April 14, 2026

“Zooming Out” with Ted Seides of Capital Allocators

57 minutes

Ted Seides — the founder and voice of Capital Allocators — joined Greg Hall on Accrued Interest to “zoom out” from the headlines and talk about larger trends and dynamic shifts he thinks will influence investing for the next decade. The conversation had no script, ranging from equity index composition, to structural changes in private equity, to the ongoing tribulations of the direct lending market. It’s a great chat with a fascinating market observer, and a good opportunity to step away from the newsfeed and think big picture.

Show notes:

[1:50] From the Yale Endowment to Capital

Allocators

[10:10] What Makes Great Investors Great

[18:51] Public Equity vs Private Equity

[22:03] The Slowdown in Exit Activity

[38:13] What’s Going on in Private Credit

[47:19] How Feedback Loops Impact Investor Temperament

Related Episodes:

Apple:

Private Credit’s Other Lanes Still Offer Value with Lotfi Karoui

Will Headlines Hit Your Bottom Line? Risk and Reality in Today’s Credit Markets

Spotify:

Private Credit’s Other Lanes Still Offer Value with Lotfi Karoui

Will Headlines Hit Your Bottom Line? Risk and Reality in Today’s Credit Markets

The discussion and content provided within this podcast is intended for

informational purposes only and may not be appropriate for all investors.

Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from

sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures.

...more