The Distribution by Juniper Square

Ep. 21: Investing with a Strong Point of View - Taylor Mammen, CEO of RCLCO Fund Advisors

Sep 19, 2023

Taylor Mammen, CEO of RCLCO Fund Advisors, discusses RFA's role in advising institutional investors post-financial crisis. The podcast covers RFA's data-driven approach, changing investor appetites for alpha, and the importance of communication in managing LP relationships. Topics include operational leverage, strategic investing, and navigating uncertainty in the US real estate market.

58:23

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Episode guests

Taylor Mammen

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Quick takeaways

Investors should prioritize a strategic approach over past track records when selecting investment managers.

Focusing on operational leverage in niche real estate sectors can lead to value creation and better portfolio performance.

Deep dives

Importance of Strategic Approach in Manager Selection

One of the key aspects highlighted in the podcast is the importance of a strategic approach when selecting investment managers. It is emphasized that having a clear and compelling strategy is more significant than past track records. The strategic approach needs to be data-driven and should be evident in all aspects of the manager's operations, including research, acquisitions, and asset management.

Introduction

2min

Strategic Investment Approach and Effective Communication in LP Relationships

9min

Navigating Uncertainty in the US Real Estate Market

15min

Optimizing Real Estate Investments: Challenges and Strategies

22min

The Role of Competitor Awareness and Communication in Building Investor Relationships

5min

Guiding Investors and Leveraging Knowledge in Real Estate

4min

On today’s episode, I sit down with Taylor Mammen, CEO of RCLCO Fund Advisors (RFA). RCLCO Fund Advisors (RFA) is a real estate advisory service for institutional investors on all aspects of their complex real estate investment portfolios, from strategy development to underwriting and asset management. Taylor helped pioneer this business beginning in the aftermath of the Global Financial Crisis, when several prominent pension funds turned to RFA with the goal of constructing better performing and more resilient real estate portfolios, and has grown it to become a highly respected institutional real estate advisor, working with some of the largest and most dynamic institutional investors in the world.…

On today’s podcast, we have a wide-ranging discussion covering how RFA operates as a consultant, the macroeconomy, the role real estate plays, and the importance of operational leverage going forward.

RFA is a data-driven consultant and I enjoyed hearing Taylor’s perspective on investors changing appetite and need for alpha, what to look for in a partner who has a strategic approach to investing along with the importance of communication in managing LP and LP advisor relationships.

Let’s get into it.

Links:

Connect with Taylor

RCLCO Fund Advisors

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Topics:

(00:01:50) Taylor’s background and RCLCO Fund Advisors

(00:04:00) The role ROLCO plays on behalf of LPs

(00:07:28) How do you compare and contrast your firm with the traditional consulting model?

(00:10:24) What’s the general appetite for US real estate in this economic state?

(00:21:51) What is the RFA view on a potential recession?

(00:25:31) How are you thinking about the future of closed-end fund investing?

(00:34:05) How are you thinking about the performance of niche sectors and their role in portfolio creation for a typical institutional investor?

(00:38:55) What’s your process for Manager selection?

(00:44:00) What can folks do to be different when they meet with consultants or LPs?

(00:48:41) What is important to you once an investment has been made in terms of building relationships with investors?

(00:52:20) Parting advice

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The Distribution by Juniper Square

Ep. 21: Investing with a Strong Point of View - Taylor Mammen, CEO of RCLCO Fund Advisors

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Strategic Approach in Manager Selection

Operational Leverage and Value Creation in Niche Sectors

Maintaining Meaningful Relationships with Investors through Communication

Leveraging Research and Unique Value Proposition in Manager Relationships

Remember Everything You Learn from Podcasts