Funds that Won

In this episode of Funds That Won, Lincoln interviews Blake, an Managing Partner at Pelion. Blake shares the elevator pitch for Pelion, a renowned investment fund that focuses on early-stage software companies. With over $2 billion in assets under management, Pelion has experienced tremendous growth over the past two decades. Blake also discusses his journey with the firm. Tune in to learn more about the success story of Pelion and their investment strategies.Blake Modersitzki is a managing partner at Pelion Venture Partners. He has served on several public and privately held company boards. He was managing director of Novell Ventures and vice president of corporate development for Novell. Blake previously held global sales and marketing positions at WordPerfect. He earned his bachelor's degree in economics from BYU. Blake and Sandy have three children.[00:01:36] Investment success.[00:05:01] Decision-making and hiring process.[00:07:23] Decision-making process and unanimous votes.[00:12:46] Shared assets among the funds.[00:16:06] Taking companies to IPO.[00:19:22] Entrepreneurs changing the world.[00:24:07] Christmas cards and CEOs.[00:27:06] Group think and Theranos.[00:30:46] Fund size and investment strategy.[00:35:11] Get rich slow.[00:40:26] Watching movies while exercising.[00:42:58] Educational purposes and financial advice.

In this episode, we dive into the fascinating journey of KKR, one of the largest private equity firms in the world. Founded in the 1970s by Jerome Kohlberg, Henry Kravis, and George Roberts, KKR has grown to manage an impressive $488 billion across various strategies. We explore their initial strategies, including their pioneering role in the leveraged buyout (LBO). Join us as we uncover the secrets behind their success and how they built their empire from humble beginnings with just $120,000.[00:02:09] LBO pioneers in private equity.[00:06:54] The buyout of RJR Nabisco.[00:09:14] Bidding war for RJR Nabisco.[00:13:29] Infrastructure assets.[00:17:57] RJR Nabisco acquisition.

In this episode, Bryce, the co-founder of Summit Global Investments, joins Lincoln to discuss the firm's background and investment strategies. Bryce shares that Summit Global is a registered investment advisory firm managing $2 billion of clients' assets. He mentions working with a team of advisors and various fund structures. The conversation dives into the firm's inception during the market crisis in 2007-2008 and how Bryce and his partner developed their investment approach. Bryce is a member of the Fund Launch Whale Group, a group of fund managers with over $10M AUM. Bruce is an incredible member of the Fund Launch community.[00:01:03] Starting the company idea.[00:05:21] The size of fixed income market.[00:09:07] Clientele base breakdown.[00:12:05] Fragmentation in investment advisory business.[00:16:24] Growing independent advisory firms.[00:20:09] Starting a new firm.[00:25:48] What makes a fund win?[00:28:14] Following specific investment rules.[00:33:20] Starting a public product.[00:37:22] Growth objectives for Summit Global.[00:41:10] Focusing on revenue generating items.[00:45:49] The Fed's next move.[00:48:05] Follow-up as a pet peeve

In this episode of Funds That Won, Lincoln breaks down the Carlyle Group, a prominent private equity firm with $385 billion under management. We delve into the backgrounds of the three founders - David Rubenstein, William Conway, and Daniel Daniello - who came from diverse industries such as politics, law, venture capital, and finance. Despite the unavoidable headwinds of business, they managed to build a multi-billion dollar investment empire. Tune in to learn more about their strategies and the success of the Carlyle Group.[00:01:01] Founding of Carlyle Group. [00:04:28] Private credit opportunities. [00:09:06] Government contracts and political influence. [00:11:49] Behavioral alpha in investing.

In this episode of Funds That Won, David Frazier from the Frazier Group shares the story behind their success as a family office turned venture capital fund.. He discusses the challenges faced by angel investors and the importance of keeping track records. David highlights their approach of "shooting fish in a barrel, not throwing darts" as their core mantra for investment strategies. [00:02:01] Shooting fish in a barrel. [00:06:23] Fund structure and LP expectations. [00:09:00] Piling money into a company. [00:16:38] Valuing companies in secondaries. [00:20:11] QSBS tax treatment. [00:23:55] Finding true competitive moats. [00:27:10] Build relationships with smart people. [00:32:07] California deals and personal connections. [00:37:17] The current state of VC market. [00:40:05] The promise of AI. [00:44:09] Real estate investment committee. [00:48:29] Excessive posturing in business. [00:52:22] Fund Launch Partners appreciation.

In this episode, we are flipping the script. My long-time friend and colleague, Bridger Pennington interviews me about Fund Launch Partners, a GP stakes fund launched just this month. We get into the nitty gritty of this kind of fund, our investment thesis and what I see in the future. [00:00:58] GP stakes Fund Launch Partners. [00:03:22] The Greenwich Economic Forum. [00:08:03] Emerging managers and outlandish returns. [00:10:46] Betting on the jockey. [00:13:09] GP stakes industry. [00:18:59] Returns for limited partners. [00:21:15] GP stakes fund explanation. [00:25:10] Long-term partnership with portfolio funds. [00:28:16] Emerging managers in turbulent times. [00:30:55] Partnering with FunLaunch and beyond. [00:34:20] Favorite business book. [00:39:29] GP stakes fund expansion. [00:42:06] Growing up and empathy. [00:46:17] Life's suitcase and its contents. [00:48:07] Be intentional about your suitcase.

In this episode of Funds That Won, Lincoln dives into the success story of Ken Griffin and his hedge fund Citadel. With $67 billion in assets under management and $16 billion in net income last year, Citadel has become one of the giants in the hedge fund industry. We explore how Ken started trading in college and discovered a successful convertible bond trading strategy that propelled his success. Tune in to learn more about Citadel's products, strategies, and how they ultimately became winners in the hedge fund game.Don't forget to rate and review![00:01:37] The convertible bond trading strategy. [00:04:12] Citadel's near bankruptcy. [00:08:09] Ken's robust empire and strategies. [00:11:15] Phone carrier example.

In this episode of Funds That Won, Lincoln interviews the co-founder of JNR Capital, a successful investment firm specializing in buying distressed and value-add hotels. With a track record of completing $200 million in transactions, JNR Capital leverages deep-rooted relationships with industry executives, local lenders, banks, and general contractors to transform hotels into highly profitable establishments with renowned brands like Marriott, Hilton, and Best Western. Jignesh discusses the dynamics of running a family business. Tune in to gain insights into the strategies, structures, and best practices employed by JNR Capital in the alternative investment landscape.Learn more on our YouTube and don't forget to rate and review!https://www.youtube.com/channel/UC1_NBRSd-yIX6tyg31RzCew[00:02:04] Going into business with family. [00:04:12] Succession planning and growth. [00:10:32] Hotels as a cyclical business. [00:12:15] Hotels as a combination of real estate and operations. [00:18:41] Franchised mid-scale to upscale hotels. [00:21:08] The impact of Airbnb. [00:24:44] Dealing with challenging guests. [00:29:15] Lower interest rates in hospitality. [00:33:00] Loyalty Programs in Franchises. [00:34:17] Capital improvements and franchise requirements. [00:38:47] Raising money in hospitality. [00:42:15] In-house vs outsourced services. [00:47:29] Future objectives and growth. [00:49:01] Investing in different asset classes. [00:53:04] Aligning goals for personal success. [00:57:19] Having the grit to succeed.

In this episode of Funds That Won, we dive into the world of private equity with Krystof Bartos of Guardians of Legacy Private Equity, who shares his insights on buying businesses, managing them, and starting a private equity firm. He discusses his strategy for raising capital and where private equity fits into a portfolio. Krystof's success is attributed to his proof of concept with his own money and his confidence in what he knows while remaining humble about what he doesn't. Tune in to learn more about the world of private equity and the strategies behind building a successful investment fund.[00:00:56] Proof of Concept and Success.[00:07:11] Purchasing businesses with creative financing.[00:09:38] Small business acquisition strategy.[00:12:00] Taking care of legacy.[00:16:57] Uncorrelated investments and diversification.[00:19:09] Retirement and small business ownership.[00:24:10] Add value and business karma.[00:27:58] LinkedIn as the best place.

In this episode, we dive into the life and career of Bill Ackman, a prominent figure in finance. From his early days starting his hedge fund with $250,000 to managing billions of dollars, Ackman's journey is filled with ups and downs. We explore his investment strategies, including his focus on value investing and his ability to identify companies trading below their intrinsic value. Join us as we discuss Ackman's notable deals and his presence in both the financial and political spheres.