880. François has been a longtime and respected consultant and banker to family offices and family businesses, and it was a real pleasure to listen to his accumulated wisdom. We spoke about what families get right and wrong about direct investing, where families have an edge over private equity funds, and how to compete for top talent against the Street. Most interesting of all were the rules their family created for joining the...
2026-01-3150 min
The Inheritance PodcastFredda Herz Brown - Sustaining the Family EnterpriseToday we have a special guest, veteran family enterprise advisor Fredda Herz Brown. I’ve been wanting to interview Fredda for a while because she is a leader in the space, and her career goes back to the roots of the current theory and practice of family wealth advising. She talks about the evolution of family systems theory going back to Murray Bowen and Nathan Ackerman, the collaborative nature of the field’s development, the importance of self-awareness for consultants, raising children amidst wealth and avoiding entitlement, and balancing separateness and connectedness in the family. We had a very rich co...
2026-01-2053 min
Private Capital: Intelligence for the Family Office InvestorAndré Perold - Beautifully Inefficient MarketsWe think of the markets as complex systems but today's guest André Perold, sees it as a fascinating puzzle of human behavior, asymmetric information, and 'beautiful inefficiencies.' André is a legendary figure in the world of finance. He has worked with Harry Markowitz, Jack Treynor and Bill Sharpe and is a longtime Harvard Business School professor, a board member at Vanguard, and the co-founder of HighVista Strategies. André has spent his career deconstructing how markets work and where they break. In this episode, we discuss the illusion of liquidity, the dramatic rise and fall of internal management at the...
2026-01-0929 min
Private Capital: Intelligence for the Family Office InvestorKathryn Leaf - CEO of Pantheon on the Rise of SecondariesKathryn Leaf is the CEO of Pantheon, a $76 billion private equity firm that has been doing secondaries, among other things, for decades. We had a deep discussion with her about the dramatic growth in the market. Her perspectives on the current state of PE secondaries, as well as evergreen and continuation funds, were fascinating, and the market has a ways to go, she notes: "There has been about $600 billion of capital raised by secondary funds that's servicing a roughly $15 trillion private market asset class." We also talk about doing infrastructure at scale, right sizing funds, finding talent, and the ine...
2025-12-0751 min
Private Capital: Intelligence for the Family Office InvestorAvi Kalichstein - GP Stakes at Hunter Point CapitalToday's guest is Avi Kalichstein, the CEO of Hunter Point Capital. He's deeply invested in the rapidly expanding world of private equity stakes. We delve into the influence of his father, a renowned pianist, and his early career at Goldman Sachs, where he met Chris Flowers, who significantly impacted his career. Flowers sent him to Japan to work on revitalizing Shinsei Bank, which was an education in cultural nuances. We also discuss his meeting with Bennett Goodman and the decision to establish Hunter Point. The conversation also covers the evolution of private equity stakes, their unique approach to viewing...
2025-11-1153 min
Private Capital: Intelligence for the Family Office InvestorLawrence Calcano - The Private Markets RevolutionLawrence Calcano, CEO of iCapital, began his path to finance with a surprising fork in the road, a theater audition on the very same day as his Morgan Stanley interview. That moment set the stage for a remarkable career shaped by both creativity and strategy. Lawrence discovered that the same skills that bring a story to life on stage are just as essential in building successful teams and businesses. From helping to build Goldman Sachs' East Coast Tech Group in the early 1990s when the internet was a "fire hose" of innovation to witnessing the highs of t...
2025-11-0144 min
Private Capital: Intelligence for the Family Office InvestorArjun Raghavan - Returns With ResiliencePartners Capital is a $60 billion asset manager that outsources investments for institutions including family offices, foundations, and endowments. The firm was founded with particularly sophisticated clients, most of them private equity partners, which I covered in my previous podcast with founder Stan Miranda. Today we talk to his successor, Arjun Raghavan, who has continued to grow and expand the firm as well as its thought leadership. We talk about his own personal beginnings in India and his consulting and quant background, then talk about how one builds a global business for high-end clientele, and also discuss their evolved point of...
2025-10-1744 min
Private Capital: Intelligence for the Family Office InvestorShirl Penney - Champions and BreakoutsToday's guest is Shirl Penney, founder and CEO of Dynasty Financial Partners, which is a comprehensive platform that allows wealth advisors to go independent and form their own RIA. Shirl's story starts with a thrift store suit and a bus ticket and leads to the helm of this billion-dollar firm. We start off talking about the inefficiencies and economics of horseracing, Shirl's passion outside of work. We then go through the formation story of Dynasty post-GFC, their early challenges with technology and data, what the decision is like for a team to break out and start their own firm, the...
2025-10-0451 min
Private Capital: Intelligence for the Family Office InvestorAdam Waterous - M&A Mastery in Oil and GasAdam Waterous is the founder of Waterous Energy Fund, the largest private equity fund in Canada's oil and gas sector. He gives us a masterclass on the past fifty years of oil and gas investing. From humble roots and with no background in oil and gas, he pioneered the competitive sales process in Canada, identified the critical shift in the market and technology after 2012, used a value investing strategy influenced by Buffett to build his firm, and tells us about the importance of finding good rock and the power of consolidation. Adam Waterous began his career in ma...
2025-09-2245 min
Private Capital: Intelligence for the Family Office InvestorRoger Ferguson - The Making of a PolicymakerHello and welcome to the Private Capital podcast. I'm Joe Reilly, head of Circulus Group, a network for family offices based in Greenwich, Connecticut. Our next family office summit is on November 20th in New York. It will feature Jose Minaya, Head of Investments at BNY, and former podcast guest Ken Kencel, president and CEO of Churchill Asset Management. Please subscribe at https://circulus.substack.com/ to stay in the loop. Roger Ferguson, former Vice Chairman of the Federal Reserve, has had a compelling professional and intellectual career. In our candid and wide-ranging interview, we learn valuable les...
2025-09-061h 00
Joe Reilly on Drug Testing in AmericaReasonable Suspicion Testing Keeps Your Workplace SafeSend us a textSafety in the workplace hinges on supervisors' ability to recognize potential impairment – but how exactly should they make these critical determinations? Joe Reilly and Tom Fulmer, incoming president of the Substance Abuse Program Administrators Association, tackle this question head-on with practical insights for employers navigating the complexities of reasonable suspicion testing.The conversation reveals a crucial distinction many employers miss: the difference between immediate and non-immediate reasonable suspicion. While immediate situations require swift action based on specific, observable behaviors that suggest current impairment, non-immediate scenarios involve patterns of concerning behavior over ti...
2025-08-1534 min
Private Capital: Intelligence for the Family Office InvestorAndy Unanue - Family Culture and Family CapitalToday we are traveling through one of the great family business stories, that of Goya Foods, the formation of their family office, and the creation of a free-standing private equity firm that focuses on family businesses called AUA Partners. Andy Unanue is the founder and Managing Partner of AUA Private Equity Partners, an operationally focused, lower middle-market investment firm with expertise in supporting and growing family-owned and demographic-driven businesses. Andy is a member of AUA Private Equity's Investment Committee, and under his leadership, AUA has deployed over $600 million of capital to date. AUA's business model...
2025-08-1446 min
Private Capital: Intelligence for the Family Office InvestorJeff Collins - Care Bears and Cargo PlanesThere's a vast landscape of valuable but unconventional assets out there, but how do you find them, filter them, and properly value them? What frameworks can you use to understand them and how can you integrate them into a portfolio? Jeff Collins of Cloverlay, a seasoned investor in niche assets for decades, loves to explore these esoteric and overlooked opportunities. We delve into various topics, including litigation finance, data centers, the intellectual property behind Care Bears, refurbishing cargo planes, purchasing whiskey barrels, and modeling future revenues for Phantom of the Opera. Jeff shares his insights on how he selects...
2025-07-1255 min
Joe Reilly PodcastEp. 74 - Paul Childerley - The Brutal Reality Of Managing The British CountrysidePaul Childerley is an award-winning gamekeeper and multiple world-champion kickboxer. He's been on the screens of millions as she brings viewers along for his hunts, stalks, and shoots. In this episode, we discuss the reality of deer control, pest control, and other tasks that need to occur for the countryside to be managed. We also talk about Paul's kickboxing training and competing, and balancing it with operating a business, how he manages the physical toll of both, how game meat doesn't taste as nice as the supermarket alternatives - and how to get around it...
2025-06-2546 minJoe Reilly on Drug Testing in AmericaEverything employers and individuals need to know about drug testing in 2025Send us a textDrug testing impacts millions of Americans - from employees and job-seekers to probationers and individuals testing for personal reasons. Yet few understand the complex systems behind that cup or swab.Joe Reilly draws from 33 years of industry expertise to demystify workplace drug testing, tracing its evolution from military testing in the 1980s after a shocking USS Nimitz incident to Reagan's Drug-Free Federal Workplace initiative and today's comprehensive programs. He unveils surprising statistics, including that 25% of Americans used illicit substances last year, with an estimated 16% of users employed.The podcast...
2025-06-051h 17
Private Capital: Intelligence for the Family Office InvestorJoan Solotar - Scale as Advantage at BlackstoneJoan 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...
2025-05-0455 min
Private Capital: Intelligence for the Family Office InvestorMark Strauch - Fishing in a Different PondMark 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...
2025-04-0949 min
Private Capital: Intelligence for the Family Office InvestorPaul Carbone - The Advantage of Family CapitalToday 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...
2025-03-301h 00
Private Capital: Intelligence for the Family Office InvestorJason Mudrick - The Debt LandscapeJason 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 ca...
2025-03-1655 min
Private Capital: Intelligence for the Family Office InvestorMatt Fleissig - The Service MatrixToday, 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...
2025-02-2055 min
Private Capital: Intelligence for the Family Office InvestorMichael Fisch - Buying Market LeadersMichael 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 tod...
2025-02-0551 min
Private Capital: Intelligence for the Family Office InvestorJim Tananbaum - AI and the Language of BiologyToday'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 H...
2025-01-1746 min
Private Capital: Intelligence for the Family Office InvestorMark Gerson - Master of NetworksToday'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...
2024-12-2949 min
Private Capital: Intelligence for the Family Office InvestorDavid Salem - Know What You OwnDavid 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 pe...
2024-12-081h 10
Private Capital: Intelligence for the Family Office InvestorJennifer Prosek - Power of StorytellingJennifer 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; bein...
2024-11-1257 min
Private Capital: Intelligence for the Family Office InvestorZoe Cruz - Morgan Stanley to DeFiZoe 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 as...
2024-10-2951 min
The Inheritance PodcastJay Hughes - Wealth is Well BeingWe have a special treat today, an interview I conducted live with Jay Hughes at the recent Southeastern Family Office Forum, or SEFOF, in Atlanta. SEFOF is a remarkable non-profit family office and family enterprise network that is now 14 years old. I had a wonderful time there and met many nice folks. My thanks to Brian Hughes, Bryn Monahan and Betsy Brown and all the volunteers for making this keynote interview possible.
The interview was conducted over a livestream in front of an audience of three hundred, and I do want to address some minor audio issues you...
2024-10-0444 min
Private Capital: Intelligence for the Family Office InvestorMichael Weisz - YieldstreetMichael 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 lea...
2024-09-1651 min
Private Capital: Intelligence for the Family Office InvestorTed Seides - Private Equity DealsToday'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 fif...
2024-09-0653 minJoe Reilly PodcastEp. 52 - Matt Stephens - The Man Behind The MicrophoneMatt Stephens is an ex-professional cyclist and GCN presenter who now commentates and presents for Eurosport, Sigma Sports, Zwift and many other outlets.
We’ve all indirectly spent hours in Matt’s company through his work at GCN and Eurosport, and so I wanted to get a flavour of the man behind the microphone. We ended up having a broad-ranging conversation including some cycling topics, and some non-cycling topics such as language, art, reverence, and culture.
Matt gives an insight into his time in the police and how that helps him host conversations with the bigge...
2024-08-2948 minJoe Reilly PodcastEp. 51 - Ioannes Chountis de Fabbri - An Introduction To The Politics & Philosophy Of Edmund BurkeIoannes Chountis de Fabbri returns to the to discuss the life, politics, and philosophy of Edmund Burke. Ioannes wears many intellectual and academic hats and we discuss his background, work in the House of Lords, and books on Lord Byron in Episode 49.
The first ten minutes Ioannes provides a historical account of Burke's life, and then we delve into some of his ideas and writings. Why did he think the French Revolution destroyed the fabric of good society? Why was he in favour of the aristocracy? What did he mean when discussing the “little pla...
2024-08-2253 minJoe Reilly PodcastEp. 50 - Noah Dines - Skiing 3 Million Human Powered Vertical Feet In One YearNoah Dines is a skier who is on a mission to ski 3 million human-powered feet in one year. That means skiing uphill - without the aid of a chairlift - some 10,000 feet or 3000m every day. Noah has been chasing winter to accomplish this world record and has skied 5-8 hours every day across Europe, North America and now Chile. We discussed the challenge, his daily routines, ethos, how he occupies himself, why Friend Vert is free vert, his nutrition and, of course, some classic war stories in there too.
I’ve linked his Strava below...
2024-08-1530 min
Private Capital: Intelligence for the Family Office InvestorGreg Fleming - Rockefeller Capital ManagmentGreg 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...
2024-08-1157 minJoe Reilly PodcastEp. 49 - Ioannes Chountis de Fabbri - House of Lords Advisor & Lord Byron BiographerIoannes Chountis de Fabbri is an academic, House of Lords advisor, biographer of Lord Byron, has three master's degrees and is currently completing a PhD in Intellectual History specialising in Eighteenth-Century history of political ideas. And that is just scratching the surface.
Ioannes was fascinating to talk to and he gives a real insight into the work which goes on in the House of Lords. In this episode, he provides a thorough and concise history of the British upper Chamber from its conception to the modern day, with all of the reforms and changes t...
2024-08-0843 minJoe Reilly PodcastEp. 48 - Ralph Allwood MBE - Choral Music & Why It MattersRalph Allwood who is a British choral conductor, composer and teacher. Ralph was the Director of Music at Eton College for 26 years, has conducted over 40 choirs for the BBC, and now on a mission to make music and singing accessible to as many people as possible.
We discuss a wide range of topic in this episode: should we change the British national anthem? Is the experience of singing Handel the same as someone at a Taylor Swift concert? Why the term classical music should be banned? The history behind the Jerusalem hymn, and why...
2024-08-0140 min
The Inheritance PodcastChristian Stewart - Succession as a Design Process
Christian Stewart is a consultant in Hong Kong who started Family Wealth Legacy to help successful Asian families establish communication platforms and decision making structures for their family enterprise. Christian works with enterprising families as a process consultant, coach and family meeting facilitator. He helps families to form their own family council, family constitution and family policies, often in the context of planning for succession. He is a prolific author of excellent articles, which are available on his website, and the winner of many awards recognizing his thought leadership.
...
2024-07-1555 min
Private Capital: Intelligence for the Family Office InvestorKen Kencel - President and CEO of Churchill Asset ManagementKen 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...
2024-07-0751 min
Private Capital: Intelligence for the Family Office InvestorJason Schwarz - Wilshire's Content EngineJason 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 o...
2024-06-2840 min
Private Capital: Intelligence for the Family Office InvestorAnthony Scaramucci - The Capital ArtistAnthony 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 wor...
2024-06-0852 min
Private Capital: Intelligence for the Family Office InvestorScott Sperling - Co-CEO of Thomas H. Lee PartnersScott 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 alt...
2024-05-0349 min
The Inheritance PodcastKeith Whitaker - Cycle of the GiftKeith Whitaker is an educator who consults with leaders and rising generation members of families with significant wealth.
We had an interesting conversation touching on Plato, Aristotle, Aquinas, but also on Keiths long practical experience working with the wealthy. We talk about the cycle of the gift in families, the concept of magnificence, and his work on books with Jay Hughes, Paul Schervish on Wealth and the Will of God and his recent collaboration with Tom McCullough on the Wealth of Wisdom books.
Keith is Managing Director of Wise Counsel Research. He is...
2024-04-1152 min
Private Capital: Intelligence for the Family Office InvestorMichael Tiedemann - CEO of AlTi Tiedemann GlobalMichael 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 c...
2024-04-0557 min
Private Capital: Intelligence for the Family Office InvestorAlex Chaloff - CIO of Bernstein Private Wealth ManagementAlex 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 c...
2024-03-2148 min
Private Capital: Intelligence for the Family Office InvestorMark Hurley - Welcome to the Wealth Management JungleToday 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 P...
2024-02-2359 min
The Inheritance PodcastJohn A Warnick - Purposeful Planning“Generativity is the human impulse to nurture, to do good things for the next generation and to see myself, my life, in a sense, being extended through the possibilities in my children and grandchildren.”
Today, in conjunction with the James E Hughes Jr. Foundation, I’d like to present my interview with one of Jay’s longtime collaborators John A. Warnick. John A., as he is known, is the founder of the Purposeful Planning Institute, which trains lawyers, financial planners, trustees, and wealth managers to work with clients on their planning that is congruent with thei...
2024-02-1652 min
Private Capital: Intelligence for the Family Office InvestorSteffen Pauls - Future of Private EquitySteffen 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...
2024-02-0853 min
Private Capital: Intelligence for the Family Office InvestorCasey Whalen - Lessons from David SwensenCasey 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 wi...
2024-01-251h 01
The Inheritance PodcastGeorge Marcus - Lives In TrustGeorge Marcus wrote a book you probably haven’t heard of, but should. It is called Lives in Trust and it was published in 1992 and is $146 on Amazon right now.
Professor Marcus is an anthropologist who studied tribes in Tonga and then applied what he learned to study dynastic wealth in families starting in Texas. The book has great essays on the HL Hunt family, who tried to corner the silver market in 1980, the Bingham family, who fought over a newspaper chain in Kentucky, a study of two very different family fortunes in Galveston Texas...
2024-01-191h 08Joe Reilly PodcastEp. 24 - Andrew Shaw - How To Break Bad Habits & Understand YourselfAndrew Shaw is a physiologist who helps people change their bad habits and make positive changes.
Andrew has a unique style and delivery of messages and advice which has garnered some amazing results as he’s now one of the fastest growing Instagram pages out there.
I wanted to sit down with him and pick his brains on the issues he talks about and go deep in the advice he gives.
In todays episode cover topics such as: why you shouldn’t go for a walk to think, the three steps to build a habit, what’s experiential avoidance and why it...
2024-01-1159 minJoe Reilly PodcastEp. 23 - Luka Grey - 10 Ways To Become More CharismaticLuka Grey is a charisma coach and content creator. I took 10 of the titles from Luka’s videos and asked him to expound on each, at the end of the episode you’ll know:
- why charisma matters
- Why it’s important to call yourself charismatic even if you’re not
- What’s self-aggrandisement and how you should implement it into your life
- Why Luka rejects most clients
- And how to unwire your limiting self beliefs
And much, much more. Don’t forget to subscribe and follow the show, and it you haven’t already, give it a 5 star ra...
2024-01-0831 minJoe Reilly PodcastEp. 22 - Justin Hast - Everything You Need To Know About WatchesJustin Hast is writer, presenter, collector, and all-round watch enthusiast.
Watches has always been a topic which fascinates me but one I knew little about, and so it was an absolute pleasure to sit down with Justin and treat him as my agony aunt, and ask all of those questions I’ve been dying to ask someone in the know.
We talk about the differences in watches, from a pilots watch, to a sports watch, to a divers watch. Tips on buying your first watch, and for buying one for your partner. I ask urban myths like if Tudor watches ar...
2024-01-0343 minJoe Reilly PodcastEp. 21 - Hollie Jenkins - The Edinburgh SpanielsHollie Jenkins runs the Instagram page “The Edinburgh Spaniels” where she posts about her adventures with her two working cocker spaniels, Hugo and Spencer.
Hollie started documenting her canine adventures when she completed all of the Scottish Munros, 269 of which were with her fluffy friends by her side.
In this episode, we talk about everything to do with Hugo and Spencer - hiking and running with them, their training, different personalities, whether or not cocker spaniels are for everyone, what’s it like to camp with the dogs in the tent, how she handles the two endurance machines when living in a c...
2023-12-2637 minJoe Reilly PodcastEp. 20 - Joshua Al-chamaa - The Funniest Athlete In CrossFitJoshua Al-chamaa is a professional CrossFit athlete and captain of the Fittest Team On Earth.
We cover an unbelievably wide range of topics in this episode, from the serious: behind-the-scenes at the CrossFit Games, training routines, nasal only breathing, maximising performance whilst being a new father, have we had peak CrossFit with events like Hyrox taking hold, and why his background as a dancer helps him today lifting weight.
To the not so serious: why Joshua doesn’t want to cut his hair, why he loves working out in half-tights, why rapping 50 once got him on the podium, his view on...
2023-12-1950 minJoe Reilly PodcastEp. 19 - Damian Hall - Ultras, Hallucinations & Greenwashing In SportsDamian Hall is an ultra-runner, author, coach, and environmental activist.
As we approach the new year, you may start thinking about your fitness goals for 2024. Well, how does a 268 mile trail running race across the U.K, in the middle of January sound? No? Well, Damian is gearing up for the aforementioned Spine Race for the 5th time.
We talk about his prep leading into the race, hilarious tales of hallucinations when racing, why spreadsheets suck, Damian’s thoughts on headphones in races, how his love of tea impacts his races, and classic examples of greenwashing in the running industry.
Ma...
2023-12-1436 min
The Inheritance PodcastGunther Weil - Living in the WorldToday we are speaking with Gunther Weil. Gunther has known some of the 20th century’s most interesting psychologists including Carl Rogers, Abraham Maslow, Gordon Allport, Timothy Leary and Henry Murray as well as such names as Tony Robbins and Eckhart Tolle. We talk about them, his journey in and out of the psychedelic world, and his later work with Jay Hughes and John A Warnick at the Purposeful Planning Institute, where he was their longtime Dean of Values. Gunther is a deeply thoughtful guest and his reflections on life, values, transcendence, grace and his own experiences of the vario...
2023-12-111h 10Joe Reilly PodcastEp. 18 - Allie Ostrander - Balancing Performance & Content CreationAllie Ostrander is a professional runner, mental health advocate, and content creator.
This episode takes a deep dive into all sorts of topics from Allie’s journey with an eating disorder and how sharing her story has helped, how applying abstract philosophy can help your training, Allie’s thoughts on balancing social media and performance, why 28km is not a short race, what Killian Jornet is really like, and are all athletes influencers when you look at it from first principles?
We have some great guests coming onto the show, so make sure to subscribe so you don’t miss an epi...
2023-12-1149 minJoe Reilly PodcastEp. 17 - Will Bowyer - Inside The World Of Sports LawWill Bowyer is a sports lawyer at the London firm, Lawrence Stephens.
Have you ever wondered what goes on behind the scenes for a big football transfer? The contracts, laws and agreements? Or what the role of sports agents are and how they work in the world?
Will gives us a behind-the-scenes look at all of the background work which goes into keeping the sporting circus on the road. He shares insights and details having personally worked with household names transferring clubs. Explains just how lucrative boot deals are in the Premier League, gives details to the different personalities in...
2023-12-0440 minJoe Reilly PodcastEp. 16 - Glen Weinstein - Why You Should Train With KettlebellsGlen Weinstein is a kettlebell coach, back-pain specialist and fitness trainer.
In todays episode we talk about, why our training aims should revolve around being the most pain-free 80 year old possible, why 20 minutes of Kettlebell work 4-5 times a week is more than enough, how to deal with back pain, should consider barefoot shoes, and why consistency is your superpower.
Glen puts a lot of his content for free on Instagram and YouTube, so make sure to check him out after the show.
Enjoy the episode.
Find me on Instagram: https://instagram.com/joe.reilly?igshid=MTNiYzNiMzkwZA%3D%3D&utm...
2023-11-3057 minJoe Reilly PodcastEp. 15 - Mike Foppen - How To Run 5km In 13 MinutesMike Foppen is a professional middle distance runner, Olympian, Nike Athlete, and holds the Dutch 5000m record in 13:05.
Have you ever wondered what goes on inside the heads of athletes as they race? Or wondered what their go-to pieces of advice would be to become faster at running? Or what you have to do in order get a contract with Nike?
Have you ever considered the value of a training plan, or even having a training plan for when you’re injured?
Well, you’ll find out that and much more in this episode.
Mike hails from the Netherlands and we c...
2023-11-2743 minJoe Reilly PodcastEp. 14 - Francesco Puppi - Life As A Professional Trail RunnerFrancesco Puppi is a world champion and Nike sponsored trail runner.
In this episode, Francesco has some great insights on when to seek outside help, how to balance the pain cave in training, and the main differences in the US vs Europe when it comes to running. He also had a fascinating insight as to why you should race shorter distances, and not just complete ultras. We discussed all that and many other topics.
We have a host of great guests coming onto the show, so don’t forget to hit the subscribe button to ensure you don’t miss out...
2023-11-2339 minJoe Reilly PodcastEp. 13 - Simon Tolhurst - Lessons From Drawing Over 3000 PeopleSimon Tolhurst is a portrait artist and painter who has drawn thousands of people from all backgrounds.
We talk about how art can change the way you view the world, the difference in painting and drawing, where art newbies like me can start, his method and takeaways from sitting down with such a breadth of people, and what he means by the “eye sees and the hand reacts”.
The student portraits we talk about in this episode are currently part of a group exhibition in St Pancras called 'Eleven Camden Voices'.
Simon is also planning an open studio on 8th/9th D...
2023-11-2042 min
Private Capital: Intelligence for the Family Office InvestorRyan Eisenman - The Challenge of DataToday 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...
2023-11-1942 minJoe Reilly PodcastEp. 12 - Finn Crockett - Consistency, Crashes & The Commonwealth GamesFinn Crockett is a professional cyclist and Commonwealth Games medalist.
Finn and I go way back to racing as juniors on the same team and have shared many thousand kilometres of road training and racing together. It was great to get a behind the scenes look to his story, the constant setbacks, navigating the fragile British racing scene, taking third at the commonwealth games with some hilarious stories from us both in there.
Make sure to subscribe the the show, we have a host of big-name guests coming on over the next few weeks.
Find me on Instagram: https://ww...
2023-11-1537 minJoe Reilly PodcastEp. 11 - Jamie Blackett - Where Conservation And Eco-Activism DifferJamie Blackett is an author, farmer and conservationist.
We talk about many topics which affect the rural countryside in today's age, such as: re-wilding and if it's any actually better for the environment, the issue of having no apex predators in Britain, why banning fox hunting was not listening to the science, why Jamie has changed his farming methods away from chemicals, how he advocates for conservation of our green and pleasant lands, but why you can't expect him to be at the next extension rebellion protest.
Enjoy the episode.
Find me on:
Instagram: https://www.instagram.com/joe.reilly/...
Find Ja...
2023-10-2741 min
The Inheritance PodcastJay Hughes - Wisdom of the Tribe“Families that are failing spend all their time on power.”
Today's guest is Jay Hughes.
Jay and I had a deep and fascinating discussion about the development of the elder in a family, the importance of the midlife crisis, and transcendent values.
We also discussed many great pioneers in the family wealth field like Joanie Bronfman, Charlie Collier, and Peter Karoff, and we also talked about Matt Wesleys key paper on family culture, which I will link to in the show notes. Jay also mentioned that he is writing a new book...
2023-10-231h 02Joe Reilly PodcastEp. 10 - John Kelly - How To Balance Work, Family & Training For 200+ Mile RacesJohn Kelly is an ultra runner, father of four and tech guru.
John’s accolades are legendary, he’s a twice finishers of the Barkley Marathon, one of only two people in the world to do so. He’s also competed and won several other races, including the 268 mile Spine Race in the U.K.
In this episode, John has some great insights about balancing work, family and training. Why he did 130 reps of his local hill to save time, how the us compares to the U.K. when it comes to runn...
2023-10-2037 min
Private Capital: Intelligence for the Family Office InvestorJon Hirtle - An Uninterrupted Chain of LogicToday 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 regu...
2023-10-2054 minJoe Reilly PodcastEp. 9 - Professor Mike Stroud - Antarctica To The Sahara: Tales And Tips From A Life Of EnduranceProfessor Mike Stroud is an endurance athlete, doctor and researcher.
This was a terrific episode where Professor Stroud told the stories of his year spent on Antartica, attempting to walk to the North Pole, crossing Antartica continent with explorer Sir Ranulph Fiennes, as well as many other epic expeditions.
We discuss the human body and how everyone can access the survival mechanisms to allow them to complete ultra-endurance events, how he wanted to shoot Sir Ranulph Fiennes with the rifle meant for polar bears, how having a short term memory is the best tool for endurance athletes, and how he’s st...
2023-10-1359 minJoe Reilly PodcastEp. 8 - Stafford McDowall - Life As A Professional Rugby PlayerStafford McDowell is a professional rugby player for Scotland and Glasgow Warriors.
We talk about Stafford’s near retirement a few seasons ago, a typical training week for a rugby player, we discuss the stereotypes of club rugby positions and if they’re accurate, the Six Nations, the Rugby World Cup, and why Stafford’s first international cap wasn’t quite what he imagined.
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Instagram: https://www.instagram.com/joe.reilly/...
Twitter: https://twitter.com/joe_r3illy
2023-10-0628 minJoe Reilly PodcastEp. 7 - Boru McCullagh - How To Cycle Around The WorldBoru McCullagh is from London and is currently cycling around the world solo and unsupported.
The 24 year old joins us from Bali as we discuss how his journey has unfolded, being far longer than he anticipated, we talk about the kindness of strangers, what’s been most surprising about the trip, getting Dengue fever and infected eye amongst some other pretty wild war stories.
This episode is a banger, I hope you enjoy.
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Instagram: https://www.instagram.com/joe.reilly/...
Twitter: https://twitter.com/joe_r3illy
2023-09-2959 min
The Inheritance PodcastDr. James Grubman - Wealth 3.0Today we are speaking with once again Dr. James Grubman, an internationally recognized consultant to families of wealth, family businesses, and the advisors who serve them. He is the co-author of one of the buzziest books of the year called Wealth 3.0: The Future of Family Wealth Advising along with Dennis Jaffe and Kristin Keffeler, who I have also interviewed previously on this podcast. I wanted to talk to Jim and get some more color on his attitudes towards wealth advising, the issues with the literature and research in the space, how to escape from a fear-based mindset to one of...
2023-09-2637 minJoe Reilly PodcastEp. 6 - Elliot Philips - Creating Authentic Content With VCLETSGETITElliot Philips is a cyclist, online content creator and gravel racer. He has lots of great insights about those three subjects in this episode.
We talk about everything from working with brands like Rapha and Salamon, life as a privateer racer, the London cycling scene and how he edits his videos.
Buckle up, it's a wild ride.
Find me on:
Instagram: https://www.instagram.com/joe.reilly/...
Twitter: https://twitter.com/joe_r3illy
2023-09-2242 minJoe Reilly PodcastEp. 5 - Isobel P. Williams - The Heroes Of Polar ExplorationIsobel P. Williams is an author and historian of polar explorers such as Captain Scott and Earnest Shackleton. Isobel is writing her fourth book about the brave arctic explorers of the early 1900’s.
We cover topics such as: why men would join these polar expeditions, the duty and sacrifice that was involved, why Captain Scott’s expedition was doomed to fail, his rivalry with Earnest Shackleton and Amundson, why no one ever talks about William Spears Bruce, and much more.
Buckle up, it's a wild ride.
Find me on:
Instagram: https://www.instagram.com/joe.reilly/...
Twitter: https://twitter.com/joe_r
2023-09-1535 min
Private Capital: Intelligence for the Family Office InvestorJan Szilagyi - AI for Portfolio InsightAI 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 o...
2023-09-1053 minJoe Reilly PodcastEp. 4 - Patrick Galbraith - Ethics & Misconceptions About ShootingPatrick Galbraith is an author, editor of the Shooting Times magazine, and involved in many other publications.
In this episode we cover topics such as: the ethics of driven shooting, misconceptions about hunting, why talking to people makes you fall in love with the human spirit, and why Patrick has to walk 12 miles around Canterbury fully naked.
Buckle up, it's a wild ride.
Find me on:
Instagram: https://www.instagram.com/joe.reilly/...
Twitter: https://twitter.com/joe_r3illy
2023-08-2539 minJoe Reilly PodcastEp. 3 - Conor Lynch - Why Is Modern Architecture So Ugly?Conor Lynch is a young classical architect who advocates for beauty to be restored into the architectural craft.
We cover many topics in todays episode, such as: why classical architecture is important and why it isn’t being taught in universities, why beauty doesn’t need a salesman; fox hunting and best of all - Conor’s series 3 Land Rover which he drives around Hampshire with the roof off.
I really enjoyed this episode and I know you will too. Don’t forget to subscribe, we have a new episode every week
Buckle up, it's a wild ride.
Find me on:
Inst...
2023-08-1839 minJoe Reilly PodcastEp. 2 - Tom Chamberlin - Watches, Suits & The Art Of LuxuryTom Chamberlin is Editor of The Rake magazine, the world’s preeminent publication dedicated to the education and empowerment of style.
In this episode we discuss:
- Tom's background leading up to becoming Editor
- Why Apple watches work out more expensive than luxury watches
- 3 do's and don'ts in buying a new suit
- Tom's views on the casualisation of society
And many other topics.
Buckle up, it's a wild ride.
Find me on:
Instagram: https://www.instagram.com/joe.reilly/...
Twitter: https://twitter.com/joe_r3illy
2023-08-1045 minJoe Reilly PodcastEp. 1 - Adam Lane Smith - Your Relationship Needs To Hear ThisAdam Lane Smith has worked for years as a licensed psychotherapist and now focuses his specialty as an Attachment Specialist. Through his new role he has helped thousands of patients and couples to deal with problems from childhood, their relationships and their sex lives.
Buckle up, it's a wild ride.
Find me on:
Instagram: https://www.instagram.com/joe.reilly/?hl=en
Twitter: https://twitter.com/joe_r3illy
0:00 - 1:04 - Intro
1:04 - 6:24 - Examples of Attachment
6:24- 9:56 - Love Languages
9:56 - 13:24 - Poor Communication
13:34 - 16:15 - Male Depression
16:15 - 18:15 - The Backlash Adam Receives
18:25 - 21:45 - Andrew Tate & Male...
2023-08-0347 min
Private Capital: Intelligence for the Family Office InvestorStan Miranda - Bain Meets the Yale Model at Partners CapitalStan 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...
2023-06-2658 min
Private Capital: Intelligence for the Family Office InvestorPaul Edelman - Conceptual ThinkingPaul 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 de...
2023-06-021h 03
The Inheritance PodcastJonathan Pageau - Money and the Symbolic WorldJonathan Pageau is a French Canadian icon carver, public speaker and YouTuber exploring the symbolic patterns that underlie our experience of the world, how these patterns emerge and come together, manifesting in religion, art and in popular culture. He's also the editor of the Orthodox Arts Journal and host of the Symbolic World blog and podcast.
I was looking for someone to talk about Spiritual Captial, and was not disappointed. We talk about how money should be thought of as pure potential, how borrowing “accelerates time” and “pulls from the future.” We also discuss how you can get stuck w...
2023-05-1939 min
Private Capital: Intelligence for the Family Office InvestorRebecca Patterson - Talking to Everyone is a GiftRebecca 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...
2023-05-111h 09
Private Capital: Intelligence for the Family Office InvestorMark Anson - Trade Ticket ExperienceMark Anson, CEO and CIO of Commonfund, is in a unique position to compare and contrast the different investment styles of pension funds, endowments, family offices, and traditional asset managers. We talk about his interesting background starting at Salomon Brothers, then running investments for CalPERS, the Bass Family Office, Nuveen, and Commonfund, why real "trade ticket experience" is necessary to become a good manager, his thoughtful and extensive research into measuring performance - including his practical concept of "lagged beta", and what type of shoes you need in London. Please enjoy my intriguing conversation with Mark Anson. ...
2023-04-2747 min
The Inheritance PodcastChip Fisher - Things That Enrich Your LifeToday I am very pleased to have Chip Fisher, CEO of Fisher Wallace Laboratories and head of Ursus Advisory, a peer to peer consultancy for young adults with inherited wealth.
Chip is an inheritor himself, and also an accomplished entrepreneur and philanthropist. He is currently CEO of his third company, Fisher Wallace Laboratories which makes medical devices, but he has also branched out into private consulting to counsel inheritors based on his own experience. Chip’s father was Avery Fisher, founder of Fisher Electronics which was a major midcentury high fidelity electronics firm and buil...
2023-04-2054 min
Private Capital: Intelligence for the Family Office InvestorLogan Allin - Fintech B2B SaaS Plus at FinVCToday we are speaking to Logan Allin, founder and managing partner of FinVC, a global fintech firm investing in B2B SaaS companies with over $1 billion in assets under management. Prior to founding FinVC, Logan was a vice president at SoFi Ventures and has had advisory and operating roles at Light Street Capital, Formation 8, Zanbato, Addepar, Point Finance, and ONEHOPE. He began his career in consulting for Capgemini and held leadership positions at PWC, City National Bank, and Atlantic Trust. Logan was educated at Duke and Stanford. We talk today about Logan's interesting career, his outlook for fin...
2023-04-1156 min
The Inheritance PodcastEric Schoenberg - You Can't Take It With YouOur interview today is with Eric Schoenberg, who is one of the very few people deeply exploring inherited wealth in academia, and we cover his own inheritance and family life, why he became interested in studying wealth, economic concepts like the bequest motive, revealed preferences, and the wonderfully named “spite clause” as well as Eric’s considered thoughts on why people do what they do with their fortunes. He also speculates on who was the wealthiest American ever, and it is not who you think.
Eric Schoenberg was educated at Harvard, received an MBA from Wh...
2023-04-071h 04
Private Capital: Intelligence for the Family Office InvestorMichael Sidgmore - Alts Going MainstreamMichael Sidgmore is a co-founder and partner at Broadhaven Ventures, which is part of Broadhaven Capital Partners. Michael is a leading expert in the alternatives going mainstream movement in fintech and was an early employee at iCapital. He was an early investor in Carta, MoneyLion, Republic, Nowports, Pipe, and Allocate, among many others. He was educated at Middlebury and the London School of Economics and started his career working on the Goldman Sachs Principal Strategic Investments team. I was looking forward to talking to Michael about the great interest in fintech platforms providing more access to alternative investments to RIAs...
2023-03-2753 min
The Inheritance PodcastTony Guernsey - Working with Steve Jobs and the Eight Million Dollar ManToday we are talking to Tony Guernsey, former national head of Wilmington Trust wealth management, a longtime senior banker at JP Morgan, founder of the UBS US private bank. Tony wrote an unpublished memoir called Divas, Icons, and Felons with his wisdom and great stories from his distinguished five decades managing money for many wealthy and famous clients such as Steve Jobs, Jay Chiat, and Christo. Tony was very generous to share some of them with me and it is a rare peek inside this often fascinating and eccentric world, but it also highlights the lack of education out...
2023-03-1647 min
Private Capital: Intelligence for the Family Office InvestorChris Miller - Chip WarWe are speaking today with Chris Miller, the author of the international best selling Chip War: The Fight for the World's Most Critical Technology. We talk about the worse case scenario if TSMC went off line, if the race for technology collapsed the Soviet economy, the limits of Moore's Law, and why Morris Chang, the founder of TSMC, should be more well known. Chris Miller is Assistant Professor of International History at the Fletcher School of Law and Diplomacy at Tufts University where he teaches on US-Russian relations. He also serves as Jeane Kirkpatrick Visiting Fe...
2023-03-0823 min