In this episode of the Alternate View, Matt Hellauer of PTX Capital takes us inside the heart of healthcare venture capital, breaking down how deals are sourced, how founders are evaluated, where valuations are heading, and why healthcare innovation is exploding.

Whether you’re an RIA, sophisticated investor, or just alternatives-curious, this conversation pulls back the curtain on how real venture investors think, from due diligence to portfolio construction to identifying founders who become outliers.

We cover:
• How PTX Capital identifies high-impact healthcare companies
• Why founder psychology matters more than pitch decks
• What LPs misunderstand about venture investing
• The shift from growth-at-all-costs to capital discipline
• How Baltimore’s emerging startup ecosystem is changing the game
• Practical insights for advisors and investors allocating to alternatives

00:00 – Intro
00:45 – Matt Hellauer on PTX Capital’s mission
03:10 – How founders are evaluated
06:25 – The state of venture capital
10:40 – Where healthcare innovation is heading
15:55 – Risk, portfolio construction & LP expectations
21:30 – What advisors should know about private markets
27:00 – Baltimore’s rising startup ecosystem
33:45 – Final takeaways

If you’re looking to deepen your understanding of venture capital, private markets, and the future of healthcare innovation, you’re in the right place.

🔗 Links
All Episodes at: https://AlternateView.FM
PTX Capital: https://www.ptxcap.com

Subscribe to the podcast wherever you listen!

#AlternativeInvestments #PrivateMarkets #VentureCapital #HealthcareInnovation #PTXCapital #InvestingPodcast #RIAs #UHNWInvesting #PrivateEquity #startupinvesting #venturecapitalist #privatecredit #podcast #investingtips

https://youtu.be/3qMyyiooxFo

In this episode of the Alternate View, Matt Hellauer of PTX Capital takes us inside the heart of healthcare venture capital, breaking down how deals are sourced, how founders are evaluated, where valuations are heading, and why healthcare innovation is exploding.

Whether you’re an RIA, sophisticated investor, or just alternatives-curious, this conversation pulls back the curtain on how real venture investors think, from due diligence to portfolio construction to identifying founders who become outliers.

We cover:
• How PTX Capital identifies high-impact healthcare companies
• Why founder psychology matters more than pitch decks
• What LPs misunderstand about venture investing
• The shift from growth-at-all-costs to capital discipline
• How Baltimore’s emerging startup ecosystem is changing the game
• Practical insights for advisors and investors allocating to alternatives

00:00 – Intro
00:45 – Matt Hellauer on PTX Capital’s mission
03:10 – How founders are evaluated
06:25 – The state of venture capital
10:40 – Where healthcare innovation is heading
15:55 – Risk, portfolio construction & LP expectations
21:30 – What advisors should know about private markets
27:00 – Baltimore’s rising startup ecosystem
33:45 – Final takeaways

If you’re looking to deepen your understanding of venture capital, private markets, and the future of healthcare innovation, you’re in the right place.

🔗 Links
All Episodes at: https://AlternateView.FM
PTX Capital: https://www.ptxcap.com

Subscribe to the podcast wherever you listen!

#AlternativeInvestments #PrivateMarkets #VentureCapital #HealthcareInnovation #PTXCapital #InvestingPodcast #RIAs #UHNWInvesting #PrivateEquity #startupinvesting #venturecapitalist #privatecredit #podcast #investingtips

https://youtu.be/OqB2UfpE9Lo

🌱 Farmland: The Next Frontier for Investors 🌱

In this episode of the Alternate View, host and Managing Director of Verdence/RIA+, Matt Andrulot sits down with John Goodreds, Managing Director at Nuveen Real Assets, to dig into one of the most overlooked investment opportunities: farmland.

From inflation protection to long-term growth potential, farmland offers unique diversification benefits that can help investors weather market cycles while tapping into a truly essential asset class.

00:00 – Welcome & Introduction with Nuveen’s John Goodreds
01:00 – What Is Investable Farmland? Explained for Investors
03:05 – Farmland as an Inflation Hedge & Diversifier
06:10 – Nuveen’s Strategy for Farmland Investing
10:15 – Market Trends Driving Farmland Investment Growth
15:20 – ESG, Sustainability & Global Food Demand in Agriculture
18:45 – Long-Term Outlook for Farmland as a Real Asset
22:00 – Key Takeaways on Farmland Investment Opportunities

Whether you’re curious about alternative investments, real assets, or building a more resilient portfolio, this conversation will give you the insights you need to understand why farmland belongs on your radar.

🎧 Listen to all episodes at http://AlternateView.FM

For more information on Verdence/RIA+ and the turnkey solutions for RIAs, Family Offices, and institutions, go to https://ria.plus/.

#FarmlandInvesting #AlternativeInvestments #Nuveen #PortfolioDiversification #RealAssets #InvestingPodcast #WealthManagement #LongTermGrowth #FinancialFreedom #InvestSmarter

https://youtu.be/YGMh8NT-VgY

🎙️ Inside Mezzanine Capital with Greg Barger of NewSpring Capital

Welcome back to The Alternate View #podcast - your front-row seat to the evolving world of alternative investments.

In this episode, host Matt Andrulot sits down with Greg Barger, a leader on the Mezzanine Team at NewSpring Capital, a multi-strategy private equity firm with over 25 years of experience. Discover how mezzanine capital fits into the private equity landscape and why it offers unique opportunities for both investors and growing businesses.

💼 What You’ll Learn in This Episode:
• 01:58 - What exactly is Mezzanine debt? Greg breaks it down in simple terms.
• 03:12 - How NewSpring approaches mezzanine lending and what makes it different from traditional private equity.
• 14:31 - The strategy behind structuring a buyout of equity—how returns are engineered.
• 24:09 - Why the lower middle market offers compelling opportunities for investors.
• 33:05 - What early fund investors need to understand about pacing, liquidity, and performance pressure.
• 38:12 - The role of mezzanine financing in balancing risk and reward in a portfolio.
• 39:21 - How NewSpring sets expectations and measures success.

📍 Whether you're a family office, financial advisor, or just curious about non-traditional investments, this episode delivers expert insight from the inside.

🔗 Resources & Links: https://www.AlternateView.FM
🌐 Learn more about NewSpring Capital: https://newspringcapital.com
🎧 Listen wherever you get podcasts
📩 Subscribe for more!

💬 Have questions about the episode or want to suggest a future guest? Drop a comment below or connect with us on LinkedIn:
https://www.linkedin.com/in/matthewandrulot/

#AlternativeInvestments #PrivateEquity #MezzanineCapital #NewSpringCapital #InvestingPodcast #FinancialEducation #CapitalStack #MiddleMarketInvesting #FamilyOffice #TheAlternateView

https://youtu.be/vu4ov2YWJw4

Unlock the secrets of structured real estate investments with insights from Vik Uppal, founder, CIO, and CEO of Mavik Capital. Get an experienced perspective on navigating the complex world of middle-market real estate credit. Vik shares his journey with host Matt Andrulot, of being a real estate operator and leading a cutting-edge investment firm, emphasizing the importance of risk management and aligning interests with limited partners in today's dynamic market.

How has the withdrawal of traditional lenders opened up unique opportunities for capital investment? Listen in on the strategies behind uncovering assets with robust credit profiles, focusing on risk mitigation and capital preservation. Understand macroeconomic factors like interest rates and political risks, and learn why flexibility and agility are crucial in seizing investment opportunities during uncertain times. Vik also sheds light on the growing demand for restructuring capital, revealing how Mavik Capital steps in with creative solutions.

Mavik Capital's adaptive approach to complex investments is something you'll want to hear. From targeting transactions in the $25 million range to maintaining a proactive business strategy, Vik explains how his firm achieves impressive returns by staying under the radar. With a focus on relationship-driven sourcing, this episode is packed with valuable insights.

https://youtu.be/bzzpxZewA_U

An educational conversation with Derrek Ransford from Pathway Capital sheds light on the intricacies of venture capital, growth equity, global private equity, and buyouts. As a primer, he explains the difference between public and private equity markets.

Derrek breaks down the primary motivations for investors who chase private equity's superior returns, and he provides a comprehensive understanding of what that entails.

He explains the strategic flexibility in private markets, which he believes allows for longer-term strategies and better alignment among stakeholders. Learn about the importance of selecting top-tier managers and how a diversified portfolio can effectively incorporate private equity investments.

Private equity isn't for everyone. There are illiquidity premiums and capital deployment to mitigate risks.

Finally, we explore the timing and fees associated with private equity investments, including the "J-curve" phenomenon and the benefits of co-investments.

https://youtu.be/GAcKTwiQQZQ

Ever wondered how private infrastructure investments can offer stability and steady cash flows amidst volatile markets? Join us as we sit down with Nick Moller from JP Morgan to uncover the intricacies of core infrastructure. You'll gain insights into how regulated utilities, natural monopolies, and long-term contracted investments create a reliable backbone for your portfolio. Nick debunks common myths about infrastructure volatility and commodity sensitivity, revealing the strategic importance of these core assets, especially in an era of aging and outdated infrastructure.

Our conversation takes a global turn, examining the US market’s unique dynamics, including the pivotal role of municipal bonds and the benefits of a diversified approach. We discuss the implications of political changes, regulatory risks, and how the energy transition, bolstered by the Inflation Reduction Act, is reshaping investment landscapes. Learn how private capital is essential for replacing and modernizing infrastructure, and how private investors can align their long-term goals with these critical projects.

Nick defines infrastructure subsectors like digital infrastructure, rail, storage, and renewables, understanding their growth potential and inherent challenges. Each has complexities of expanding the power grid amid rising demands from AI-driven technologies and renewable sources.

Nick and Matt also discuss the impact of ESG factors on infrastructure investments, emphasizing their financial materiality and the role of governance and regulatory plays.

https://youtu.be/amtNSElxds8

Welcome to "The Alternate View" podcast, where we discuss the world of alternative investments with Verdence Capital Advisors Managing Director Matt Andrulot. In this first episode, Matt is joined by Adam Hagfors from Silverview Credit Partners to unravel the mysteries of the private credit markets. As co-founder and CIO of Silverview Credit Partners, Adam specializes in navigating the non-sponsor-backed private debt market, catering to family-owned businesses and entrepreneurs seeking capital. Together, they explore the evolving landscape of private credit, from its exponential growth over the past decade to its diverse range of financing options across sectors. They discuss the value proposition of private credit, emphasizing its role in filling a void left by traditional banking institutions and providing speed, certainty, and direct relationships for borrowers. Amid rapid expansion, it's more important than ever to scrutinize specific sub-sectors to assess long-term viability. 

https://youtu.be/XPU7D2C_w5w