Capital Allocators – Inside the Institutional Investment Industry

Kipp deVeer, Co-President of Ares Management, shares insights from a firm managing $500 billion in alternative investments. He discusses the rising trend of private wealth and the integration of institutional practices in this space. The conversation covers Ares’ strategic acquisitions, credit-centric approach, and brand-building efforts. DeVeer highlights the importance of disciplined underwriting and navigating global market dynamics, particularly in Europe and Asia, while also reflecting on personal growth and challenges in balancing family and work.

Kipp deVeer is a Director and Partner at Ares Management, where he's driven the growth of its credit division. He shares fascinating insights into the evolution of private credit over the last two decades. Kipp discusses his journey from Wall Street to Ares, revealing the early inefficiencies in the market and the establishment of robust capital structures. He dives into the complexities of risk management in direct lending and highlights the importance of relationships in sourcing deals. Kipp also reflects on the strategic shift toward larger issuers amid changing interest rates.

Jon Madorsky, Managing Partner at RCP Advisors, shares insights on the evolution of the private equity secondaries market. He discusses how it transformed from being overlooked to a vital investment strategy, emphasizing transaction types and capital sources. The impact of AI on data handling in this space is also explored. Jon highlights the importance of asset quality and strategic negotiation in secondary transactions, along with his passion for vintage cars and the significance of mentorship in shaping the next generation of investment professionals.

Alex Abell, Managing Partner at RCP Advisors, shares his extensive 23-year journey through lower middle market buyouts. He discusses the significance of data and analytics in evaluating fund managers, blending quantitative and qualitative assessments. Alex highlights the challenges faced by smaller institutional investors and the impact of operational data on investment strategies. He also reflects on his passions, including sailboat racing, and emphasizes the influence of early impressions in professional growth. Tune in for insights on refining investment strategies in a dynamic market!

Kristin Kallergis Rowland, Global Head of Alternative Investments at J.P. Morgan Wealth Management, oversees a staggering $180 billion in alternative assets. She discusses her 17-year journey at J.P. Morgan, sharing insights on the evolution of private wealth towards alternatives. Kristin highlights tailored portfolio strategies, the challenges and opportunities in private credit, and innovations in venture capital. She also emphasizes democratizing access to private markets and the importance of resilience in investment strategies amid today's economic landscape.

The discussion dives into the intricacies of today's investment landscape. It highlights the challenges of making decisions in the present moment. Listeners learn about various asset classes and discover potential hidden opportunities despite prevailing risks. The insights provide a refreshing perspective for those navigating the current market uncertainties.

Eric Mogelof, Head of Global Client Solutions at KKR, discusses how KKR is adapting its renowned private equity strategies to cater to high-net-worth individuals. He emphasizes the growing demand for alternative investments and the firm's innovative approach with interval funds and customized products. The conversation covers KKR's commitment to education and marketing to empower financial advisors globally. Mogelof also touches on the challenges of liquidity in private markets and how KKR is expanding accessibility to investment solutions for everyday investors.

James Clarke, Global Head of Institutional Capital at Blue Owl, shares his insights from a successful career in asset management. He discusses the delicate balance between short-term capital raising and long-term partnerships, emphasizing the importance of relationship building and transparency. Clarke also reflects on lessons learned from his diverse career, including his transformative journey from PIMCO to Blue Owl. He highlights the advantages and challenges of scaling in investment management, demonstrating how strategic communication fosters enduring client relationships.

Doug Ostrover, Co-Founder and CEO of Blue Owl Capital, shares his journey from Wall Street to establishing GSO Capital Partners. He highlights how firm culture and strategic partnerships drive success in private equity. The discussion delves into sourcing investments, the underwriting process, and navigating the evolving landscape of direct lending. Doug also shares personal insights, including his love for golf and his humorous takes on college football. His reflections on the 2008 financial crisis offer valuable lessons for today’s investors.

John Mathews, Head of Private Wealth Management in the Americas for UBS, oversees $2 trillion in assets and leads a sizeable team of financial advisors. He discusses empowering advisors to deliver personalized investment solutions and the importance of balancing centralized strategies with local implementation. The conversation highlights the shift of baby boomers from wealth accumulation to distribution, as well as the rising interest in alternative investments. Mathews emphasizes the need for humility and client focus in effective leadership within the wealth management industry.