Capital Allocators – Inside the Institutional Investment Industry

Discover the intriguing world of the Yellowstone Club, an exclusive private ski mountain in Montana, once owned by celebrities like Bill Gates and Tom Brady. Learn how CrossHarbor Capital Partners navigated a complex bankruptcy to transform this luxury community. Explore the unique strategies behind revitalizing the club and the extraordinary experiences it offers to its elite members. Uncover the fascinating blend of business and exclusivity in this high-stakes investment story.

Tom Joy, Chief Investment Officer at the Church Commissioners of England, oversees a £10.1 billion endowment fund with a focus on responsible investing. He discusses the evolution of their investment strategy, emphasizing the balance between governance and genuine diversification. Tom shares insights on tackling climate challenges through corporate engagement rather than divestment, exploring macroeconomic risks, and integrating real assets for resilience. His journey from ski guiding to investment management also highlights the importance of nurturing talent and strategic decision-making.

Andy Lee, Founder and CIO of Parallaxes Capital, shares his fascinating journey from archaeology to the finance world, uncovering the niche market of Tax Receivable Agreements (TRAs). He discusses how TRAs allow investors to leverage tax assets, their historical roots, and the unique challenges they present. Andy elaborates on the complexities of investing in tax assets and the role mentorship played in shaping his career. His insights on strategic contracts reveal a hidden gem in the investment realm, especially important amid rising IPOs and SPACs.

Adam Rodman, Founder and Chief Investment Officer of Segra Capital Management, dives deep into the world of nuclear energy investing. He discusses his journey from uncertainty to a dedicated focus on nuclear power as a key player in achieving net-zero emissions. Rodman highlights the nuclear fuel cycle, market inefficiencies, and the need to reshape public perceptions around safety and investment in this sector. He also addresses the evolving landscape of uranium mining and the importance of ESG standards in shaping future investments.

Dive into the clash between short-term pressures and long-term investment strategies, uncovering lessons from historical events and recent banking turmoil. Explore contrasting risk management tactics used by influential figures in finance, emphasizing the importance of sticking to core principles during stressful times. Discover insights on adapting investment strategies and the potential pitfalls of short-term thinking, all drawing from rich experiences in institutional investment.

David Abrams, Founding Partner of Velocity Capital Management, shares his journey from distressed investing to sports ecosystem investing. He delves into the formation of Velocity, emphasizing partnerships with founders in sports and media. Abrams discusses the strategic revitalization of the X Games, illustrating the importance of innovation in engaging younger audiences. He also reflects on the diligence process for non-control investments and how relationships shape success in altering investment landscapes. Personal insights reveal his resilience and passion for mentorship.

Colin Campbell, a Partner at Bain Capital, dives deep into the world of environmental markets, being an early mover in the space. He shares his investment thesis and explores carbon credits' role in climate transition, as highlighted by industry leaders like Tom Steyer. The conversation uncovers the mechanics of compliance and voluntary markets, discussing their evolving dynamics and opportunities for investors. Colin also reflects on his journey from law to investment, emphasizing lessons learned from mentors and the complex landscape of sustainable finance.

Dive into the remarkable turnaround of TaylorMade, highlighting its challenges and strategic improvements. A representative from KPS shares insights on how the company navigated a broken process and revitalized its brand. Perfect for golf enthusiasts looking for inspiration this season!

Bill Orum, a Partner at Capricorn Investment Group and veteran of mission-aligned investing, shares insights from his two-decade journey at the firm. He discusses innovative investment strategies focused on climate solutions and the importance of sustainable funding approaches. The conversation dives into the challenges of supporting emerging impact managers and explores the potential of distressed investing in clean technology. Orum also highlights the significance of empathy in finance and balances his professional insights with personal passions like hockey.

Tom Steyer, founder of Farallon Capital Management and climate activist, shares his journey from Wall Street to advocating for climate solutions. He discusses the urgency of investing in renewables and innovative technologies like battery storage and nuclear fusion. Steyer reflects on his presidential run, emphasizing the moral responsibility of addressing climate change and systemic reform. He highlights the importance of capital allocation in combating environmental challenges and the need for a proactive approach to sustainable investing.