Private Capital

Logan Allin, founder of FinVC, shares insights on fintech, investing with experienced founders, and his career journey. Topics include AI tech for evaluating entrepreneurs, navigating private market valuations, and strategic insights for fintech B2B SaaS amid market challenges.

Michael Sidgmore is a co-founder and partner at Broadhaven Ventures, which is part of Broadhaven Capital Partners.  Michael is a leading expert in the alternatives going mainstream movement in fintech and was an early employee at iCapital.  He was an early investor in Carta, MoneyLion, Republic, Nowports, Pipe, and Allocate, among many others.  He was educated at Middlebury and the London School of Economics and started his career working on the Goldman Sachs Principal Strategic Investments team.  I was looking forward to talking to Michael about the great interest in fintech platforms providing more access to alternative investments to RIAs, family offices, and accredited and qualified purchasers, which looks to become a multi-billion if not trillion-dollar marketplace.   FULL BIO: Michael Sidgmore Partner and Co-Founder, Broadhaven Ventures Michael Sidgmore has spent the last decade as an investor and operator in the financial technology sector. He is a Partner and Co-Founder of Broadhaven Ventures, a global early-stage financial technology investor. Mr. Sidgmore has led investments in over 23 unicorns. He has served on the boards of Nowports, Liveoak (acq. DocuSign), Covalto, Super Seguros, and Harvest (acq. by Envestnet) and as a board advisor to Republic and Kovi. Prior to co-founding Broadhaven Ventures, Mr. Sidgmore was a pre-product employee and SVP at iCapital, the leading technology platform in alternative assets with over $150 billion in AUM. Prior to iCapital, he was employee #16 and the first sales hire at Mosaic, a residential solar financing platform backed by Warburg Pincus that has done over $11B in home solar loan originations. Mr. Sidgmore started his career at Goldman Sachs in their Principal Strategic Investments Group, a direct investing team focused on market structure and financial technology. He is a Venture Partner at Goodwater Capital, a $5 billion consumer tech-focused venture capital firm. Mr. Sidgmore is also the founder of the alternative investments-focused podcast Alt Goes Mainstream. He holds a BSc in International Relations from the London School of Economics. FOLLOW MICHAEL: @michaelsidgmore WEBSITE:  https://www.michaelsidgmore.com ALTS GO MAINSTREAM:  https://altgoesmainstream.substack.com NOTE:  This podcast is for educational and entertainment purposes only.  Anything said by the guests or host should not be construed as legal or investment advice.  Thanks for listening. Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast.  FOLLOW JOE: https://twitter.com/joereillyjr WEBSITE: https://www.circulus.co/ INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964247 If you like this show, then do me a favor and send it to someone you think would enjoy it.  Just copy the link into an email or text.  I appreciate it.

We are speaking today with Chris Miller, the author of the international best selling Chip War:  The Fight for the World's Most Critical Technology.   We talk about the worse case scenario if TSMC went off line, if the race for technology collapsed the Soviet economy, the limits of Moore’s Law, and why Morris Chang, the founder of TSMC, should be more well known. Chris Miller is Assistant Professor of International History at the Fletcher School of Law and Diplomacy at Tufts University where he teaches on US-Russian relations. He also serves as Jeane Kirkpatrick Visiting Fellow at the American Enterprise Institute, Eurasia Director at the Foreign Policy Research Institute, and as a Director at Greenmantle, a New York and London-based macroeconomic and geopolitical consultancy. He is the author of three previous books—Putinomics,The Struggle to Save the Soviet Economy, and We Shall Be Masters—and he frequently writes for The New York Times, The Wall Street Journal, Foreign Affairs, Foreign Policy, The American Interest, and other outlets. He received a PhD in history from Yale University and a BA in history from Harvard University.     FOLLOW CHRIS: @CRMiller1 WEBPAGE:  https://www.christophermiller.net/semiconductors-1 CHIP WAR:  https://www.amazon.com/Chip-War-Worlds-Critical-Technology/dp/1982172002/ STRUGGLE TO SAVE THE SOVIET ECONOMY:  https://www.amazon.com/Struggle-Save-Soviet-Economy-Gorbachev-ebook/dp/B01EGKZL80 PUTINOMICS: https://www.amazon.com/Putinomics-Power-Money-Resurgent-Russia-ebook/dp/B075TTWMC WE SHALL BE MASTERS:  https://www.amazon.com/We-Shall-Be-Masters-Russian-ebook/dp/B08YFL7QYF   Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast.  FOLLOW JOE: https://twitter.com/joereillyjr WEBSITE: https://www.circulus.co/ INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964 If you like this show, then do me a favor and send it to someone you think would enjoy it.  Just copy the link into an email or text.  I appreciate it.

Our guest today is Mark Machin, CEO and co-founder of Opto Investments, a technology platform that provides independent investment advisors access to private markets. Mark was previously CEO of CPIB, the $500 billion dollar Canadian pension fund, and before that was a banker with Goldman Sachs in Asia.  He has degrees in medicine and surgery from Oxford and Cambridge   I really enjoyed this conversation with Mark, a greatly respected LP who has already had two great careers before starting Opto.  We discuss the development of the Chinese market in the 1990s, how banking has changed in Asia and at Goldman, the Canadian Pension model, how to navigate the investment world from one of its top perches, and the burgeoning world of technology-enabled private investing.     FULL BIO: Mark Machin  Co-Founder & CEO  Opto Investments   Dr. Machin has 30 years of experience in investment and finance. Most recently, Mark was the President & CEO at CPP Investments, the largest pension fund in Canada and one of the ten largest in the world. During his tenure as CEO, the assets grew to nearly $500 billion with over 11% per annum returns. Prior to joining CPPIB, Mark had a 20-year career at Goldman Sachs, where he was Head of Capital Markets, Head of Investment Banking, and Vice Chairman of Asia ex-Japan. Mark is a member of GIC's International Advisory Board and is also an advisor to the GIC Investment Strategies Committee. He was on the board of Sequoia Heritage from 2018 to 2020. He was voted one of Canada’s Top 10 CEOs by Glassdoor in its 2018 Employee Choice Awards. Mark holds a Bachelor of Arts in Physiological Sciences from Oxford University, a Bachelor of Medicine and a Bachelor of Surgery from Cambridge University. OPTO INVESTMENTS:  https://www.optoinvest.com/     Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast.  FOLLOW JOE: https://twitter.com/joereillyjr WEBSITE: https://www.circulus.co/ INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964247   If you like this show, then do me a favor and send it to someone you think would enjoy it.  Just copy the link into an email or text.  I appreciate it.

Today we have Gautam Mukunda, head of research for Rose Park Advisors, a venture firm in Boston.  Gautam is a leadership expert who studied economics at Harvard and has a Ph.D. in political science from MIT.  He was a professor at Harvard Business School previously and is the author of two books:  Indispensable: When Leaders Really Matter and most recently Picking Presidents:  How to Make the Most Consequential Decision in the World. Gautam was deeply influenced by his mentor Clayton Christensen’s work and has written two wonderful books on leadership.   We talk about how these ideas could be applied to investment management; discuss Stanley McCrystal, Ray Dalio, Jack Welch, and Jamie Dimon; and hear his excellent insights about disruptive innovation. Full Bio:  Gautam Mukunda is an internationally recognized expert in leadership and innovation. He often jokes that his life’s ambition is to have the world’s most confusing resume and that he’s most of the way there. He is the Head of Research at Rose Park Advisors, a firm co-founded by his mentor Clayton Christensen that provides companies supported by the theory of disruptive innovation the capital investment and strategy that allows them to grow to make the world a better place. Gautam is also a Research Fellow at the Harvard Kennedy School’s Center for Public Leadership, the author of Indispensable: When Leaders Really Matter (Harvard Business Review Press, 2012) and Picking Presidents: How To Make The Most Consequential Decision in the World (University of California Press, 2022), and the host of Nasdaq’s podcast World Reimagined with Gautam Mukunda.  Gautam has been a professor at Harvard Business School and Distinguished Visiting Professor at Schwarzman College, Tsinghua University. He has published articles in Harvard Business Review, Foreign Policy, Security Studies, Slate, Fast Company, Parameters, Politics and the Life Sciences, and Systems and Synthetic Biology on topics including leadership, reforming the financial sector, military innovation, network-centric warfare, the security and economic implications of synthetic biology, and the TV show Mad Men. His work has been profiled in the New York Times, Atlantic, New Yorker, Economist, Washington Post, Wall Street Journal, and on All Things Considered. NOTE:  This podcast is for educational and entertainment purposes only.  Anything said by the guests or host should not be construed as legal or investment advice.  Thanks for listening. FOLLOW GAUTAM:  https://twitter.com/gmukunda GAUTAM’S PODCAST:  https://podcasts.apple.com/us/podcast/world-reimagined/id1547874983 WEBSITE:  https://www.gautammukunda.com   Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast.  FOLLOW JOE: https://twitter.com/joereillyjr WEBSITE: https://www.circulus.co/ INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964247   Books Mentioned: The Rules of the Game:  Jutland and the British Naval Command by Andrew Gordon Wall Street Research - Past, Present, and Future by Boris Groysberg and Paul M. Healy Men at Work by George Will   People Mentioned: Admiral Sir John Jellicoe Admiral Sir David Beatty Stanley McCrystal Ray Dalio Jack Welch Al Dunlap Alan Mullally Jamie Dimon

Today we are speaking with Peter Borish, one of my favorite people to talk with about the markets.  Peter is a systems guy with the heart of a trader.  We talk about his path to the Street through the New York Fed, and his early days at Tudor Investment Corporation.  Along the way, Peter drops many of his great aphorisms about trading and baseball; talks about working with greats like Paul Tudor Jones and Jim Simons; shares ideas learned at the Robin Hood Foundation, and gives his insights into selecting great managers.  Peter is always a source of knowledge and good humor, and I know you will enjoy the call. Peter F. Borish is Chairman and CEO of Computer Trading Corporation (CTC), an investment and advisory firm whose largest consulting client is CIBC. Borish formerly worked at the Federal Reserve Bank of New York, was a founding partner and second-in-command at Tudor Investment Corporation, was Chairman of OneChicago, LLC, and was Chairman of the non-profits Foundation for the Study of Cycles and The Institute for Financial Markets. Borish earned a B.A. in Economics from the University of Michigan in 1981. He also earned an M.A. in Public Policy from the Gerald R. Ford School of Public Policy at the University of Michigan in 1982.  NOTE:  This podcast is for educational and entertainment purposes only.  Anything said by the guests or host should not be construed as legal or investment advice.  Thanks for listening. FOLLOW Peter: https://twitter.com/pborish ROBIN HOOD FOUNDATION: https://www.robinhood.org MATH FOR AMERICA: https://www.robinhood.org   Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast.  FOLLOW Joe: https://twitter.com/joereillyjr WEBSITE: https://www.circulus.co/ INHERITANCE PODCAST:https://open.spotify.com/episode/0v70MANvMxV1UmCTzuZ6VV Please give us a review on Apple Podcasts - we appreciate it!

Today we have Mary Childs, author of The Bond King - How One Man Made a Market, Built an Empire, and Lost It All.  We talk about how Bill Gross built up PIMCO to the giant it is today; his management style and his exit from the firm.   Mary Childs is a financial journalist who has written for Bloomberg, Barrons and the Financial Times, and is currently the host of NPR’s Planet Money. FOLLOW Mary: https://twitter.com/mdc WEBSITE:  http://www.marychilds.com Thanks for listening.  Please subscribe or leave us a review on Apple Podcasts.  We appreciate it.

Today we have Sebastian Mallaby, author of The Power Law – Venture Capital and the Making of a New Future.   Sebastian has written a comprehensive history of silicon valley full of great stories and overall insight.  Sebastian unpacks how venture investing models have changed and influenced investing globally.  We talk about these ideas, and what they hold for the future.   Sebastian is the Paul Volcker Senior Fellow in International Economics at the Council on Foreign Relations as well as the author of More Money Than God: Hedge Funds and the Making of a New Elite.   Thanks for listening.  Please subscribe or leave us a review on Apple Podcasts.  We appreciate it. FOLLOW Sebastian: https://twitter.com/scmallaby