Funds that Won

In this episode, we are flipping the script. My long-time friend and colleague, Bridger Pennington interviews me about Fund Launch Partners, a GP stakes fund launched just this month. We get into the nitty gritty of this kind of fund, our investment thesis and what I see in the future.

[00:00:58] GP stakes Fund Launch Partners.

[00:03:22] The Greenwich Economic Forum.

[00:08:03] Emerging managers and outlandish returns.

[00:10:46] Betting on the jockey.

[00:13:09] GP stakes industry.

[00:18:59] Returns for limited partners.

[00:21:15] GP stakes fund explanation.

[00:25:10] Long-term partnership with portfolio funds.

[00:28:16] Emerging managers in turbulent times.

[00:30:55] Partnering with FunLaunch and beyond.

[00:34:20] Favorite business book.

[00:39:29] GP stakes fund expansion.

[00:42:06] Growing up and empathy.

[00:46:17] Life's suitcase and its contents.

[00:48:07] Be intentional about your suitcase.

In this episode of Funds That Won, Lincoln dives into the success story of Ken Griffin and his hedge fund Citadel. With $67 billion in assets under management and $16 billion in net income last year, Citadel has become one of the giants in the hedge fund industry. We explore how Ken started trading in college and discovered a successful convertible bond trading strategy that propelled his success. Tune in to learn more about Citadel's products, strategies, and how they ultimately became winners in the hedge fund game.

Don't forget to rate and review!

[00:01:37] The convertible bond trading strategy.

[00:04:12] Citadel's near bankruptcy.

[00:08:09] Ken's robust empire and strategies.

[00:11:15] Phone carrier example.

In this episode of Funds That Won, Lincoln interviews the co-founder of JNR Capital, a successful investment firm specializing in buying distressed and value-add hotels. With a track record of completing $200 million in transactions, JNR Capital leverages deep-rooted relationships with industry executives, local lenders, banks, and general contractors to transform hotels into highly profitable establishments with renowned brands like Marriott, Hilton, and Best Western. Jignesh discusses the dynamics of running a family business. Tune in to gain insights into the strategies, structures, and best practices employed by JNR Capital in the alternative investment landscape.

Learn more on our YouTube and don't forget to rate and review!

https://www.youtube.com/channel/UC1_NBRSd-yIX6tyg31RzCew

[00:02:04] Going into business with family.

[00:04:12] Succession planning and growth.

[00:10:32] Hotels as a cyclical business.

[00:12:15] Hotels as a combination of real estate and operations.

[00:18:41] Franchised mid-scale to upscale hotels.

[00:21:08] The impact of Airbnb.

[00:24:44] Dealing with challenging guests.

[00:29:15] Lower interest rates in hospitality.

[00:33:00] Loyalty Programs in Franchises.

[00:34:17] Capital improvements and franchise requirements.

[00:38:47] Raising money in hospitality.

[00:42:15] In-house vs outsourced services.

[00:47:29] Future objectives and growth.

[00:49:01] Investing in different asset classes.

[00:53:04] Aligning goals for personal success.

[00:57:19] Having the grit to succeed.

In this episode of Funds That Won, we dive into the world of private equity with Krystof Bartos of Guardians of Legacy Private Equity, who shares his insights on buying businesses, managing them, and starting a private equity firm. He discusses his strategy for raising capital and where private equity fits into a portfolio. Krystof's success is attributed to his proof of concept with his own money and his confidence in what he knows while remaining humble about what he doesn't. Tune in to learn more about the world of private equity and the strategies behind building a successful investment fund.

[00:00:56] Proof of Concept and Success.

[00:07:11] Purchasing businesses with creative financing.

[00:09:38] Small business acquisition strategy.

[00:12:00] Taking care of legacy.

[00:16:57] Uncorrelated investments and diversification.

[00:19:09] Retirement and small business ownership.

[00:24:10] Add value and business karma.

[00:27:58] LinkedIn as the best place.

In this episode, we dive into the life and career of Bill Ackman, a prominent figure in finance. From his early days starting his hedge fund with $250,000 to managing billions of dollars, Ackman's journey is filled with ups and downs. We explore his investment strategies, including his focus on value investing and his ability to identify companies trading below their intrinsic value. Join us as we discuss Ackman's notable deals and his presence in both the financial and political spheres.

In this episode, Lincoln discusses Fundrise, a real estate crowdfunding platform in a throwback to 2022. He talks Fundrise and its history, explaining that it was originally targeted towards accredited investors but now allows anyone to invest for as little as $10. Overall, the episode explores the concept of real estate crowdfunding and the potential benefits it offers.

[00:01:23] Fundrise crowdfunding explained.

[00:03:09] REITs and high dividends.

[00:06:09] Real estate digitization and integration.

In this episode of Funds That Won, Lincoln interviews Dustin Gomez from the Geauxmez Group. Dustin shares his journey from corporate leadership to real estate investing. Dustin is a member of the Fund Launch community! He is a member of the Black Card program, where we help emerging managers launch and scale their funds. He discusses how he started investing in real estate, initially converting his first home into a rental property. Over time, he saw the benefits of this investment and continued to buy more properties. Tune in to learn from Dustin's experiences and insights in the world of real estate investing.

[00:01:24] Real estate investment journey.

[00:06:30] Scaling up in real estate.

[00:08:36] Roles in property management.

[00:11:33] Long-term buy and hold strategy.

[00:16:30] Understanding insurance policies.

[00:22:14] Tokenization of assets.

[00:23:15] Crypto tokenization.

[00:29:28] Wake up early and read.

[00:31:23] Building schools and libraries.

More on Funds that won: www.fundlaunch.com/fundsthatwon

Visit our YouTube for more on investment funds: https://www.youtube.com/channel/UC1_NBRSd-yIX6tyg31RzCew

You can join our discord community this week! It is typically closed but we are opening for ONE HOUR this Thursday. Join the waitlist here: https://www.fundlaunch.com/wsr-launch--47111?sl=cf2homepage?sl=linktree

In this episode of Funds That Won, we learn about Axia Partners, a real estate fund that focuses on mitigating risk for its investors. Lincoln interviews Dave Allred of Axia Partners, who shares his journey from doing syndications to investing in real estate funds. He emphasizes the importance of building a strong reputation and protecting investor capital. Axia Partners, which launched two and a half years ago, has successfully maintained a track record of never losing a dollar in investor capital. Tune in to learn more about their mission and core values.

[00:02:02] Mitigating downside risk.

[00:03:31] True diversification and benefits.

[00:07:08] Syndication vs. Fund Model

[00:12:27] Velocity of money and 1031 exchange.

[00:13:19] Real estate tax strategies.

[00:17:06] Tying purpose to financial goals.

[00:20:14] SPVs and investment diversification.

[00:24:09] Creating value and impact.

[00:27:40] Scaling and building something special.

[00:32:03] Full ownership of the process.

[00:34:08] Experiential investing.

[00:38:30] Creating modern value add.

[00:41:28] Transparency in investment firms.

[00:43:33] Learning from industry experts.

[00:47:18] Heavy value add and distributions.

[00:51:23] An interesting time.

[00:53:13] Thinking bigger in real estate.

[00:56:34] Running with the bulls.

[00:59:01] Educational purposes and legal advice.

Lincoln emphasizes the Ray Dalio's belief of the importance of principles and stress testing them to improve decision-making and increase the likelihood of success. He believes that by clearly defining principles and subjecting them to rigorous testing, individuals can enhance their ability to make informed decisions and achieve positive outcomes.

Dalio's approach involves meticulous documentation of trends and patterns, which are then analyzed using algorithms to understand cause-effect relationships. By studying numerous cases and identifying the underlying principles behind how things work, one can develop a set of principles for effective decision-making. This systematic approach provides a better understanding of probabilities and significantly improves the chances of success.

Furthermore, Dalio's emphasis on principles extends beyond investing and applies to all aspects of life. His book on principles serves as a comprehensive guide for navigating various challenges. By applying a principles-based approach to decision-making in all areas of life, individuals can enhance their decision-making skills and increase the likelihood of achieving desired outcomes.

Overall, the episode highlights the significance of explicitly defining principles and subjecting them to stress testing. This approach leads to improved decision-making and a higher probability of success, both in investing and in life.

Learn more about investment funds and how to become a fund manager at:

https://www.youtube.com/channel/UC1_NBRSd-yIX6tyg31RzCew

[00:02:09]

Ray Dalio's content creation.

[00:06:38]

Making principles.

[00:07:05]

Systematizing investment decisions.

[00:11:50]

Starting funds long term.

[00:14:09]

Adding principles to decision-making.

In this episode of Funds That Won, we explore the inception story and investment approach of Maddix Capital, a unique and novel investment fund. Jake Gubler. Jake is well-versed in M&A, private / public capital raises, and corporate advisory. Before joining Maddix, Jake was the Manager of Corporate Development at Owlet (NYSE: OWLT), where he led M&A, partnership, and strategic analyses and execution efforts. Before Owlet, Jake spent time as an investment banker at Bank of America and Wells Fargo and as an analyst at Peterson Partners, a lower-middle market private equity fund. Jake has executed ~$10 billion of cumulative M&A and equity / debt transactions throughout his career, primarily across the technology and consumer / retail industries.

[00:02:28]

CRM tech platform stack.

[00:03:40]

Negative experience with leverage buyout.

[00:07:52]

Expanding opportunities beyond boxes.

[00:11:49]

Our flexible fund mandate.

[00:16:13]

The hold period and extensions.

[00:18:09] How he got his start.

[00:21:04]

Middle market investment banking.

[00:25:13]

Utilizing debt in acquisitions.

[00:27:30]

Acquiring human capital needs.

[00:31:41] Use of proceeds.

[00:34:00]

Advisors and their role.

[00:37:14]

Sourcing and deal flow.

[00:41:28]

Multi product and strategy.

[00:44:11]

Fund economics and target raise amount.

[00:47:18]

Analytics on market trends.

[00:51:05]

Stage zero and investment process.

[00:56:42]

Business investment pet peeves.

[00:59:23]

Outdoor activities with family.