Capital Allocators – Inside the Institutional Investment Industry

Matt Breitfelder, Partner and Global Head of Human Capital at Apollo Global Management, shares his extensive expertise in attracting and developing top talent. He discusses how his background in business and psychology enhances team dynamics and drives performance. Key topics include innovative negotiation strategies, the impact of corporate culture on investment success, and the importance of employee engagement. Matt also reflects on personal growth through mentorship and life experiences, emphasizing that optimizing human capital can transform organizations.

Dive into the intriguing world of permanent capital vehicles! Discover the advantages of closed-end funds for asset managers, while uncovering the paradox of their supposed permanence. The discussion highlights how organizational dynamics and market changes can challenge the stability of these investment strategies. It's a fascinating exploration of how even the most seemingly solid concepts can face unexpected hurdles.

In this engaging discussion, Eric Resnick, co-founder and CEO of KSL Capital Partners, shares his insights from over 30 years in the travel and leisure investment sector. He delves into KSL's origin, the secrets of sourcing lucrative opportunities, and his experiences in the ski industry. Eric recounts a humorous email mishap that played a role in launching the firm, while also addressing consumer expectations in hospitality and the importance of strategic capital allocation. His passion for creating remarkable destinations truly shines through!

Discover the fascinating journey of Breitling as it embarks on a new chapter under its fourth owner. The discussion dives into the brand's 140-year legacy and how leadership changes could redefine its future. Explore the potential strategy shifts and market positioning in the luxury watch segment. This engaging conversation reveals the delicate balance between tradition and innovation in maintaining a storied brand.

Chris Sacca, a celebrated venture investor and founder of Lowercarbon Capital, shares his inspiring journey from investing in tech giants like Twitter and Uber to tackling climate change. He discusses his humble beginnings and the evolution of his investment philosophy, focusing on decarbonization ventures. Sacca emphasizes the importance of authenticity, storytelling, and collaboration in evaluating founders and building impactful companies. He also explores innovative carbon removal strategies and the need for diversity in the entrepreneurial landscape.

In this engaging conversation, Jim Falbe, founder of Saguaro Capital Management and a pioneer in blending traditional value investing with AI, shares insights from his unique journey in finance. He reflects on his path shaped by personal loss and the influences of his mother's career. The discussion highlights how AI and data automation are transforming investment analysis and decision-making. Falbe emphasizes core values like trust and courage at Saguaro, while also exploring the essential traits of successful businesses and light-hearted life lessons that inspire a values-driven approach.

Adam Shapiro is the Managing Partner of East Rock Capital, overseeing $3 billion for family investments in hedge funds and private deals. He shares insights on investment objectives and risk management, emphasizing transparency and alignment with family goals. Adam discusses his early career in private equity, innovative strategies at Goldman Sachs, and his vision for East Rock as a breeding ground for talent. He also touches on his personal passions like writing, golf, and gardening, showcasing his multifaceted approach to life and investment.

Dive into the intriguing world of private equity as Mavis Tire Express Services finds a new home with the ambitious firm BayPine. Discover what makes Mavis a prime investment with its steady cash flow and resilient business model. Unpack the competitive dynamics of the auction process that led to BayPine securing this coveted asset. Learn about the strategic plans BayPine has in store to ensure the success of this deal in a landscape filled with big players.

Craig Bergstrom, CIO of Corbin Capital Partners, Adam Blitz, CEO of Evanston Capital Management, and Dan Fagan, Portfolio Manager at GIC, share their rich insights into the hedge fund landscape. They dive into navigating credit investing amid rising defaults and discuss investment strategies in a high-rate environment. The trio emphasizes the importance of liquidity management and highlights unique approaches to long-short equity and macro strategies. Their conversation concludes with thoughts on fees and the most promising opportunities and pitfalls for investors.

Adam Blitz, CEO and Chief Investment Officer of Evanston Capital Management, shares his deep insights on hedge fund allocation. He discusses the shift from focusing solely on returns to prioritizing risk management and diversification. Adam emphasizes the importance of data analysis and human relationships in selecting managers, as well as the need for disciplined strategies amid market volatility. Lastly, he offers valuable career advice, stressing the significance of passion and soft skills in navigating the finance industry.