VC10X - Investing, Asset Management, Venture Capital, Private Equity, Family Office

Andrew Reilly is a Managing Director at VCFA, the world's first secondary focused fund. Andrew joined VCFA in 2017 primarily to focus on origination and development of venture and growth equity secondary opportunities.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comVCFA website - https://vcfa.com/Andrew Reilly on LinkedIn - https://www.linkedin.com/in/andrew-k-reilly-5782a019/🎙️ Hosted by Prashant ChoubeyFollow Prashant on X - https://x.com/ChoubeySahabFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode we talk about -- The history of VCFA and being the first secondary fund- The different types of secondaries they deal in at VCFA- How they buy winners at a discount- The difference between direct secondaries VS GP leds VS LP interests- How do they evaluate a VC portfolio for a secondary transaction- Sourcing high quality secondary deals- What is the risk/return profile of secondaries& lots moreTimestamps:(00:00) Introduction(02:49) History of VCFA and Dayton Carr, founder of the secondary industry(07:31) Types of secondaries: GP-led transactions, LP-led deals, and direct secondaries(11:11) Evaluating a VC firm's portfolio for acquisition(13:34) Why sellers would sell assets at a discount(35:27) Sourcing high-quality secondary deals(41:08) Risk-return profile of secondaries(47:08) Goals for the new fund, including potential expansion into real estate secondaries(52:28) Rapid fire round of questions about VCFA's investment strategyFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Hunter Somerville is a Partner at StepStone Group, an asset management firm with over $150BN+ in assets under management. Hunter focuses on venture capital and growth equity investments which includes fund investments, directs, and secondaries.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comStepStone Group - https://www.stepstonegroup.com/Hunter Somerville on LinkedIn - https://www.linkedin.com/in/hunter-somerville-2a24117/In this episode we talk about -- The different strategies they invest in at StepStone private equity & VC team- Key things you look for in fund managers- The different risks they are undertaking when backing a fund- Common mistakes new GPs make- How big is the opportunity in the secondary market? - His advice to GPs aspiring to build the Sequoia of tomorrow& lots moreTimestamps:(00:00) Introduction(05:23) Hunter's background and career journey(06:26) StepStone's investment strategies(09:04) Key characteristics and criteria for primary fund investments(11:31) Managing DPI and liquidity in early-stage venture investments(14:09) Evaluating secondary investments and portfolio strategies(16:27) Risks associated with fund investments(20:10) Building relevance and value for venture capital funds(23:03) Common mistakes made by new General Partners (GPs)(24:45) StepStone's approach to growth stage direct investing(27:08) Comparing risk and return across different investment strategies(30:19) The secondary market opportunity and its growth(34:17) Liquidity dynamics in venture capital investments(36:10) Advice for GPs aspiring to build the next Sequoia or A16Z(37:46) Emerging trends and exciting investment areas in venture capital(40:28) Rapid fire round of questions about StepStone's investment approachFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Kalpesh Dave has over 20 years of experience in banking, investments, and wealth management. As the Deputy Chief Executive Officer at BajajCapital Ltd, his focus is on delivering value-added solutions to HNI/UHNI/Family offices and NRI clientele.⭐ Sponsored by Podcast10x - Podcasting agency for VCs, family offices & asset managers - https://podcast10x.comBajaj Capital - https://www.bajajcapital.com/Kalpesh Dave on Linkedin - https://www.linkedin.com/in/kalpeshdave-domainexpert-investments/In this episode, we talk about:- The growing private wealth landscape in India- How many wealthy families are there in India and how fast is that number growing?- How the Indian wealthy manage their wealth - How do they build wealth allocation strategy for their clients- Exciting opportunity areas for wealthy families& lots moreTimestamps:(00:00) Introduction(03:44) Background and history of Bajaj Capital(05:25) Discussion about the private wealth landscape(08:31) Definition of HNI (High Net Worth Individual) and UHNI (Ultra High Net Worth Individual)(09:27) Missing pieces in wealth management and how Bajaj Capital is addressing them(11:38) Perspective on current equity market conditions(14:14) How families are managing assets during market fluctuations(18:10) Discussion on asset allocation strategies(20:17) Dos and don'ts of wealth management(23:06) What family offices and wealthy families are currently excited about(25:55) Global asset investing for Indian wealthy families(28:07) How Bajaj Capital sources high-quality deals for clients(32:00) Common mistakes wealthy families make in managing wealth(35:01) Biggest learnings from working with wealthy families(39:34) How to connect with Bajaj Capital and learn more about their servicesFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Jason G. Mandel is an experienced Wall Street executive, a renowned author, and founder & CEO of the Mandel Family Office. Jason has over 30 years of experience helping clients build wealth through tax elimination strategies.Links:⭐ Sponsored by Podcast10x - Podcasting agency for VCs, family offices & asset managers - https://podcast10x.comDemand Transparency Book - https://www.amazon.com/DEMAND-TRANSPARENCY-Street-Rising-Destroying-ebook/dp/B0CN4ZWQ6XMandel Family Office - https://themandelfamilyoffice.com/Jason Mandel on Linkedin - https://www.linkedin.com/in/mandeljason/In this episode, we talk about -- The risks associated with real estate investing- What are principal protected assets?- Why he thinks 401(k) is a fraud- Life Insurance as a vehicle for tax saving and investment growth- Insurance vs 401(k), what’s better for retirement planning?- How to finance your tax-free retirement plan?- Insurance as a tool to protect assets during divorce- What is PPLI and how it can be used to save taxes on all types of assets?- How can Family Offices operate more like banks?& lots moreTimestamps:(00:00) Introduction(03:18) Real estate investing and its risks(12:23) Principal-protected assets(23:40) Credibility of principal-protected assets(24:33) Accessibility of tax-saving investment tools(35:09) Comparison of 401(k) vs. life insurance(42:31) Using life insurance as asset protection during divorce(46:34) How family offices can operate more like banks(52:25) Closing remarks and contact informationFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Amit Patel is one of the Managing Director at Owl Ventures, one of the largest Edtech venture capital firm with over $2 billion in AUM. Amit has served on the board of directors and led investments in many of the world’s leading education technology companies.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comOwl Ventures website - https://www.owlvc.com/Amit Patel on LinkedIn - https://www.linkedin.com/in/amitashwinpatel/In this episode, we talk about - - How they look at the Edtech landscape at Owl Ventures?- How do they identify promising Edtech startups?- What does the future of education look like?- Exciting trends they're closely tracking- Role of AI in personalised learning- How did they manage to scale Owl Ventures to over $2 billion in AUM in just over a decade of existence?& lots moreTimestamps:(00:00) Introduction(03:07) Amit Patel's personal story and career in education(05:38) Discussion on the current state of education system(08:31) Owl Ventures' journey and growth to $2 billion in assets(11:42) Reasons behind Owl Ventures' success(13:16) EdTech sector categorization and segments(15:06) Global perspectives on education technology development(18:40) Evolution of EdTech since Owl Ventures' inception(23:08) How Owl Ventures selects and picks companies to invest in(26:18) Advice for new EdTech founders(32:06) Current state of EdTech and future outlook(35:32) Most exciting opportunity areas in EdTech(38:21) Portfolio construction and investment strategy(41:04) Biggest learning from investing in EdTech companies(42:28) Rapid fire round of questions about Owl VenturesFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Greg Ho is the President & Head of Social Impact at Spring Mountain Capital ($1.6B AUM). Greg formerly spent 16 years at McKinsey, where he helped expand the firm into 30+ new countries and oversaw the launch of its $20B investment arm as CFO. In 2001, Greg founded SMC alongside Launny Steffens, and later its social impact arm, the West Harlem Innovation Network.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comSpring Mountain Capital website - https://www.springmountaincapital.com/Greg Ho on LinkedIn - https://www.linkedin.com/in/gregory-ho-68126215🎙️ Hosted by Prashant ChoubeyFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode we talk about - - Greg's story and how you got into investing?- The story of McKinsey’s expansion into over 30 new countries- What is Special Situation Investing?- What key qualities he looks for when selecting asset managers?& lots moreTimestamps:(00:00) Introduction(03:13) Greg's journey into investing(04:26) McKinsey's global expansion strategy(07:20) Founding McKinsey's investment office(09:47) Founding of Spring Mountain Capital(11:43) What is special situation investing?(13:46) Examples of special situation investing(17:31) Explaining investment strategy to limited partners(20:49) Focus on social impact investing(25:25) Investing in underrepresented communities(29:07) Opportunity zone investing and tax benefits(32:04) How to evaluate fund managers(34:33) Current market trends and opportunities(39:22) Impact of new administration on investment strategy(40:49) Biggest learning in investing - importance of diverse teams(41:54) Rapid fire round covering investment detailsFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Muthu Muthiah, CIO of Children's Healthcare of Atlanta, oversees a $6.4 billion investment portfolio and has a rich background in institutional investment. He discusses the distinct approaches of endowments, pension funds, and foundations in asset management, weighing their motivations and strategies. Muthiah dives into the dynamics of his investment team and explores the S-curve of investing in venture capital. Listeners will gain insights into team structures, key investment levers, and the strategic allocation across various asset classes.

Wendy Craft is a family office veteran, she has worked with multiple wealthy families helping them with asset allocation, risk management, tax optimization, governance, risk management & more. Wendy serves as CEO for Elle Family Office, a single family office in Atlanta, GA. The office handles the holdings of the Lazarian family which include real estate, exotic cars and various other investments.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comWendy Craft on LinkedIn - https://www.linkedin.com/in/wendy-craft-7281176🎙️ Hosted by Prashant ChoubeyFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabFollow Prashant on X - https://x.com/ChoubeySahabIn this episode we talk about -- Importance of structuring a family offices and different aspects to keep in mind- Different ways of tax optimization utilized by wealthy families- Privacy risks faced by wealthy families- How does political and market environment impact family office strategy- Are wealthy families really happy with their lives?& lots moreTimestamps:(00:00) Introduction(03:32) Wendy's personal story and experience with family offices(04:24) Importance of structuring a family office(05:30) Key considerations when establishing a family office(07:13) Different types of family offices (embedded, multi-family, single family)(10:08) Capital allocation and preservation strategy(11:00) Risk management and portfolio construction(14:19) Generational differences in investment approach(17:39) Family office organizational structure and governance(18:13) Family office constitution and mission statement(20:02) Family office trusts and their purposes(22:20) Tax optimization strategies for family offices(26:31) Impact of market conditions and political environment on family office strategies(29:00) Privacy risks and concerns for wealthy families(34:42) Factors contributing to long-lasting family offices across generations(37:52) Venture capital as an asset class from a family office perspective(42:56) How venture capital fund managers should approach family offices(48:09) Risk profiles of direct investments, VC funds, and fund of funds(53:07) Common mistakes made by family offices(55:30) Happiness and challenges of wealthy familiesFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Grady Buchanan is a Co-founder & Managing Director at NVNG, a fund of funds with corporations as limited partners investing into venture capital funds.Before launching NVNG, Grady worked with the Wisconsin Alumni Research Foundation’s (WARF) $3B investment portfolio.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comNVNG website - https://nvngia.com/Grady Buchanan on LinkedIn - https://www.linkedin.com/in/gradynvng🎙️ Hosted by Prashant ChoubeyFollow Prashant on X - https://x.com/ChoubeySahabFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode, we talk about -- The investment thesis at NVNG- Why do corporations invest in NVNG fund of funds?\- What's the strategic significance of having corporations at LPs? How does it help the portfolio companies of the portfolio funds?- Key things they look for in fund managers- Advice for GPs raising in a difficult fundraising environment- How they generate DPI in the fund of funds- Approach to portfolio construction& lots moreTimestamps:(00:00) Introduction to Grady Buchanan and NVNG(02:46) Grady's background and journey into investing(05:30) Origin story of NVNG (Nothing Ventured, Nothing Gained)(07:11) Corporations' need for innovation and startup exposure(09:33) Strategy of having corporations as Limited Partners (LPs)(13:15) Addressing concerns about outsourcing innovation(17:41) Value creation for portfolio companies through corporate connections(22:33) Key criteria for selecting fund managers(26:31) Assessing fund managers' long-term potential(30:14) Sector focus and corporate investment preferences(34:47) Generating Distributed Paid-In Capital (DPI) in a fund of funds model(38:32) Advice for VCs fundraising in a challenging environment(42:48) Portfolio construction strategy(45:42) Rapid fire round covering:- Themes and regions of investment- LP commitment size- Fund stages- Contact information- Follow-up channelsFor sponsorship or guest appearance requests, write to prashantchoubey3@gmail.comSubscribe to VC10X on Youtube, Spotify, Apple Podcasts.

Promise Phelon, Founder and Managing Partner at Growth Warrior Capital, shares her journey from Silicon Valley tech leader to investor in Seed & Series A AI firms. She emphasizes the importance of 'dangerous' founders and encourages them to be 'students of revenue.' Phelon discusses navigating fundraising challenges, especially as a woman of color in venture capital, and offers strategies for helping startups thrive. She also touches on the current exit landscape and building strong relationships with investors.