Capital Allocators – Inside the Institutional Investment Industry

2022 Top Episode #2: Todd Boehly – The Next Berkshire Hathaway at Eldridge, EP. 223

Dec 29, 2022
Todd Boehly, Co-founder, Chairman, and CEO of Eldridge, shares insights from his journey in finance, from structured credit at Guggenheim to leading a multi-billion dollar holding company. He discusses his innovative investment strategies, diversifying across industries like media, real estate, and gaming. Boehly highlights the impact of technology in shaping investment landscapes, emphasizing unique sourcing opportunities built on strong relationships. The conversation also covers Eldridge's future growth vision, focusing on adaptability and local expertise.
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ANECDOTE

From Whitney to Guggenheim

  • Todd Boehly recognized the growth potential of structured credit at Whitney.
  • He leveraged this expertise to restructure CBOs at Guggenheim, turning distressed assets into profitable trading vehicles.
INSIGHT

Structured Credit as a Learning Tool

  • Structured credit products, like CDOs, function similarly to banks with finite lifespans.
  • Focusing on credit provides crucial insights into businesses, industries, and management teams.
ANECDOTE

Building Guggenheim's Credit Business

  • Boehly foresaw changes at Whitney and proposed buying their credit business.
  • This led to the formation of Guggenheim's credit division, with early success stemming from correctly predicting Enron's downfall.
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