E77: Justin Pollack on PineBridge’s ($168 Billion AUM) Investment Thesis

Justin Pollack, Managing Director at PineBridge Investments, sits down with David Weisburd to discuss PineBridge’s investment thesis. They also breakdown the secondary markets, discuss the structural differences between private equity & public market investing, and ways to analyze spinouts. (0:00) Introduction to Justin Pollack's investment philosophy and Pine Bridge Investments (3:07) Growth and advantages of private equity (4:39) Secondary market insights and opaqueness as a feature (10:26) Differentiation and structural tools in secondary buying (15:33) Downside protection and gamification of IRR in secondary investments (19:12) Fund of funds, emerging managers, and fund size impacts (22:47) Competitive dynamics, large check advantages, and fees (26:18) Venture strategy and evaluating spinouts from top firms (29:16) Manager evaluations and personality traits for success (32:34) Diversity, evolution in private equity, and closing remarks