Highlights:

What is GP Seeding? Elizabeth explains GP seeding as taking an ownership interest in the management company of an asset management firm and its dual purpose: providing launch capital for new firms or growth capital to undercapitalized ones.

The $300 Million Threshold: The importance of reaching this critical fund size to attract institutional LPs and hire top talent, as well as managing the fixed costs of building a private equity firm.

Investor vs. Firm Founder: Distinguishing the skillsets required to be a great investor versus building a lasting and scalable asset management firm—including operational, compliance, and regulatory expertise.

Core Attributes of Great Firm Founders: Hustle, grit, sector expertise, and the ability to manage team dynamics, alongside a strong investment track record.

Structuring Seed Deals: Avoiding common pitfalls such as static or misaligned participation terms and instead focusing on revenue-sharing constructs tied to performance.

The Evolving Seeding Market: From the role of single-family offices in the early days of GP seeding to the institutionalization of the space, including a projected $80 billion in the GP stakes market.

Scaling a Support Model: How GCM Grosvenor’s Sponsor Solutions balances its high-touch approach with a carefully curated portfolio of eight to nine investments.

The Importance of Relationship-Driven Investing: Why great managers seek true partners who provide strategic value beyond capital, and how GP referrals have been a surprising source of deal flow for Elizabeth’s team.

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Guest Bio:

Elizabeth Browne is the Managing Director and Co-Head, Sponsor Solutions Group & Elevate at GCM Grosvenor, focusing on GP seeding and strategic partnerships with emerging asset management firms. With decades of experience in private equity, Elizabeth is passionate about identifying and supporting the next generation of industry leaders. She brings a hands-on approach to helping founders build institutional-grade firms, emphasizing long-term partnerships and sustainable growth strategies.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

We’d like to thank @ReedSmith for sponsoring this episode!

#VentureCapital #VC #Startups #OpenLP

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SPONSOR:

Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, Reed Smith delivers smarter, more creative legal services that drive better outcomes for their clients. Their deep industry knowledge, long-standing relationships and collaborative structure make them the go-to partner for complex disputes, transactions, and regulatory matters. Learn more at www.reedsmith.com.

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GCM Grosvenor: https://www.gcmgrosvenor.com/

Questions or topics you want us to discuss on How I Invest? Email us at [email protected].

Highlights:

The $84 Trillion Wealth Transfer: Over the next 20 years, baby boomers will pass down $84 trillion to the next generation, with family offices poised to be major beneficiaries.

Professionalizing Family Offices: Ron discusses why many family offices lack the talent to compete with top firms like KKR and Blackstone and emphasizes the need for better compensation models to attract and retain top-tier talent.

The Rise of "Private Capital": Sophisticated family offices are rebranding to "private capital" to differentiate themselves from the fragmented, inefficient traditional family office structure.

Structural Alpha and Tax Strategies: Ron explains how concepts like private placement life insurance (PPLI) and tax-loss harvesting can significantly boost after-tax returns, making them essential tools for family offices.

The Family Office Initiative at Booth: Ron details his work at the University of Chicago Booth School of Business, creating an ecosystem to educate and empower family offices through research and networking.

Raising Grounded Children in Wealthy Families: Ron highlights the importance of modeling humility, instilling gratitude, and avoiding entitlement to ensure the next generation thrives.

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Guest Bio:

Ron Diamond is the founder and chairman of Diamond Wealth, a leading family office advisory firm. He represents over 100 family offices with a collective net worth exceeding $30 billion. A pioneer in the family office space, Ron is passionate about professionalizing the industry, educating the next generation, and helping families leverage patient capital to disrupt traditional private equity models. He is also the co-founder of the Family Office Initiative at the University of Chicago Booth School of Business.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email David Weisburd at [email protected].

We’d like to thank @Carta for sponsoring this episode!

#VentureCapital #VC #Startups #OpenLP #AssetManagement

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SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com

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Highlights:

Scaling Asset Management: Some strategies (like venture capital) are harder to scale, while others (like Blackstone’s approach) have proven successful at large scales.

The Principal-Agent Problem: Large institutions may prioritize minimizing risk, leading to missed opportunities, while smaller specialized funds often outperform.

Specialty Finance & Private Credit: Reducing management fees can boost returns, but smaller funds face scalability challenges.

Aircraft Engine Investing: A successful example of niche investing, where 3i members capitalized on aircraft engine teardown investments.

The Power of Membership Networks: 3i’s model thrives on a high-quality, skilled network that sources and executes investment opportunities.

Lessons Learned in Relationship Building: Early mistakes taught Teddy the importance of personal connections and relationship management in building a successful network.

Teddy’s Vision for 3i in the Next 5–10 Years: Expanding in key cities and maintaining high membership standards for long-term growth.

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Guest Bio:

Teddy Gold is the CEO of 3i, a premier investment network that connects family offices, fund managers, and excited entrepreneurs. 3i focuses on sourcing, vetting, and funding private market deals with the expertise of its highly skilled members. Teddy is committed to building a high-quality, scalable investment ecosystem that emphasizes personal relationships and expertise. With years of experience in venture capital and private equity, Teddy brings invaluable insights into the evolving world of alternative investments.

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

We’d like to thank @ReedSmith for sponsoring this episode!

#VentureCapital #VC #Startups #OpenLP #AssetManagement

--

SPONSOR:

Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, Reed Smith delivers smarter, more creative legal services that drive better outcomes for their clients. Their deep industry knowledge, long-standing relationships and collaborative structure make them the go-to partner for complex disputes, transactions, and regulatory matters. Learn more at www.reedsmith.com.

--

Stay Connected:

LinkedIn

Links

Questions or topics you want us to discuss on How I Invest? Email us at [email protected]

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

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LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
Najada Kumbuli: https://www.linkedin.com/in/najada-kumbuli-68816614/

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Links:

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Questions or topics you want us to discuss on How I Invest? Email us at [email protected]

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TIMESTAMPS:

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

–

X / Twitter:

–

LinkedIn:

–

Links:

–

Questions or topics you want us to discuss on How I Invest? Email us at [email protected]

–

TIMESTAMPS:

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

–

SPONSOR:

Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, Reed Smith delivers smarter, more creative legal services that drive better outcomes for their clients. Their deep industry knowledge, long-standing relationships and collaborative structure make them the go-to partner for complex disputes, transactions, and regulatory matters. Learn more at www.reedsmith.com.

–

X / Twitter:

LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
Hansen Ringer: https://www.linkedin.com/in/hansenringer/

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Links:

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at [email protected]

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TIMESTAMPS:

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

–

X / Twitter:

–

LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
Victor Mayer: https://www.linkedin.com/in/mayervictor/

Links:

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at [email protected]

–

TIMESTAMPS:

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

–

X / Twitter:

–

LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
James Langer: https://www.linkedin.com/in/james-langer-65072b260/

–

Links:

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at [email protected]

–

TIMESTAMPS:

Our Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

–

X / Twitter:

–

LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/
Chris Dion: https://www.linkedin.com/in/christopher-dion-cfa-7286165/

–

Links:

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at [email protected]

–

TIMESTAMPS:

The 10X Capital Podcast now receives more than 200,000 downloads a month. Are you interested in sponsoring an episode? Please email me at [email protected].

–

SPONSOR:

Carta is the all-in-one suite for private fund operations. Carta’s software-based approach takes fund administration out of the spreadsheet and into the modern age with powerful solutions and intuitive interfaces, all on one platform. Their suite of products and expert services help funds at any stage with up-to-date insights and automated workflows to get them to the next level. Learn more at: https://z.carta.com/10xpod

–

X / Twitter:

–

LinkedIn:

David Weisburd: https://www.linkedin.com/in/dweisburd/

–

Links:

–

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at [email protected]

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TIMESTAMPS: