Capital Allocators – Inside the Institutional Investment Industry

By Ted Seides – Allocator and Asset Management Expert

Business Investing

What's Capital Allocators – Inside the Institutional Investment Industry about?

Allocator and asset management expert, Ted Seides, conducts in-depth interviews with leaders in the institutional investing industry. Guests include Chief Investment Officers from leading allocators, asset managers, strategists, thought leaders, and many more. Our mission is to learn, share, and help implement the process of premier investors. Learn more and join our community at capitalallocators.com.

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Alan Forman – Yale Endowmen...

09.25.2023

Alan Forman is the former Director of Real Estate at the Yale Investments Office, where he spent 31.5 years before retiring last year. For three decades, Alan was one of the core four at Yale alongside David Swensen, Dean Takahashi, ...

Capital Allocators – Inside the Institutional Investment Industry episodes:

09.25.2023 Alan Forman – Yale Endowment Real Estate (EP.340) Alan Forman is the former Director of Real Estate at the Yale Investments Office, where he spent 31.5 years before retiring last year. For three decades, Alan was one of the core four at Yale alongside David Swensen, Dean Takahashi, ...
09.18.2023 Muthu Muthiah - Inefficiency and Innovation at CHOA (EP. 339) Muthu Muthiah is the Chief Investment Officer of Children’s Healthcare of Atlanta (CHOA), one of the largest pediatric clinical care providers in the U.S. Muthu stewards CHOA’s $6 billion long term pool of capital, arriving a year ago after stints ...
09.14.2023 Adam Karr – Extreme Alignment at Orbis (EP.338) Today's sponsored insight is with Adam Karr, the President and Portfolio Manager at Orbis, a $35 billion global equity manager founded in 1989 by legendary Fidelity alum Allan Gray. Orbis blends unique business practices with a long-term intrinsic value investment ...
09.11.2023 Marlene Puffer – Canadian Pension Model at AIMCo (EP.337) Marlene Puffer is the CIO of Alberta Investment Management Corporation (AIMCo), where she oversees $160 billion on behalf of 17 pensions, endowments, insurance and government funds in the province of Alberta, Canada. AIMCo is one of the “Maple 8” Canadian ...
09.09.2023 WTT: The Real Yale Model Investors have played the game of telephone with David Swensen’s Pioneering Portfolio Management. Re-reading his book offers insights that differ from interpretations of the Yale Model. Read Ted’s blog here.
09.04.2023 Jenn Birmingham – Organizational Alpha at PRINCO (EP. 336) Today’s show is the most popular episode from our new podcast, Investment Management Operations. Subscribe to Investment Management Operations on Apple, Spotify, or wherever you listen to podcasts. Host Scott McDonald interviews Jenn Birmingham, Managing Director at the Princeton University ...
09.04.2023 [REPLAY] Andrew Golden – Beyond the Long Term (Capital Allocators, EP.13) Andy Golden is the President of Princeton University’s Investment Management Company (PRINCO). Having grown from $3B at the time of his arrival in 1995 to $22.5B today, PRINCO has been among the highest performing endowments in the world. Andy came ...
08.28.2023 Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335) Next week, we’ll release the first episode of Season 3 of Private Equity Deals, this time focusing on deals in the middle market. As an interlude between Season 2 and 3, this week’s show is a classic – it’s Bain ...
08.21.2023 Stan Miranda – Modern Endowment Model at Partners Capital (EP.334) Stan Miranda is the Founder and Chairman of Partners Capital, a $50 billion OCIO that started in 2001 as a solution for private equity founders. Earlier in his career, Stan spent 17 years at Bain & Company, rising to Chairman ...
08.14.2023 Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333) Kimberly Sargent is the Chief Investment Officer of the Packard Foundation where she oversees $10 billion. She is a well-respected member of the Yale diaspora, having started her career under David Swensen. Our conversation covers Kim's time at Yale, some ...
08.10.2023 Michael Carmen – Late-Stage Private Investing at Wellington (EP.332) Today’s Sponsored Insight features Michael Carmen, the Co-Head of Private Investments at Wellington Management. Wellington’s Private Investment platform has $8 billion in committed capital investing across technology, consumer, health care, and financial services. Michael helped launch the firm’s first private ...
08.07.2023 Sachin Khajuria and Brendan Ballou – Private Equity: Profit or Plunder? (EP.331) Today’s show is a panel about the merits of private equity. On one side is Sachin Khajuria. a former partner at Apollo and twenty-five-year veteran of the industry, who recently authored “Two and Twenty.” Sachin was a past guest on ...
08.07.2023 [REPLAY] Sachin Khajuria – Two and Twenty, An Insider’s Take on Private Equity (Capital Allocators, EP.285) Sachin Khajuria is a former partner at Apollo and twenty-five-year veteran of private equity who recently authored “Two and Twenty,” a fantastic insider’s account of the private equity industry. Our conversation covers Sachin’s rationale for writing Two and Twenty, the ...
08.05.2023 WTT: Active Management Today is a Single Decision This WTT: Active Management Today is a Single Decision comes from a few conversations I’ve had recently with CIOs about the underperformance of long only managers who are underweight the magnificent seven. I got me thinking about the ramifications of ...
07.31.2023 Ted Seides – The Art of the Interview (EP.330) After our recent podcast conversation, Matt Breitfelder, Partner and Global Head of Human Capital at Apollo, asked me if he could turn the tables and, in his words, interview the interviewer about interviewing. We did that and added a two-way ...
07.24.2023 Kipp deVeer – The World of Private Credit at Ares (EP.329) Kipp deVeer is a Director and Partner of Ares Management, the $30 billon market cap public company (ARES) that manages $360 billion in assets, including $250 billion in credit. Kipp joined Ares twenty years ago and serves as the Head ...
07.17.2023 Seth Klarman – Timeless Value Investing (EP.328) Seth Klarman is a legendary value investor and CEO and Portfolio Manager of The Baupost Group, an investment firm founded in 1982 that manages $27 billion. Seth authored the very out-of-print Margin of Safety and edited the recently released 7th ...
07.13.2023 Ravi Viswanathan – Venture Secondaries and Growth Capital at NewView (EP.327) Today’s sponsored insight features Ravi Viswanathan, Founder and Managing Partner of NewView Capital (NVC), a venture firm that created a disruptive model for strategic secondary investing that blends portfolio acquisitions with direct investing. Our conversation covers Ravi’s path to the ...
07.10.2023 James Aitken – Opportunities and Risks from Monetary Policy (EP.326) James Aitken is the Founder of Aitken Advisors, a one-man macroeconomic consultancy based in Wimbledon, England that works with one hundred of the most influential pools of capital in the world. James has been a repeat guest on the show. ...
07.10.2023 [REPLAY] James Aitken – Market Implications of the Situation in Ukraine (Capital Allocators, EP.239) James Aitken is the Founder of Aitken Advisors, a one-man macroeconomic consultancy based in Wimbledon, England that works with approximately one hundred of the most influential pools of capital in the world. He has been a repeat guest on the ...
07.10.2023 [REPLAY] James Aitken – Macro Strategist Extraordinaire (Capital Allocators, EP.58) Australian James Aitken is the Founder and Managing Partner of Aitken Advisors, a one-man macroeconomic consultancy based in Wimbledon, England that works with approximately one hundred of the most influential pools of capital in the world. James started his career ...
07.03.2023 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325) Porter Collins and Vincent Daniel are the founders of Seawolf Capital, their family office managed as an old school hedge fund. Previously, they were two of the three members of Steve Eisman’s team at Frontpoint Capital and found themselves in ...
06.30.2023 Investment Management Operations Podcast We’re excited to announce a new podcast set to air next week under the Capital Allocators umbrella – Investment Management Operations. Subscribe to Investment Management Operations on Apple, Spotify, or wherever you listen to podcasts. This show explores the inner ...
06.29.2023 Don Mullen –Single-Family Rentals at Pretium (Capital Allocators, EP.324) This Sponsored Insight features Don Mullen. Don is the Founder & CEO of Pretium Partners, a $51 billion specialized investment firm he started in 2012 to focus on the U.S. housing, residential, and corporate credit markets. In a little over ...
06.26.2023 Matt Breitfelder – Optimizing Investment Performance through Human Capital (Capital Allocators, EP.323) Matt Breitfelder is a Partner and Global Head of Human Capital at Apollo Global Management, where he focuses on attracting and developing extraordinary talent and creating an innovative, high-performance culture. Matt previously served as Chief Talent Officer and member of ...
06.24.2023 WTT – The Impermanence of Permanent Capital "Nothing lasts forever" as the aphorism goes, and such is the case with permanent capital. The quirk in the theoretically sound concept cause some challenges for both managers and allocators. Read Ted’s blog here.
06.19.2023 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322) Eric Resnick is the co-founder and CEO of KSL Capital Partners, a private equity firm launched in 2005 that specializes in the travel and leisure industry. KSL seeks to create remarkable destinations and businesses that inspire joy and awe. The ...
06.14.2023 Breitling on Private Equity Deals Season 2 of Private Equity Deals concludes with one last name you know – luxury watchmaker Breitling. Ever wonder what happens when only the fourth owner of a 140-year old brand steps into the driver’s seat – or in this ...
06.12.2023 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321) Chris Sacca is one of the most accomplished venture investors of the last half century. He founded Lowercase Capital in 2010 and made seed stage investments in Twitter, Uber, Instagram, Blue Bottle Coffee, and Stripe. Lowercase’s first fund famously became ...
06.08.2023 Jim Falbe – Modern Value Investing at Saguaro (Capital Allocators, EP.320) Today’s Sponsored Insight features Jim Falbe. Jim is the founder of Saguaro Capital Management, a newly launched value-oriented investment firm spun out of Vulcan Value Partners that blends traditional value investing with modern AI and data science inputs. Our conversation ...
06.05.2023 Adam Shapiro – Post-Breeding Grounds for Rising Stars and Families (Capital Allocators, EP.319) Adam Shapiro is the Managing Partner of East Rock Capital, where he oversees $3 billion on behalf of a handful of families investing primarily in hedge funds and private deals alongside early-stage sponsors. Adam has recently begun sharing his insights ...
05.31.2023 Mavis Tire Express Services on Private Equity Deals Listen to Mavis Tire Express Services on Private Equity Deals. On Private Equity Deals this week, our 7th and penultimate episode of season 2 features the purchase of longstanding independent tire dealer Mavis Tire Express Services by recently launched private ...
05.29.2023 Hedge Fund Master Class – Craig Bergstrom, Adam Blitz, and Dan Fagan (Capital Allocators, EP.318) Today’s episode is a true hedge fund master class. We convened a panel of three longstanding investors in the space - Craig Bergstrom, CIO and a Managing Partner of Corbin Capital Partners, Adam Blitz, CEO and CIO of Evanston Capital ...
05.29.2023 [REPLAY] Adam Blitz – Inside Hedge Fund Allocation (Capital Allocators, EP.17) Adam Blitz is the CEO and Chief Investment Officer of Evanston Capital Management, a $4.5 billion hedge fund of funds manager with a decade and a half of experience managing hedge fund portfolios. Adam joined Evanston at its inception in ...
05.27.2023 WTT - I Don’t Know I share a bunch of questions on my mind for which my best answer is “I Don’t Know.” These include issues around sovereign debt, asset allocation, an economic slowdown, the stock market, private credit, and life itself.
05.25.2023 Kiyan Zandiyeh – Empty Rooms: Venture Capital on the Emerging Frontier at Sturgeon Capital (Capital Allocators, EP.317) Today’s sponsored insight is another empty room, an opportunity ignored by most investors because they either don’t want to or can’t participate. This time around, we’ll discuss investing where capital is truly scarce - the frontier of the frontier markets. ...
05.22.2023 Amy Falls – From Bonds to Boards to Leading Northwestern (Capital Allocators, EP.316) Amy Falls is the CIO at Northwestern University, where she oversees the school’s $14.2 billion endowment that supports university operations and funds about a quarter of the University’s annual revenue. She also serves on the Board of Harvard Management Company, ...
05.20.2023 Sam Zell – A Tribute to a Legend (REPLAY – EP.253) Last Thursday, we lost Sam Zell, one of the true investment greats and one of the most popular past guests on the show. As a small tribute to the great man and investor, we are replaying my conversation with Sam ...
05.17.2023 Selective Search on Private Equity Deals It’s executive search…for love. On Episode 6 of Season 2 of Private Equity Deals, Brent Beshore from Permanent Equity describes their purchase of the highest end matchmaking firm in the world. When you think of dating, Tinder, Bumble, Hinge, and ...
05.15.2023 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315) Marc is the Chairman, CEO, and Co-founder of Avenue Capital Group, a global investment firm focused on distressed debt that he founded in 1995 with his sister, Sonia Gardner. Almost thirty years later, Avenue manages $12 billion in assets. Our ...
05.11.2023 Richard Craib – Crowdsourcing Data Science for Returns at Numerai (Capital Allocators, EP.314) Today’s Sponsored Insight is from Richard Craib, the Founder and CEO of Numerai, a machine learning-based hedge fund launched in 2015 that crowdsources models from data scientists around the world to predict stock returns, incentivizes participation through cryptocurrency, and centralizes ...
05.08.2023 Tony Yoseloff – Forty Years of Davidson Kempner (Capital Allocators, EP.313) Tony Yoseloff is the Managing Partner of Davidson Kempner Capital Management, a forty-year-old, $40 billion multi-strategy investment management firm that specializes in opportunistic credit and event-driven investing. Tony joined DK twenty-five years ago out of business school and became its ...
05.01.2023 Ashby Monk – Investor Identity, Navigation, and Resilience (Capital Allocators, EP.312) Dr. Ashby Monk is the Executive & Research Director of the Stanford Research Initiative on Long-Term Investing. Ashby has studied and advised the largest asset owners in the world for more than twenty years with a particular interest in how ...
05.01.2023 [REPLAY] - Ashby Monk – Innovation in Institutional Portfolios (Capital Allocators, EP.196) Dr. Ashby Monk is the Executive and Research Director of the Stanford University Global Projects Center. Ashby was named by CIO Magazine as one of the most influential academics in the institutional investing world. His current research focuses on the ...
05.01.2023 [REPLAY] - Ashby Monk – Asset Giant Futurist (Capital Allocators, EP.29) Dr. Ashby Monk is the Executive and Research Director of the Stanford University Global Projects Center. He is also a Senior Research Associate at the University of Oxford, a Senior Advisor to the Chief Investment Officer of the University of ...
04.27.2023 Aaron Sack – Branded Middle Market Investing at Morgan Stanley (Capital Allocators, EP.311) My guest on today’s sponsored insight is Aaron Sack, the head of Morgan Stanley Capital Partners, Morgan Stanley Investment Management’s middle market private equity business. Our conversation covers Aaron’s path to Morgan Stanly sixteen years ago, the strengths and weaknesses ...
04.24.2023 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310) On today’s show, we’ll discuss a continuing empty room – an opportunity ignored by most investors because they either don’t want to or can’t participate. We’ve shared conversations under the theme about investing in Venezuela, Africa, CLO equity, tax assets, ...
04.19.2023 Yahoo on Private Equity Deals Listen to Yahoo on Private Equity Deals. The fifth episode of Season 2 of Private Equity Deals releases today. We discuss Apollo’s purchase of Yahoo a year and a half ago. You heard that right – Apollo bought Yahoo. Yahoo ...
04.17.2023 Mario Giannini & John Toomey – Private Equity Panel (Capital Allocators EP.309) Mario Giannini and John Toomey lead two of the largest private equity fund investors in the world. Mario is the CEO of Hamilton Lane, which manages over $100 billion and supervises another $700 billion in non-discretionary assets, and John is ...
04.17.2023 [REPLAY] Mario Giannini – View from the Top of Private Equity at Hamilton Lane (Capital Allocators, EP.262) Mario Giannini is the CEO of Hamilton Lane, where he oversees nearly $1 trillion of assets under management and advisement in private capital, making it perhaps the largest investor in private equity in the world. Mario joined Hamilton Lane thirty ...

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