[Repost]🎙️Capital Allocators with Ted Seides: Alternatives Go Mainstream
Capital Allocators Private Wealth Mini-Series: Joining Ted Seides' podcast to discuss private markets and wealth management
Ted Seides of the Capital Allocators podcast is doing a podcast mini-series on private wealth with some of the industry’s top GPs and wealth channel allocators.
He invited me to join his show to kick off the series to discuss how the wealth channel is becoming an increasingly important part of private markets and how both asset managers and wealth managers are evolving their respective businesses to meet the changing needs of LPs.
Ted and I had a fascinating conversation. We discussed:
How the rise of investing electronically into private markets thanks to the technology market structure evolution has helped to usher in the wealth channel’s participation at scale in private markets.
How and why the industry’s largest alternative asset managers have evolved from funds to firms.
The convergence of institutional and wealth channels.
How the business imperative for asset managers has impacted how firms think about working with investors.
Why alternative asset managers might need to be “either really big or really unique.”
Why wealth solutions businesses are “startups” within a business.
Are the wealth and insurance channels the new “institutional” LPs?
How the institutionalization of the wealth management space is also helping to increase adoption of private markets by the wealth channel.
What is the right product, at the right time, packaged up in the right way for the wealth channel?
How content, brand, and community are shaping the industry’s future.
Thanks Ted for having me on the show to share views on the intersection of private markets and the wealth channel. It was an honor and a pleasure.