AGM Alts Weekly | 6.28.26: Getting in the game
AGM Alts Weekly #161: Making private markets more public, every week.
For too long, private equity funds have relied on manual processes — spreadsheets, scattered documents, disjointed data — to track complex investment and ownership structures. It’s slow, error-prone, and not scalable. And when regulators, investors, or auditors come knocking, it’s a fire drill every time.
At DealsPlus, we help private equity funds digitise investment and ownership structures, eliminating data silos. Our software helps power key workflows such as: quarterly reporting, audits, compliance, and exits.
Good morning from Washington, DC. I’m back from a week in New York after a few weeks of travel across London and Berlin for SuperReturn, meetings with our founders in Europe, and podcasts.
The World Cup energy in New York was palpable this week. Perhaps no more so than the droves of Norwegian supporters doing their signature “row” chant in Times Square.
With the World Cup in full swing, perhaps it’s fitting that sports were at the epicenter of the news this week in private markets.
Just a few days before the start of Wimbledon, General Atlantic announced that tennis star Novak Djokovic joined the firm as a Global Strategic Advisor.
Djokovic, who holds a record 24 Grand Slam singles titles and has an all-time record of 428 weeks at World No. 1, a record eight Year-End No. 1 finishes, and unprecedented 40 ATP Masters 1000 titles, will work closely with the firm’s leadership, portfolio companies, and investors, bringing perspectives on leadership, resilience, and innovation, according to a press release from GA about the partnership.
General Atlantic Chairman & CEO Bill Ford wrote in a LinkedIn post that “Novak’s career is a masterclass in performance, resilience, and discipline.” Ford noted that “very few people understand what it takes to sustain high performance and achieve excellence like Novak.”
Ford’s comments aim to create a link between elite performance on the court and excellence in business.
GA is not the first firm to create links between its investing activities and elite sports performance. EQT recently struck a partnership with the ATP to be the Tour’s Official Private Markets Partner. EQT’s partnership with ATP followed Carlyle’s partnership with Oracle Red Bull Racing.
These developments illustrate the increasing convergence of culture and finance, as firms look to build brand equity in the wealth channel.
What’s notable about Djokovic’s partnership with GA is that he’s not just an ambassador. He’s going to be an advisor to the firm and portfolio companies, integrated with the firm’s investment activities, and working with the firm’s executives and portfolio companies.
According to a Bloomberg article from this week, General Atlantic has already made some sports team and sports-related investments, including Grupo Aguilas, the owner of Mexico City’s Club America soccer team, and the Azteca Stadium. GA also invested in Brazilian sports media and marketing agency LiveMode.
Djokovic said that he plans to devote time to helping GA invest in sports tech, wellness, and healthcare.
“That’s actually one of the areas that I really look forward to exploring with Bill and General Atlantic,” Djokovic said. There are “very compelling opportunities in sports technology, wellness space, healthcare is something that I very deeply care for.”
Funds getting in the game
Djokovic’s role with General Atlantic, in many respects, represents the evolutionary arc of the intersection between sports and investing.
Private equity has ramped up its investment in sports teams and leagues in recent years, as I’ve written about here, here, here, and here.
For good reason, too. Sports teams have proven to be attractive (and relatively uncorrelated) investments over the long term.
A chart from a Goldman Sachs report on sports investing illustrates the compounding nature of growth in sports teams’ valuations.
Dedicated sports funds have been created to capture investment opportunities in minority ownership of sports teams.
Sports team ownership and the broader sports ecosystem represent a large and growing market opportunity. Apollo Sports Capital pegs the sports economy market size at $2.5T.
Sports is increasingly being viewed as an asset class that encompasses leagues, teams, media rights, real estate, and stadium infrastructure, enabling funds to create large investment platforms to serve sports teams, leagues, and real estate opportunities with private equity, private credit, and real estate strategies.
This institutionalization of sports investing has meant that many of the world’s largest alternative asset managers have either built (Ares, Sixth Street, CVC, Apollo, Blue Owl’s Dyal HomeCourt Partners) or bought (KKR via its Arctos acquisition) capabilities and specialist sports funds, like RedBird Capital Partners and Arctos, have been built to take ownership stakes in sports teams.
Funds are also getting into the game by establishing partnerships that reflect their brand with sports teams and leagues.
EQT’s recent partnership with the ATP Tour as the Official Private Markets Partner is emblematic of alternative asset managers seeking to associate their brands with sports teams and leagues that reflect their culture and values.
Brand matters in private markets more than ever. And firms will be (rightfully so) making a push to associate their brands with something that resonates with investors as the industry undergoes a wave of consumerization amid an increasing focus on the wealth channel.
The next evolution in the collision of sports and investing has been the rise of athletes investing into private companies, funds, and sports teams.
Athletes getting in the investing game
Athletes may have a short shelf life with their careers, but they are increasingly becoming involved in investing in both sports teams and companies where they can add value through expertise, brand, or marketing associations.
The rise of social media has played a role in athlete investors being able to bring the power of their social media following to help companies grow their brand and drive sales.
Look no further than Serena Williams’ partnership with Ro as an example of the power of a company leveraging a sports star to help grow its business. Ro CEO Zachariah Reitano told Bloomberg in an interview that “it wasn't just a one-time spike,” he said. “We’ve seen an elevated and consistent ability for her story to resonate and drive traffic.”
The ability for fans to connect directly with athletes has also created an opportunity for athletes to leverage their platforms and brands to enhance both the value of sports franchises and their own investments, as I wrote in the 3.31.24 AGM Alts Weekly.
Digitally native teams like Angel City that have been built with the new paradigm for fan engagement in mind are poised to succeed in this brave new world of sports. Their ability to leverage the platform and brand they’ve built has proved to engage fans, enable players to connect directly with fans who believe in a shared vision of growing the sport, and prove to sponsors that being in front of fans is good business.
Sixth Street’s Alan Waxman said as much in a 2023 Bloomberg article after they purchased the NWSL’s Bay FC.
Waxman highlights two transformative trends that are driving the growth in women’s sports:
One is the emergence of streaming services, which has made it easier to reach viewers and know who they are.
Two is the power of social media to connect fans directly with players on a day-to-day basis. “You can follow them and see what they’re thinking,” says Waxman. “What are they eating? How are they training?”
The rise of athlete investors is becoming mainstream.
Just this past week, Flatpay announced the addition of French national soccer team star and Atletico Madrid player Antoine Griezmann as a new investor.
Griezmann joins the German national team and Eintracht Frankfurt star Mario Gotze (who scored the game-winning goal in the World Cup for Germany in 2014) and the Italian national team and AC Milan star Paolo Maldini as an investor in Flatpay (over halfway to an athlete-investor 5-a-side team!).
A number of athletes have focused on building out their investing activities, either personally or through fund vehicles, during or after their careers.
Notable athlete investors include NBA’s Kevin Durant (35V), tennis’ Serena Williams (Serena Ventures), F1’s Nico Rosberg (Rosberg Ventures), NBA’s Magic Johnson (Magic Johnson Enterprises), NBA’s Andre Iguodala (Mosaic General Partnership), and Bundesliga’s Mario Gotze (Companion-M), amongst many others.
Mario Gotze is an example of an athlete who has built out an investment platform, Companion-M, to leverage his knowledge, brand, and network to invest in European startups and funds. He’s dedicated significant time and effort to building a network of high-quality founders and funds, enabling him to invest in a number of top startups and helping his portfolio companies grow, just like many top VCs do. He’s also built out a network that creates a flywheel for his companies and funds, hosting events for Companion-M founders, funds, and contacts across the business world, as he did in New York this past week (pictured with one of Companion-M’s founders, Dr. Jonathan Leary of Remedy Place - R).
Athletes are also increasingly investing in other sports teams, bringing their knowledge and experiences as players to bear to help guide clubs on and off the field.
Tom Brady is an investor in a number of sports teams across different leagues, including:
Las Vegas Raiders (NFL): Acquired a roughly 5% ownership stake.
Las Vegas Aces (WNBA): Acquired a minority stake.
Birmingham City FC (English Football League): Invested as a minority owner.
Las Vegas Night Owls (Major League Pickleball): Founding investor.
It’s becoming increasingly commonplace for athletes to invest in teams where they used to don the jersey as a player.
Juventus and LAFC’s Giorgio Chiellini is a recent example of this trend, investing in LAFC after he retired from playing for the club.
Leo Messi and David Beckham have been prime examples of this trend, negotiating the ability to take ownership stakes in MLS clubs after retiring from their playing careers.
This trend is positive, in my view. The athletes are the drivers of value creation in increasing sports team valuations. Yes, media rights drive up revenues, but without players, there would be no media deals.
I’ve long believed that all players should have the ability to own the upside of a league or team’s growth. There are a number of nuances, complications, and challenges that make this difficult, but the creation of a phantom equity program with vesting for players (like startups, and, with Facebook, OpenAI, and Anthropic engineers being offered larger than NBA-like contracts, couldn’t there be something similar?) could provide a solution to enable players to be rewarded for their contribution to growing the value of their respective teams and leagues.
From ambassadors to advisors
Recent trends in athlete involvement with alternative asset managers have mainly centered on brand ambassador partnerships, such as the one Blackstone recently rolled out with golfer Tommy Fleetwood.
What makes GA’s partnership with Djokovic so interesting is that Djokovic will be an involved member of the team as a strategic advisor. His involvement will seemingly be more focused on sourcing, investing, and post-deal value creation than on being a brand partner. I would also imagine that Djokovic’s brand will help expand GA’s brand and provide marketing value to the firm and its portfolio companies through the association with him.
Ares did something similar to GA in 2022, establishing the Ares Sports, Media and Entertainment Finance Advisory Board, adding a number of talented athletes to their roster, including Mia Hamm, Grant Hill, and Mark Teixeira.
With athletes ramping up their own investment activities, could the next trend be for alternative asset managers to add the world’s leading athletes as Strategic Advisors or Operating Partners that are involved in investment firm’s sourcing, investing, and value creation activities?
Perhaps Djokovic was right to say he “like[s] to disrupt, like[s] to challenge the status quo on and off the court” in his interview about joining GA, since he could very well be a trend-setter in the next evolution in the collision of sports and investing.
I certainly wouldn’t bet against more alternative asset managers and athletes teaming up to get in the game.
AGM Index
AGM has created an Index to track the leading publicly traded alternative asset managers.
Some of the industry’s largest alternative asset managers are publicly traded — and their net inflows can serve as a window into how private markets are perceived by investors and allocators allocating capital to alternative investments.
Note: AUM figures are based on fee-paying AUM where applicable.
“Alt Goes Mainstream is category of one.” Global Head of Marketing & Communications, $X00B AUM alternative asset manager.
“When it comes to the intersection of alternative investments and wealth management, Michael just gets it.” CIO, $18B AUM RIA.
🤝 Interested in the AGM RIA Field Trips? 🤝
The inaugural AGM RIA Field Trip took place on May 19–20 in New York City. We had an exceptional group of RIAs and GPs joining for a highly curated, uniquely structured, exciting 2-day program.
If you’re an RIA or a GP and you’re interested in joining the waitlist for the next Field Trip on October 6-7 in NYC, please reach out or click on the links below.
Who is hiring?
In order for alts to continue to go mainstream, we need the best talent to go into the space. Here are some openings at private markets firms. If you’d like to connect with any of these teams, let me know, and I’m happy to facilitate an introduction if appropriate. If you’re a company or fund in private markets, feel free to reach out to share a job description you’d like to be listed here to highlight for the Alt Goes Mainstream community.
🔍 Blackstone (Alternative asset manager) - Blackstone Private Wealth - Product Specialist, Vice President (Real Assets). Click here to learn more.
🔍 KKR (Alternative asset manager) - VP - Social Media Strategist. Click here to learn more.
🔍 Apollo Global Management (Alternative asset manager) - Director, Transformation Management - Private Credit & Private Markets. Click here to learn more.
🔍 Blue Owl (Alternative asset manager) - Private Wealth, Portfolio Strategist Real Assets, Vice President. Click here to learn more.
🔍 Franklin Templeton (Asset manager) - Portfolio Manager, Private Markets. Click here to learn more.
🔍 Goldman Sachs Alternatives (Alternative asset manager) - Asset & Wealth Management, Client Solutions Group, Wealth Alternatives Specialist, New York - Vice President. Click here to learn more.
🔍 HarbourVest (Alternative asset manager) - Senior Associate, Business Intelligence - Global Private Wealth. Click here to learn more.
🔍 iCapital (Private markets infrastructure investment platform) - Chief Risk Officer, Managing Director. Click here to learn more.
🔍 Ultimus Fund Solutions (Fund administrator) - Managing Director, Fund Accounting. Click here to learn more.
🔍 Krilogy (Wealth manager) - Senior Wealth Advisor. Click here to learn more.
The latest on Alt Goes Mainstream
Recent podcast or video episodes and blog posts on Alt Goes Mainstream:
🎥 Watch Oaktree Managing Director and Co-Portfolio Manager Danielle Poli live from the AGM RIA Field Trip share why “boring is beautiful” in private credit. Watch here.
🎥 Watch Franklin Templeton Head of Private Markets - Americas Wealth Management Dave Donahoo and Summit Wealth Group CIO Chelsea Ganey live from Franklin Templeton’s Private Markets RIA Advisory Council for perspectives on how asset managers and wealth managers can work together to educate one another and help move the industry forward. Watch here.
📝 Read The AGM Op-Ed with Permira’s Partner, Executive Committee Member at Permira, and Investment Committee Member at Permira Credit Benoit Vauchy on credit underwriting in the age of AI and uncertainty. Read here.
🎥 Watch Juventus Director of Football Strategy Giorgio Chiellini share life lessons in sports and business from a world-class performer on and off the field. Watch here.
🎥 Watch Bank of America’s Head of Alternative Investments Mark Sutterlin share why being a good investor in private markets is table stakes. Watch here.
🎥 Watch iCapital’s Managing Director, Head of Private Asset Research & Model Portfolios Kunal Shah share lessons learned from being an institutional allocator and the private market mindset wealth managers need in the 20th episode of the Alts Pulse podcast recorded live at the iCapital Connect conference. Watch here.
📝 Read The AGM Op-Ed with Arcesium Private Markets Head Cesar Estrada on how consolidating data can enhance the LP / GP relationship. Read here.
🎥 Watch Benefit Street Partners’ Senior Managing Director, Head of Real Estate and Portfolio Manager Michael Comparato discuss the opportunity in commercial real estate credit. Watch here.
🎥 Watch 73 Strings’ CEO and Co-Founder Yann Magnan discuss how technology innovation is unlocking valuation intelligence in private markets. Watch here.
📝 Read “Alternative Thinking: Connecting the dots with the data with RIA CIOs and KKR’s 2025 RIA Private Markets Survey,” a recap of a conversation with Beacon Pointe CIO Michael Dow, Cary Street Partners CIO Matt Rubin, and KKR MD Matt Magill about how RIA CIOs are allocating to private markets and tying two live examples to data gleaned from KKR’s 2025 RIA Private Markets Survey. Read here.
🎥 Watch Hamilton Lane’s Executive Co-Chairman Hartley Rogers share perspectives from 40+ years of pioneering in private markets in a podcast recorded live at the iCapital Connect conference. Watch here.
🎥 Watch Lincoln International’s Managing Director and Global Head of the Portfolio Valuations practice Brian Garfield share perspectives on how AI is impacting private markets valuations. Watch here.
📝 Read The AGM Q&A with Davidson Kempner Managing Partner and Chief Investment Officer Tony Yoseloff and Partner and Head of Research Suzanne Gibbons for opportunities in credit amidst a capital structure reset. Read here.
🎥 Watch Bridgepoint’s Partner and Chief Investment Officer Xavier Robert provide a masterclass on the European middle market investing landscape. Watch here.
🎥 Watch AlphaCore’s CEO & Founder Dick Pfister share his perspective on building a wealth management firm with “alpha at its core” in a podcast recorded live at the iCapital Connect conference. Watch here.
🎥 Watch HarbourVest’s CEO John Toomey discuss how private markets have changed and how HarbourVest has been “earning investors’ trust” for over 40 years. Watch here.
🎥 Watch Stonepeak’s Partner and Senior Managing Director, Stonepeak Credit Ryan Roberge on the evolution of infrastructure credit. Watch here.
🎥 Watch Bloomberg’s Head of Fixed Income & Private Markets Brad Foster on the convergence between public and private markets and how the market structure evolution in private markets might unfold. Watch here.
📝 Read The AGM Q&A with MSCI Head of Private Assets Luke Flemmer for perspectives on how market structure is evolving to build increased transparency in private markets. Read here.
🎥 Watch Brookfield Asset Management’s President, Private Equity Group David Nowak discuss what “earn your seat” private equity means and how Brookfield’s owner-operator and industrial heritage have shaped the firm’s private equity investment business. Watch here.
🎥 Listen and watch EQT’s Deputy Managing Partner and Chairperson of EQT Real Assets Lennart Blecher share the history, background, and evolution of the firm’s infrastructure investment business and how EQT takes an active ownership approach to real assets. Listen here and Watch here.
🎥 Watch Stable Asset Management’s Founder & CEO Erik Serrano Berntsen discuss the evolution of the GP seeding market and what it takes to build a great alternative asset management firm. Watch here.
🎥 Watch MSCI’s Head of Private Assets Luke Flemmer discuss the evolution in private markets market structure and how standardization, normalization, and transparency of data will transform private markets. Watch here.
🎥 Watch AGM Unscripted at the Goldman Sachs Alternatives Summit with Partners Matt Gibson (here), James Reynolds (here), Kristin Olson (here), Harold Hope (here), Michael Bruun (here), and Jeff Fine (here).
🎥 Watch Lexington Partners’ Partner Taylor Robinson share details about the evolution of the secondaries market and why secondaries are in the spotlight. Watch here.
📝 Read The AGM Q&A with Blue Owl Senior MD and CEO of Global Private Wealth Sean Connor on how they are serving the wealth channel in 2026 and beyond. Read here.
🎥 Watch Ultimus Fund Solutions’ CEO Gary Tenkman discuss how Ultimus is helping to build core fund administration infrastructure that powering the evergreen evolution and is helping to make private markets go mainstream. Watch here.
🎥 Watch Goldman Sachs’ Partner and Global Head of Private Wealth Management Capital Markets and Global Head of Goldman Sachs Apex Family Office Coverage Sara Naison-Tarajano discuss how Goldman Sachs has built its Apex Family Office Coverage group to serve UHNW families and family offices. Watch here.
📝 Read about the expansion of Alt Goes Mainstream, with the announcement of AGM Community, the creation of the AGM Community RIA Advisory Board, and why we believe that the industry should have small, curated events and community-building efforts. Read here.
🎥 Watch Stonepeak’s MD and CEO of SP+ INFRA Cyrus Gentry discuss the why and the how of bringing infrastructure investing to the wealth channel. Watch here.
🎥 Watch Blue Owl’s Senior MD and President & CEO of Global Private Wealth Sean Connor discuss the firm’s focus on the wealth channel and how the firm is a growth company in a growth industry that is investing in megatrends. Watch here.
🎥 Watch the latest Alts Pulse with iCapital Chairman & CEO Lawrence Calcano where we go global and discuss Lawrence’s recent trip to Asia to peer into the nuances of the different wealth management markets around the globe. Watch here.
🎥 Listen and watch EQT’s Chairperson EQT Asia and Head of Private Capital Asia Jean Eric Salata share reflections on leadership, culture, and values from one of the world’s largest investment firms. Listen here and Watch here.
🎥 Listen and watch EQT’s Founder and Chairperson Conni Jonsson discuss how EQT has built a global private equity firm the Nordic way. Listen here and Watch here.
🎥 Watch Vista Equity Partners’ President and COO David Breach discuss how Vista has built a software investing powerhouse in the age of AI. Watch here.
🎥 Watch ING’s Anneka Treon, Global Head of Private Banking, Wealth Management & Investments, and Johan Kloeze, Head of Private Banking & Wealth Management NL, ING, share lessons learned from building a private markets platform for private wealth clients. Watch here.
🎥 Watch Oaktree Capital Management’s Co-CEO and Head of Performing Credit Armen Panossian share why investors shouldn’t “have to reach for risk to generate the right return.” Watch here.
🎥 Watch Franklin Templeton’s COO - Global Wealth Management Alternatives George Stephan discuss the evolution of Franklin Templeton’s Alternatives business and how the firm has brought public and private together. Watch here.
🎥 Watch iAlta Holdings’ Founding Partner Bill Crager discuss the evolution of wealthtech from building Envestnet as Co-Founder and CEO to why today is a “transformational moment” in wealth management. Watch here.
🎥 Watch Vista Equity Partners’ Founder, Chairman, and CEO Robert F. Smith discuss who will benefit from AI and how he built a $100B enterprise software scaled specialist firm. Watch here.
🎥 Watch Nomura Capital Management’s CEO Robert Stark discuss how they have built a private credit firm within a global bank. Watch here.
📝 Read The AGM Op-Ed with Blue Owl Senior MD and Head of Digital Infrastructure Matt A’Hearn on building the backbone of the digital economy. Read here.
🎥 Watch PGIM’s Global Head of Alternative Investments Dominick Carlino discuss the evolution of distributing alternative investments to the wealth channel. Watch here.
🎥 Watch Blue Owl’s Senior MD and Head of Digital Infrastructure Matt A’Hearn share why he believes there’s a generational opportunity in financing digital infrastructure. Watch here.
🎬 Watch AGM Originals The DNA - Season 1 with conversations with EQT’s Conni Jonsson, Jean Salata, Lennart Blecher, Geraldine O’Keeffe, Peter Beske Nielsen, Peter Aliprantis, Hari Gopalakrishnan, William Vettorato, and Ken Wong about the firm’s DNA and its different investing capabilities. Watch here.
🎥 Watch PGIM’s Head of Multi-Asset and Quantitative Solutions Phil Waldeck discuss the intersection of insurance and asset management. Watch here.
🎥 Watch Stonepeak Chairman, Co-Founder, CEO Mike Dorrell share his story as a pioneer in infrastructure investing. Watch here.
🎥 Watch Hg Partner and Head of Value Creation Chris Kindt discuss AI’s transformative role in value creation for private equity. Watch here.
🎥 In Permira Part 2, watch Permira Co-Chairmen & Co-CEOs Brian Ruder and Dipan Patel discuss how the collaborative leadership model in action has helped the firm scale to an €80B alternative asset manager. Watch here.
🎥 Watch Permira Co-Chairman & Co-CEO Dipan Patel discuss how to scale an €80B alternative asset manager. Watch here.
🎥 Watch Morningstar CEO Kunal Kapoor cover the most pressing topics in private markets today, including the convergence of public and private, liquidity vs illiquidity, investor education, the importance of transparency, and the why, what, and how behind evergreen funds. Watch here.
🎥 Watch The Compound and Friends (TCAF) Co-Hosts and Ritholtz Wealth Management Partners Downtown Josh Brown and Michael Batnick and I go back and forth about private markets on TCAF Episode 207. Watch here.
🎥 Watch Stonepeak Co-President Luke Taylor discuss what it takes to be a great infrastructure investor. Watch here.
🎥 Watch Arcesium MD and Head of Client and Partner Development David Nable discuss how to architect private markets technology infrastructure for the future. Watch here.
🎥 Watch Hg Senior Partner and Executive Chairman Nic Humphries discuss how Hg has grown into a $100B scaled specialist and how one of the industry’s leading private equity technology and services investors is “navigating investing at an inflection point in history.” Watch here.
🎥 Watch EQT Partner, Head of Private Wealth Americas Peter Aliprantis live from Miami on how EQT is bringing global local. Watch here.
📝 Read The AGM Op-Ed with Arcesium SVP, Business Development - Private Markets Jean Robert on why asset managers need to rethink reporting as a strategic advantage. Read here.
🎥 Watch Blue Owl Co-President and Global Head of Real Assets Marc Zahr share the story of how he built Oak Street from $17M in AUM in 2009 to what is now Blue Owl’s $67.1B AUM Real Assets business in a live Alt Goes Mainstream podcast at Future Proof Citywide. Watch here.
🎥 Watch Hg’s Partner and Head of Hg Wealth Martina Sanow discuss how Hg has unlocked opportunities for the wealth channel to invest in Europe’s largest portfolio of software and services businesses. Watch here.
🎥 Watch Goldman Sachs’ Partner and Global Co-Head of the Petershill Group at Goldman Sachs Robert Hamilton Kelly discuss the evolution of the GP stakes industry and how Goldman has become a market leading GP stakes investor. Watch here.
🎥 Watch Blue Owl’s MD, Head of Alternative Credit Ivan Zinn unpack private credit and why ABF has become a prominent part of the private credit ecosystem. Watch here.
📝 Read The AGM Op-Ed with Blue Owl Head of Alternative Credit Ivan Zinn on why “asset-based finance today mirrors the evolution of corporate direct lending from over a decade ago.” Read here.
🎥 Watch Krilogy’s Partner and CIO John McArthur discuss how an RIA can chart a growth path by building out its private markets capabilities. Watch here.
🎥 Watch New Mountain Capital’s Founder & Chief Executive Officer Steve Klinsky discuss how $55B AUM New Mountain has built a business that builds businesses. Watch here.
🎥 Watch Arcesium’s Private Markets Head Cesar Estrada discuss data silos and technology integrations in private markets. Watch here.
🎥 Watch GeoWealth President & COO Jack Hannah and iCapital SVP, Partnerships Michael Doniger discuss the ground-breaking BlackRock, iCapital, and GeoWealth unified managed account partnership live from iCapital Connect. Watch here.
🎥 Watch Goldman Sachs’ Managing Director, Global Head of Alternatives, Third Party Wealth Kyle Kniffen discuss how they are “standing on the shoulders of Goldman Sachs to be a complete partner” for the wealth channel. Watch here.
🎥 Watch Fortress Investment Group Managing Director & Co-Head of Private Wealth Solutions Adam Bobker discuss how Fortress has built a wealth solutions business from a whiteboard, leaning on the firm’s pioneering history of innovation. Watch here.
🎥 Watch Constellation Wealth Capital President & Managing Partner Karl Heckenberg on why there will be a $1T independent wealth management firm. Watch here.
🎥 Watch BlackRock Managing Director, Co-Head of US Wealth Business, Senior Sponsor for Retirement Business Jaime Magyera and iCapital Chairman & CEO Lawrence Calcano discuss the ground-breaking BlackRock, iCapital, and GeoWealth unified managed account partnership live from iCapital Connect. Watch here.
🎥 Watch KKR Partner & Co-CEO of KKR Private Equity Conglomerate LLC (K-PEC) Alisa Wood discuss how the firm has innovated in private markets, why KKR came up with the Conglomerate structure, and how evergreens can play a role in investors’ portfolios. Watch here.
🎥 Watch Cantilever Group’s Co-Founder and Managing Partner Todd Owens in a live podcast from BTG Pactual’s NYC office share why GP stakes can be the best of all worlds. Watch here.
📝 Read The AGM Op-Ed with Arcesium Private Markets Head Cesar Estrada on the rise of asset-based finance and why it’s the next growth engine for private credit. Read here.
🎥 Watch BlackRock’s Head of the Americas Client Business Joe DeVico, Head of Product for US Wealth & Head of Alts to Wealth Jon Diorio, and Partners Group's Co-Head of Private Wealth Rob Collins discuss their landmark private markets model portfolio partnership that could be the industry’s “iPhone Moment.” Watch here.
🎥 Watch Brookfield Oaktree Wealth Solutions CEO John Sweeney discuss how to build a high-performing wealth solutions team and why the word “solutions” matters when working with the wealth channel. Watch here.
🎥 Watch Cerity Partners’ Partner & Chief Client Officer Tom Cohn and Partner Amita Schultes talk about how and why they have combined a leading OCIO with a $100B AUM wealth management practice. Watch here.
🎥 Watch Marc Lipschultz, Co-CEO of Blue Owl, talk about how they have aimed to skate where the puck is going as Blue Owl has grown its AUM to $265B in nine years. Watch here.
📝 Read The AGM Q&A with Blue Owl Co-CEO Marc Lipschultz, where he highlights some of the trends that have propelled alternative asset management into the mainstream: scale, a focus on private credit, and a focus on private wealth. Read here.
🎙 Listen to Stephanie Drescher, Partner & Chief Client & Product Development Officer of Apollo, discuss what is safe and what is risky as she dives into both the convergence between public and private and the nuances of asset allocation. Listen here.
🎥 Watch Joan Solotar, Global Head of Private Wealth Solutions at Blackstone share why it’s not even early innings, but that it’s “spring training” for private markets adoption by the wealth channel. Watch here.
🎥 Watch Venkat Subramaniam, Co-Founder of DealsPlus on building a single source of truth for private markets. Watch here.
🎥 Watch Hamilton Lane Managing Director, Co-Head US Private Wealth Solutions Stephanie Davis and iCapital Co-Founder & Managing Partner Nick Veronis discuss the evolution of evergreen funds on the third episode of the Investing with an Evergreen Lens Series. Watch here.
🎥 Watch KKR Managing Director, Head of Americas, Global Wealth Solutions (GWS) Doug Krupa and iCapital Co-Founder & Managing Partner Nick Veronis discuss the evolution of evergreen funds on the second episode of the Investing with an Evergreen Lens Series. Watch here.
🎥 Watch Vista Equity Partners Managing Director, Global Head of Private Wealth Solutions Dan Parant and iCapital Co-Founder & Managing Partner Nick Veronis discuss the evolution of evergreen funds on the first episode of the Investing with an Evergreen Lens Series. Watch here.
📝 Read about a year in the book of alts — a compilation of the 1,000+ pages written in weekly newsletters on Alt Goes Mainstream in 2024. Read here.
📝 Read about the launch of the AGM Studio, a collaboration between Alt Goes Mainstream and Broadhaven Ventures to incubate, invest in, and help scale companies and funds in private markets. Read here.
🎥 Watch Stepstone Private Wealth CEO Bob Long discuss StepStone Private Wealth’s edge and nuances with their evergreen structures in the first episode of “What’s Your Edge.” Watch here.
🎥 Watch Co-Founder & Managing Partner of Cantilever Group and former Goldman Sachs and Broadhaven Capital Partners Partner Todd Owens discuss the middle market opportunity in GP stakes investing. Watch here.
🎙 Hear me discuss why and how alts are going mainstream on The Compound’s Animal Spirits podcast with Ritholtz Wealth’s Michael Batnick and Ben Carlson. Listen here.
📝 Read about the evolution of GP stakes, why alternative asset management business models are better than SaaS, and our partnership with Todd Owens and David Ballard at Cantilever, a mid-market GP stakes firm anchored by BTG Pactual. Read here.
🎙 Hear how Chris Long, Chairman, CEO, and Co-Founder of Palmer Square Capital Management has built a $29B credit investment firm and a winning NWSL soccer franchise, the KC Current. Listen here.
🎙 Hear stories from building market-defining companies Blackstone, Airbnb, and private markets from Laurence Tosi, former CFO of Blackstone and Airbnb and Managing Partner & Founder of $7.6B investment firm WestCap. Listen here.
🎙 Hear Chris Ailman, the CIO of $307B CalSTRS, discuss how he manages a portfolio with ~40% exposure to private markets. Listen here.
🎙 Hear Blackstone CTO John Stecher discuss how technology is transforming private markets. Listen here.
🎙 Hear investing legends John Burbank and Ken Wallace of Nimble Partners provide a masterclass on investing with both a macro and VC lens. Listen here.
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Special thanks to Cameron Molnar, Ryan McCormack, Nick Owens, Michael Rutter for their contributions to the AGM Index section of the newsletter.
Disclaimer: Alt Goes Mainstream is an independent newsletter focused on the private markets industry. It is published for informational and educational purposes only and does not constitute investment advice, financial advice, legal advice, or any other form of professional advice. Nothing contained herein should be construed as a recommendation to buy, sell, or hold any security or investment product. The views expressed are solely those of the author and do not represent the views of any affiliated organization, employer, or third party. Some companies, individuals, or organizations featured or mentioned in this newsletter may be current or past sponsors of Alt Goes Mainstream. Sponsorship does not influence editorial coverage, but readers should be aware that a relationship might exist. The author may hold direct or indirect investments in companies, funds, or other entities mentioned in this newsletter.