Alt Goes Mainstream

Hosted by Michael Sidgmore

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Oct 2026

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Join the smartest people in the room and subscribe to learn how top investors and allocators are incorporating private markets into the portfolios of tomorrow. altgoesmainstream.substack.com

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October 21, 202631 min

🎥 Nomura Asset Management International’s Shawn Lytle - pizza, patterns in asset management, and private markets

Welcome back to the Alt Goes Mainstream podcast. What happens when you bring Tokyo-Neapolitan style pizza to New York? You get one of the hottest new reservations in a city full of top restaurants and pizza spots. Are there similarities between pizza and asset management? Different styles of pizza appeal to different people. Same in asset management. But there is one constant: the way the pizza is made matters. At Pizza Studio Tamaki , the Tokyo-Neapolitan pizza is made with acclaimed pizzaiolo’s Subasa Tamaki’s dough flown in directly from Japan. Every detail matters. Every flavor is unique. And it all blends together into a unique pizza experience. That’s something Nomura Asset Management International is aiming to do in the U.S. with both public and private markets. We recently sat down at Pizza Studio Tamaki for a live podcast with Nomura Asset Management International CEO Shawn Lytle , with the wealth channel in the audience, to discuss pizza, patterns in asset management, and private markets. Shawn’s deep experience working for a number of the industry’s largest asset managers and understanding of what the wealth channel needs across public and private markets set the table for a great discussion on the evolution of asset management, how culture impacts how firms work with the wealth channel, and how to bring an international brand into the U.S. market. We ate the pizza while we podcasted, and we even did a pizza rating. Spoiler alert, PST was really good. So was the podcast. Bio Shawn is Chief Executive Officer of Nomura Asset Management International, where he is responsible for overseeing the business, investment teams, and strategies for clients. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. He also serves as the President of Nomura Funds (formerly, Macquarie Funds) and oversees registered vehicle governance in the US and Europe. Shawn is a member of the Nomura Asset Management International Executive Committee He has more than 30 years of asset management experience. Before joining Macquarie in 2015, he held several management and equity investment roles at UBS Asset Management and various roles at J.P. Morgan Asset Management. Shawn is a member of the Investment Company Institute (ICI) Executive Committee. He is also a board member of OppNet and Philadelphia Financial Scholars, in addition to being the former Chairman of the National Association of Securities Professionals (NASP). He earned a Bachelor of Science in marketing from The McDonough School of Business at Georgetown University. Thanks, Shawn, for sharing your expertise, wisdom, and passion about asset management and private markets. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Tokyo Pizza Meets NYC 01:07 Ultimus Fund Solutions Sponsor Message 02:05 Meet Shawn Lytle 02:18 Inside Pizza Studio Tamaki 02:37 No Barstool Review Tonight 03:49 Craftsmanship and Culture 05:16 Four Firms Four Cultures 07:09 Bringing Japan to US Wealth 07:40 Asset Manager Fundamentals 08:42 Nomura Long Term Edge 09:23 Choosing the Right Partner 10:06 Diversification Not Mag 7 11:13 Curated Choice Trend 12:11 Models and Mixing Strategies 13:30 Beta Is Free Alpha Matters 14:32 Building Nomura Platform 15:46 Investing Not Cost Cutting 16:35 Nomura ETF Success Japan 17:50 Marketing Innovation Push 18:13 Sports Marketing Origins 19:34 Trust Builds Brand Equity 21:43 Shelf Space Consolidation 23:16 Defining the Nomura Brand 24:02 Next Wave Private Markets 24:32 Vehicles Liquidity Fit 25:51 Private Credit Signal Noise 28:04 Brand Equity Consumer Analogy 29:56 Pizza Rating Time 30:46 Wrap Up and Thanks Editing / post-production work for this episode was provided by The Podcast Consultant . This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

October 13, 202654 min

🎥 Arcesium’s Jeb Altonaga - where data and decision-making intersect to drive “operational mastery”

Welcome back to the Alt Goes Mainstream podcast. Today’s podcast dives into the world of data and decision-making in private markets. We were in the studio with private markets polymath Jeb Altonaga . Jeb is SVP, Head of Business Development in Private Markets at Arcesium , where they have built a financial management data platform aimed at solving the data normalization problem across public and private markets. Jeb’s multihyphenate background puts him in a position to see the data challenges for GPs and LPs alike from all different angles as Arcesium works to take unstructured data and turn it into structured data and insights to help asset managers run their businesses more efficiently and serve LPs better. Jeb’s background spans Citadel, where he was Head of Relationship Management & Operations in Asia-Pacific, to being an LP as the COO at Blue Pool, a large family office based in Asia, to running capital formation and as COO at Australian activist investment firm Sandon Capital. He joined Arcesium in August 2025 to spearhead the execution of business strategy and the product roadmap for Arcesium’s software solutions in private markets. We had such a fascinating discussion given the various vantage points that Jeb has had in private markets. We covered: How to think about data normalization and why it matters. Where and when transparency makes sense. Which asset classes may benefit from less transparency. What secondary markets might do to transparency in private markets. What a tradable market in private markets could look like. The evolution of private credit’s market structure. What Jeb would make more efficient about private markets. Why it’s important to be a lifelong learner. Bio Jeb Altonaga leads business development for Arcesium’s Private Markets segment, drawing on over 25 years in alternative investments, capital formation and funds management. He founded Clearglass Capital Partners, a private capital advisory firm, and previously served as COO at Sandon Capital in Sydney and Partner & COO at Blue Pool Capital (& Pinyin) in Hong Kong and began his buy-side career at Citadel Investment Group in Chicago. Jeb holds an MBA from NYU Stern and has served on the board of Hedge Funds Care Asia. Thanks, Jeb, for sharing your wisdom, expertise, and passion about public and private markets. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Welcome to Alt Goes Mainstream 01:25 A Message from Ultimus Fund Solutions 02:26 Meet Jeb Altonaga 03:02 Career Breadth Advantage 04:09 Why Arcesium Now 04:47 From Loan Tapes to AI 07:07 The Missing Middle Layer 08:23 API First Standardization 09:09 Do GPs and LPs Want Standards 10:54 LPs Must Drive Change 11:52 LP Diversity and Budgets 14:49 AI Adoption For Different Generations 18:12 Private Markets Desktop Race 21:41 Speed Delivery and Incentives 24:11 Evergreens and Secondaries Push 29:22 Secondaries as Rebalancing Tool 30:09 Transparency vs Information Edge 30:46 Private Equity Needs Less Transparency 31:08 Why Private Credit Is Different 32:48 Highway Analogy for Market Evolution 34:13 Tech Stitching Private Markets Data 35:11 Golden Source Data Lake Explained 36:16 Arcesium Intelligence and Agents 38:01 Why Firms Get Different Outcomes 40:50 Tech Democratization and Human Edge 42:28 Private Credit Marketplace Debate 44:29 Locks, Liquidity, and Stability 47:13 Secondary Trading Desks Game Changer 49:07 Magic Wand Fix Security Master 53:09 Industrywide Effort and Closing Thought Editing / post-production work for this episode was provided by The Podcast Consultant . This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

October 6, 202647 min

🎥 Clarion Partners’ Josh Pristaw - an industrious approach to real estate investing

Welcome back to the Alt Goes Mainstream podcast. Today’s podcast dives into the world of real estate with one of the industry’s largest managers and investors in industrial real estate. We sat down in Franklin Templeton’s New York City office with real estate veteran Josh Pristaw , Managing Director, President of Clarion Partners , a $73.3B AUM real estate investment firm within Franklin Templeton’s alternatives platform. Josh discussed data and durable demographics, which are drivers of the deeply researched investment process that his team at Clarion employs to invest in industrial real estate. Josh’s background, which spans developing shopping centers to investing in real estate Brazil to running one of the industry’s leading single-family rental investing platforms at Pretium, has helped him lead Clarion, one of the industry’s largest industrial real estate investment platforms. Josh and I had a fascinating conversation, connecting data and demographics to actionable insights in real estate investing. We covered: The durable demographic and secular trends driving Clarion’s investment strategy in healthcare real estate. How 10,000 people turning 80 years old in the US daily is creating an “aging in place” dynamic that is impacting housing supply and self-storage demand. Why industrial demand is tied to e-commerce growth. How Clarion takes a quantitative approach to real estate investing, evaluating sub-markets using recursive factor analysis. How diversification and liquidity drive Clarion’s open-ended fund strategy, with 95% of the firm’s $73.3B in AUM residing in open-ended funds. Why data centers pose liquidity, capex, valuation, and concentration challenges for open-ended fund vehicles. Bio Josh Pristaw, equity owner and Managing Director, is President of Clarion Partners. He is a member of the Firm’s Executive Board, Investment Committee, and the Board of Directors for Clarion Partners Holdings, LLC. He joins Clarion from Pretium, where he served as Senior Managing Director and Head of Pretium’s real estate platform. Prior to Pretium, Josh co-founded GTIS Partners. He has more than two decades of real estate experience across property sectors and functions, including acquisitions, asset management, portfolio development, and capital markets. He joined Clarion Partners in 2025 and has been working in the industry since 1997. Josh graduated from Dartmouth College, B.A. (1997). Thanks, Josh, for sharing your wisdom, expertise, and passion about real estate investing and your data-driven approach to the asset class. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Introduction 01:14 Message From Ultimus Fund Solutions, Our Sponsor 02:46 Josh’s Career Origins 05:01 Understand Demographics and Mega Trends 06:36 Senior Housing Supply Gap 07:35 Housing Turnover and Storage 08:51 Data Models Across Sectors 10:40 Four Drivers of Returns 13:06 Timing Bets and Liquidity 16:20 Lessons Learned From Building In Brazil 22:20 Data Meets Relationships 22:35 Clarion Data Science Edge 23:32 Asset Class Specialists 23:56 Vertical Integration Analytics 24:21 Housing Demand Funnel 25:03 Industrial Demand Megatrends 25:19 Ecommerce Growth Wave 26:05 Efficiency and Taller Warehouses 26:58 Robotics Power and Floors 27:51 Future-Proofing Specs 29:08 Infrastructure Constraints Risk 31:04 Macro Trends Change Underwriting 32:20 Why Not Big Data Centers 36:14 Liquidity Mismatch Warning 39:34 Evergreen Fund Playbook 41:13 Hardest Parts and Skills 45:15 Career Advice and Wrap Up Editing / post-production work for this episode was provided by The Podcast Consultant . This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

September 29, 202657 min

🎥 EQT’s Christian Sinding - “Why not” Europe and building the €1 trillion company

Welcome back to the Alt Goes Mainstream podcast. Today’s podcast takes us to Oslo, Norway, for a very special conversation with Christian Sinding , the former CEO of one of the industry’s leading alternative asset managers, EQT . Christian’s hometown of Oslo provided an ideal setting to showcase both the Nordic heritage that represents EQT’s DNA and the global ambitions of a firm (and one of its portfolio companies, 1X ) that is looking to fund Europe’s first €1T company. Christian has been one of the alternative asset management industry’s leaders. He was most recently the CEO of EQT, where he steered the firm on an impressive growth path as a public company and helped scale the firm to almost €300B AUM. He’s now focused on another ambitious project: the Scaleup Europe Fund , a fund that EQT is managing and has support from the European Commission to invest in Europe’s most promising technology companies. With 1X Tech’s NEO humanoid robot joining us for part of the discussion, Christian and I had a fascinating conversation about the past, present, and future of alternative asset management and Europe’s technology ecosystem. Christian and I discussed: The evolution of EQT and alternative asset management. What Europe needs in order to fund the future. How Europe can harmonize its capital markets infrastructure. What it will take to create the €1T company. What it means for companies to have global ambition. The what, why, and how behind EQT’s Scaleup Europe Fund. Why EQT’s Scaleup Europe Fund invested in Iceye and Lovable. Why EQT invested in 1X Tech. How Christian’s “why not” attitude can take Europe’s technology ecosystem to the next level. Bio Christian Sinding is an Institutional Partner at EQT with nearly 30 years of experience at the firm. He served as CEO and Managing Partner from 2019 to May 2025, during which EQT quadrupled in size, becoming the fourth-largest company listed on the Swedish stock exchange. As CEO, Christian oversaw EQT’s public listing on Nasdaq Stockholm in 2019 and guided the firm’s development as a publicly listed organization, with a strong focus on governance, transparency and long-term, responsible ownership. Prior to becoming CEO, Christian served as Head of EQT Equity from 2011, where he played a central role in building EQT’s core investment franchise and expanding the firm’s international footprint. Under his leadership, EQT scaled from a market value of approximately €6 billion at listing to around €40 billion in 2025, further strengthening its position as a global leader in private markets. Christian chairs the EQT Council and the Global Investment Forum, serves as Chair of the Investment Committee for the Scaleup Europe fund, and serves on the Investment Committees for EQT Equity and EQT Future. He is also a board member of the EQT Foundation, supporting EQT’s long-term societal engagement. Christian brings deep experience in leadership, governance, public markets and long-term value creation, with a focus on resilience and partnering with founders and management teams to build durable, globally competitive businesses. Thanks, Christian, for sharing your passion, expertise, and wisdom about private markets and building companies and for such a fascinating conversation. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Meet NEO, the 1X Robot 00:06 Europe’s $10B Gap 00:18 The “Why Not” Mindset 00:29 Lovable and The Trillion Euro Ambition 01:37 A Message From Our Sponsor, Ultimus Fund Solutions 02:38 Christian Sinding’s Nordic Roots 03:18 Scandinavian Roots Global Outlook 05:40 EQT Culture and DNA 09:10 Inspiring Change Full Potential Plans 11:34 Troika Model Explained 14:43 IPO Success Playbook 19:37 EQT Growth Strategy 22:41 Why Venture and Growth 26:04 Hard Tech Capital Needs 30:58 Europe at a Turning Point 30:58 Europe’s Innovation Gap 33:51 Policy Push for Growth 34:25 Rethinking European Listings 35:05 Building a Pan-European Exchange 35:45 From Local Winners to Global Ambition 37:10 Geopolitics Fuels Founder Drive 38:09 Lovable and the Trillion Euro Vision 39:10 EU Inc and Capital Reforms 40:58 Private Longer Needs More Capital 41:38 Scale Up Europe Fund 44:19 Why This Fund Wins 48:56 Catalyzing Europe’s Flywheel 51:41 The “Why Not” Mindset 54:07 NEO the 1X Robot in Action 57:23 Wrap Up and Thanks Join over 17,400 Substack subscribers & followers and 46,000 LinkedIn and podcast followers who are thought leaders and executives from top private markets firms and wealth management like Blackstone, Apollo, Ares, KKR, EQT, Carlyle, Blue Owl, CVC, TPG, Brookfield, Vista, Goldman Sachs, J.P. Morgan, BlackRock, Fidelity, iCapital, Franklin Templeton, Nuveen, Hg, Permira, Stonepeak, Hamilton Lane, StepStone, Partners Group, General Atlantic, Hightower, Focus Financial, Corient, Cerity Partners, and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

September 22, 202639 min

🎥 KKR’s Pete Stavros - a culture of ownership - live from AGM’s RIA Field Trip

Welcome back to the Alt Goes Mainstream podcast. Today’s podcast takes us into the importance of ownership and equity, and how the world’s largest private equity firm ( source: PEI 300 ) has helped create a culture of ownership within its portfolio companies and more broadly across the industry. With the backdrop of KKR’s studio in New York and the firm fresh off the heels of celebrating its 50th Anniversary, we sat down with KKR ’s Global Co-Head of Private Equity Pete Stavros for a live conversation during AGM’s RIA Field Trip to discuss how culture can be a competitive advantage and how it defines much of what KKR does both internally and with its portfolio companies. Pete has not only been a leading private equity investor at one of the industry’s largest firms, but he’s also been a pioneer in one of the industry’s most important initiatives: enabling employees of private equity-backed companies to share in ownership of the companies where they work. The firm’s Broad-Based Employee Ownership has delivered on its promise in many ways, with KKR’s recent 14x (and $4.75B) exit on CoolIT providing all 650 CoolIT employees with cash payouts that ranged from approximately one year to more than eight years of annual pay, which, as Pete noted in our conversation, was “life-changing for many employees.” Pete and I had a fascinating conversation about the culture of ownership at KKR, the evolution of the firm’s private equity platform, why it’s so important to make employees owners, and how it’s created a ripple effect in the industry. We covered: KKR’s “we not I” culture. Why the most important trend in private equity going forward will be a shift from “balance sheet and income statement arbitrage to total cultural transformation.” Why and how culture is an advantage — and how KKR sustains its competitive advantage. The power of a scaled platform and why the division of labor is important as firms grow. What Pete means by “persistence in process.” How can companies encourage people to act like owners, and why is it so important for employee retention and productivity? How can sharing equity ownership be used as a tool to change culture? The impact the private equity industry can have through its ability to cascade change. Bio Pete Stavros (NewYork) joined KKR in 2005 and is Co-Head of Global Private Equity. This includes oversight of assets across Europe, Asia and the Americas and traditional large and mid-cap private equity, core and growth equity. Prior to this role, Pete served as Co-Head of the Americas Private Equity platform. He is a member of several investment committees at KKR. As an investor, Pete has helped lead a number of successful investments across sectors and sizes, including HCA Healthcare, Nielsen, Gardner Denver / Ingersoll Rand, Capsugel, Capital Safety, Hyperion, Flow Control Group, Charter Next Generation, Minnesota Rubber and Plastics, Geostabilization International, Crosby Group and CHI Overhead Doors. Prior to becoming Co-Head of Americas Private Equity, Pete led the Industrials industry team where he pioneered an innovative employee engagement and ownership model. This approach has been successfully implemented at more than 90 KKR companies and has positively impacted more than 200,000 workers. Pete is the Founder and Chairman of Ownership Works, a non-profit focused on building a worker ownership movement globally and enhancing the financial resiliency of the workforce. The goal of Ownership Works is to create more than $20 billion of wealth for working families over the next decade. Pete is also the Founder and Chairman of Expanding ESOPs, an organization focused on dramatically expanding the number of Employee Stock Ownership Plans (ESOPs) in corporate America. Prior to joining KKR, Pete was an investor with GTCR Golder Rauner, where he was an investor in the healthcare sector. He holds a B.S. in Chemistry, magna cum laude, from Duke University and an M.B.A. with high distinction, Baker Scholar, from Harvard Business School. Thanks, Pete, for sharing your wisdom, expertise, and passion on private equity and making everyone an owner. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Live From AGM Field Trip at KKR Studio In NYC 00:29 A Message From Ultimus Fund Solutions 02:00 Meet Pete Stavros 02:09 The Story of Joining KKR 02:33 From Interviews To NYC 03:08 All About Collaboration 03:26 A No Star Culture 04:40 How Culture Is Sustained 04:53 Ritz-Carlton Analogy 05:23 No Star Culture 05:42 Culture Shapes Investing 06:07 Platform Resources Edge 06:24 Capital Markets Bench 06:41 Macro And Ops Experts 07:06 Making Resources Work 08:11 Consistency And Process 08:40 Evolving Value Creation 09:07 Gardner Denver / Ingersoll Rand Case 09:49 Value Engineering Method 10:09 Warehouse Teardown 10:54 Customer Feedback Loop 11:25 Sixty Million In Savings 11:50 Culture As The Next Frontier 12:16 Defining Transformation 12:27 Workforce Crisis Stats 13:39 Problems Are Global 15:04 Underwriting Culture Risk 15:28 Leadership Makes It Work 16:42 Ownership Done Right 17:49 BBEO Origins 20:07 Early Mistakes Learned 20:51 Scaling To 85 Companies 21:00 CoolIT Exit Results 22:00 Closing The Wealth Loop 22:26 Financial Literacy Journey 23:02 Truck Loan Lesson 23:54 Building Resilience Stack 25:42 Exit Support Package 26:17 Industry Adoption 27:13 Ownership Works Launch 27:51 Street Loan Cautionary Tale 30:03 Why Share The Playbook 31:42 Taking Ownership Global 32:13 International Rollout 33:30 Local Culture Differences 34:19 State Of Private Equity 34:45 Is Software Dead 35:17 KKR Software Approach 36:41 AI At Portfolio Scale 37:34 One Hundred Thirty Tests 37:57 Buying The Fear Trade 38:11 Accounting Is Not Dead 39:14 Closing Thoughts Join over 17,300 Substack subscribers & followers and 46,000 LinkedIn and podcast followers who are thought leaders and executives from top private markets firms and wealth management like Blackstone, Apollo, Ares, KKR, EQT, Carlyle, Blue Owl, CVC, TPG, Brookfield, Vista, Goldman Sachs, J.P. Morgan, BlackRock, Fidelity, iCapital, Franklin Templeton, Nuveen, Hg, Permira, Stonepeak, Hamilton Lane, StepStone, Partners Group, General Atlantic, Hightower, Focus Financial, Corient, Cerity Partners, and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

September 17, 20261 hr 19 min

🎥 I Squared’s Dr. Sadek Wahba - it’s time to “Build”

Welcome back to the Alt Goes Mainstream podcast. We went to Miami to sit down with the professor of infrastructure investing and Founder, Chairman, and Managing Partner of I Squared , Dr. Sadek Wahba . Sadek has blended academic knowledge and a practical approach to infrastructure investing to build I Squared into a $60B infrastructure investment firm in 14 years, some of which he has adroitly distilled into the 2024 book that he authored, Build: Investing in America’s Infrastructure . We had such a fascinating and wide-ranging discussion that I’ve decided to break down our conversation into chapters. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Welcome to Alt Goes Mainstream at I Squared in Miami 01:39 A Message From Our Sponsor, Ultimus Fund Solutions 02:41 Meet Dr. Sadek Wahba 03:18 Career Path Origins 03:59 World Bank Lessons 07:36 Private Sector Contrast 08:55 I Squared Focus Model 10:22 Platform Playbook 13:02 Dr. Wahba’s Book 14:35 AI Infrastructure Wave 16:19 No Free Lunch: Ownership and Regulation 16:58 Politics And History 19:57 Municipal Debt Funding 21:55 User Fees Reality 25:55 Ownership Management Regulation 29:57 Incentives 32:40 If It Sounds Too Good To Be True 33:57 I Squared Investing Approach 37:29 Risk Return Discipline 39:17 Building Durable Infrastructure 40:37 Regulation Risk Reality 42:27 Balancing Risk Return 43:50 Why Middle Market Wins 45:14 Great Management Traits 46:22 Infra Tech And AI 49:51 Platform Building Playbook 52:59 Capital Flows And Competition 57:57 Democratizing Infrastructure Ownership 01:04:11 Privatization And Listed Airports 01:07:42 Retirement Accounts For Infrastructure 01:09:28 Nearshoring And National Security 01:16:02 Investor Skillset And Edge 01:18:01 What Drives The Mission Join over 17,300 Substack subscribers & followers, 46,000 LinkedIn and podcast followers, and syndication to the 330,000 Bloomberg Terminal userswho are thought leaders and executives from top private markets firms and wealth management like Blackstone, Apollo, Ares, KKR, EQT, Carlyle, Blue Owl, CVC, TPG, Brookfield, Vista, Goldman Sachs, J.P. Morgan, BlackRock, Fidelity, iCapital, Franklin Templeton, Nuveen, Hg, Permira, Stonepeak, Hamilton Lane, StepStone, Partners Group, General Atlantic, Hightower, Focus Financial, Corient, Cerity Partners, and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

September 10, 20261 hr 13 min

🎥 Golub Capital’s David Golub - inside the mind of one of private credit’s pioneers

Welcome back to the Alt Goes Mainstream podcast. We went to Golub Capital ’s New York office to sit down with Co-CEO David Golub . David Golub and his brother Lawrence both started their careers in private equity. It was their experiences in private equity in the 1990s that turned them into private credit pioneers. Lawrence and David have built Golub Capital into a $95B private credit behemoth, largely due to their pioneering decision to create the “one-stop” unitranche loan solution for sponsor-backed companies after spotting a gap in the sponsor finance market. Fast forward over 30 years, and Golub Capital is one of the leaders in private credit. David discussed how Golub has spent the balance of its life as a scaled specialist credit manager “honing the competitive advantages” that make the firm so unique. Golub has built a cadre of 200 high-quality sponsor relationships with many of the industry’s top private equity firms, which call on them when they are seeking sponsor financing for their companies. David and I had a fascinating conversation that covered everything from the early days of private credit to the story of pioneering unitranche loans to what LPs should look for in GPs to the psychology of relationships and partnerships. We discussed: What David and Lawrence saw in the early days of private equity informed how they decided to build Golub. Why the unitranche loan became popular with private equity sponsors. What Golub looks for in relationships with private equity sponsors. Why focus has been a key driver of scaling Golub’s business. What LPs should ask GPs when evaluating their fund and firm. Why LPs should evaluate GPs based on how GPs think about their own business. The psychology of relationships and partnerships. How David’s experience being surrounded by a family of psychologists and psychiatrists has given him an edge in investing, negotiating, and building win-win relationships. Bio David B. Golub, Co-Chief Executive Officer David Golub is Co-Chief Executive Officer of Golub Capital, a market-leading, award-winning direct lender and experienced private credit manager. As of April 1, 2026, Golub Capital had over $90 billion of capital under management, a gross measure of invested capital including leverage. Golub Capital partners with institutional investors and family offices, offering tailored solutions for investors’ credit asset strategies. The Firm specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Golub Capital has been a top 3 U.S. Middle Market Bookrunner each year from 2008 through Q1 2026 for senior secured loans of up to $500 million for leveraged buyouts. Golub Capital has been consistently recognized with industry awards, including Lender of the Year, Americas ( Private Debt Investor , 2014, 2015, 2016, 2018, 2021, 2022, 2023, 2024) Lender of the Decade, Americas ( Private Debt Investor , 2023), Senior Lender of the Decade, Americas ( Private Debt Investor , 2023), Senior Lender of the Year, Americas ( Private Debt Investor , 2015, 2016, 2017, 2019, 2020, 2023, 2025) and BDC Manager of the Year, Americas ( Private Debt Investor , 2015, 2016, 2017, 2023). Mr. Golub is active in charitable and civic organizations. Mr. Golub is a member of the Founder’s Council of the Michael J. Fox Foundation for Parkinson’s Research, where he was the first board Chairman and a long-time director. Mr. Golub is Co-Founder and Chair of the Golub Capital Nonprofit Board Fellows Network, which operates at 20 leading business schools; its mission is to make nonprofit boards more effective by training hundreds of MBA students each year to become highly skilled nonprofit directors. Mr. Golub is a member of the Association of Marshall Scholars’ Director’s Circle and previously was a member of the Stanford Graduate School of Business Advisory Council. He has served on the boards of the Loan Syndications and Trading Association, the Hudson Guild and the World Policy Institute. Mr. Golub is on the board of directors of Burton Snowboards and has served on the boards of numerous public and private companies. Prior to joining Golub Capital in 2003, Mr. Golub was a Managing Director of Centre Partners, a leading middle market private equity firm, and of Corporate Partners, a Lazard-sponsored $1.5 billion private equity fund formed to acquire significant minority stakes in established companies. Mr. Golub earned his AB degree magna cum laude in Government from Harvard College. He received an MPhil in International Relations from Oxford University, where he was a Marshall Scholar, and an MBA from Stanford Graduate School of Business, where he was an Arjay Miller Scholar. Thanks, David, for sharing your wisdom, expertise, and passion about private credit, the business of asset management, and the psychology of relationships. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Introduction 01:23 A Message from Ultimus Fund Solutions, Our Sponsor 02:21 Meet David Golub 03:21 David’s Career Shift to Credit 05:24 Joining Forces with His Brother 06:18 Sponsor Finance Market Gap 11:23 Origin of The Unitranche Loan 13:19 Crisis as the Catalyst 14:03 Underwriting Differently 15:19 Distressed Value Mindset 17:01 What Makes a Good Business 20:42 Relationships And Game Theory 22:19 Capital Isn’t Proprietary 27:02 Being First Call 27:58 Managing Growth Carefully 29:45 Only The Paranoid Survive 32:08 Job One Is Performance 35:43 PE Industry Underwriting 36:59 Raising Capital Follows Winners 38:47 Future PE Picks Fewer Lenders 39:27 Credit Partner As A Signal 41:01 Risk Real Vs Perceived 42:15 Cycle Headwinds Explained 43:25 Press Noise And Redemptions 45:43 Why Some LPs Lean In 47:15 Two Narratives Debunked 47:27 Stress Drivers Under Surface 48:51 Manager Dispersion Worsens 50:07 Junior Debt Warning 50:27 How To Underwrite Managers 53:21 Ask For The Why 54:24 Best LP Questions 56:53 Culture Of Balanced Thinking 57:47 Interviewing For Rigor 58:48 Building The Wealth Channel 59:41 Early Fundraising Origins 01:01:14 Investor Diversification 01:04:44 Decades Mindset And Focus 01:05:48 More Of The Same Strategy 01:06:31 Adjacencies And Secondaries 01:06:45 Why Continuation Vehicles Fit 01:09:42 Problem Solving Relationships 01:11:06 Authenticity Over Tricks 01:12:21 Repeat Game Negotiation 01:12:37 Closing Join over 17,100 Substack subscribers & followers, 46,000 LinkedIn and podcast followers, and syndication to the 330,000 Bloomberg Terminal userswho are thought leaders and executives from top private markets firms and wealth management like Blackstone, Apollo, Ares, KKR, EQT, Carlyle, Blue Owl, CVC, TPG, Brookfield, Vista, Goldman Sachs, J.P. Morgan, BlackRock, Fidelity, iCapital, Franklin Templeton, Nuveen, Hg, Permira, Stonepeak, Hamilton Lane, StepStone, Partners Group, General Atlantic, Hightower, Focus Financial, Corient, Cerity Partners, and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

September 8, 20261 hr 0 min

🎥 Davidson Kempner’s James Li - “no situation is too complex”

Welcome back to the Alt Goes Mainstream podcast. Today’s podcast takes us to the heart of New York City to talk with James Li , the President and Partner of Davidson Kempner , a firm that was an early participant in the merger arbitrage, distressed debt, and opportunistic credit industries. Davidson Kempner’s heritage lies in cutting through complexity to find value. Founded in 1983, Davidson Kempner’s origins began in merger arbitrage, distressed debt, and opportunistic credit. The firm, which now has around 1,800 clients, began accepting outside capital in 1987 and has since built out its investment platform to include convertible arbitrage, long / short equities, asset-based lending, and real estate strategies. Davidson Kempner has since grown to almost $40B in AUM across public and private markets strategies. The firm has a penchant for navigating complex situations across public and private markets to opportunistically uncover value, noting that “ no situation is too complex for [them] .” James unpacked how the firm’s family office DNA has evolved across three generations of leadership into a scaled investment platform across public and private markets to inform the firm’s relative value investing perspective. James and I had a fascinating conversation on a number of pressing topics at the intersection of public and private markets. We covered: How do public market feedback loops inform private market investments? How post-GFC growth in private equity has created “indigestion” in the system. What the current state of private equity means for capital solutions opportunities. Why distressed and opportunistic credit can be countercyclical. What deglobalization means for investing in private markets. Why are allocators shifting toward absolute return strategies? How Davidson Kempner’s family office DNA has informed how they approach working with the wealth channel. Bio James Li is the President and a Partner at Davidson Kempner. Mr. Li also co-manages the Client Partnerships & Business Development department and oversees the Firm’s Capital Markets, Strategy and Treasury Teams. He joined the Firm in 2018 and is based in the New York office. Before joining Davidson Kempner, Mr. Li was a Managing Director in the Client Relationship Management and Strategy Group at Goldman, Sachs & Co. Mr. Li received a B.S. from Columbia University. Thanks, James, for sharing your wisdom, expertise, and passion about public and private markets and your approach to investing in complex situations. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Live From Davidson Kempner’s Office in NYC 01:36 A Message from Ultimus Fund Solutions 02:37 Introduction to James Li 05:21 Why Join Davidson Kempner 06:17 Three Generations Of Leadership 06:46 Family Office DNA 08:28 Principled Investing And Complexity 09:13 Finding Returns In Complexity 12:38 Liquid Versus Private Feedback Loops 13:57 Macro Forces And Time Horizons 14:57 Deglobalization And Global Footprint 16:46 Competition And The Marginal Buyer 17:52 Private Capital “Indigestion” 19:12 Capital Solutions Playbook 22:30 Integrated Public Private Edge 32:05 Hedge Funds Return 32:50 Post GFC Lessons 33:01 Incentives And Capacity 33:40 Liquidity Mismatch Risks 34:06 Evergreen Vehicle Design 34:33 Public Private Split 35:00 Avoiding Leverage 36:13 Mark To Market Mechanics 36:37 Flows Back To Hedge Funds 37:28 Educating Wealth Investors 37:46 Strategy Buckets Overview 38:20 Merger Arb Explained 39:43 Global Credit Toolkit 41:02 Portfolio Velocity And Risk 42:13 Investment Led Ownership 45:07 Less Competition In Small Deals 52:16 Opportunistic Credit Case 55:49 Long Term Firm Vision 59:57 Closing Thoughts Join over 17,100 Substack subscribers & followers and 46,000 LinkedIn and podcast followers who are thought leaders and executives from top private markets firms and wealth management like Blackstone, Apollo, Ares, KKR, EQT, Carlyle, Blue Owl, CVC, TPG, Brookfield, Vista, Goldman Sachs, J.P. Morgan, BlackRock, Fidelity, iCapital, Franklin Templeton, Nuveen, Hg, Permira, Stonepeak, Hamilton Lane, StepStone, Partners Group, General Atlantic, Hightower, Focus Financial, Corient, Cerity Partners, and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

September 2, 202616 min

🎥 Ardian’s Ava Mallin - “managing money is managing emotion”

Welcome back to the Alt Goes Mainstream podcast. We were live from iCapital Connect’s conference in Phoenix, where we sat down with some of the industry’s leaders across asset management and wealth management. We sat down with Ava Mallin , Managing Director, US Private Wealth Solutions at Ardian . Ava brings a distinctive approach to how she works with the wealth channel. She emphasized that asset managers should treat capital as a client’s legacy rather than “just dollars.” Speaking of legacy, Ardian is a firm with a rich legacy. The firm was born in 1996, when AXA’s Chairman, Claude Bébéar, chairman of AXA, asked Dominique Senequier to create a private equity arm for the insurer. And so AXA Private Equity was born. The firm’s first fund launched with a $100M French Buyout fund and two external clients. Today, Ardian stands tall as a giant in private markets, spanning asset classes and managing over $200B AUM. As a firm that provides investment solutions and customized strategies, Ardian thinks deeply about the breadth and depth of its relationships with LPs. Ava brings this perspective to bear in the wealth channel, which was evident in our conversation. Ava shared how she brings a uniquely human perspective to fundraising and partnering with the wealth channel. She believes managing money is managing emotion, which is critical for GPs to understand how wealth advisors manage their relationships with clients. We had a fascinating conversation, covering: The importance of understanding the human and emotional side that it takes to build enduring partnerships with LPs. Why US LPs have a growing interest in diversification and want exposure to Europe. How Ardian’s global footprint helps them generate LP de Why secondaries are a partnership business with LPs and GPs. The importance of educating the wealth channel on private markets. Why Ardian prefers the term “evergreen” over “semi-liquid.” Why GPs should work with the wealth channel only if they have true commitment to the channel and top-down support from senior leadership. Bio Ava Mallin joined Ardian in 2022. She is responsible for Private Wealth relationships in the US. Prior to joining Ardian, she spent seven years at Carlyle in their Private Wealth group. She is based in New York. Thanks, Ava, for sharing your wsidom, expertise, and passion for how you approach working with the wealth channel and your focus on EQ as part of building relationships with advisors that enable them to treat their clients' capital as legacy. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes Show Notes 00:00 Live From iCapital Connect 00:23 A Message from Ultimus Fund Solutions 01:21 Meet Ardian’s Ava Mallin 01:48 Money And Emotion 03:12 Ardian Culture And Fit 03:48 Secondaries Partnership Model 04:49 Building US Wealth Business 06:07 Evergreen Funds And Liquidity 07:38 Advisor Education And Trust 09:18 Brand Building In Wealth 11:00 Authentic Sales Relationships 12:56 Just Because You Can, Doesn’t Mean You Should 14:00 Getting Firmwide Buy-In 14:44 Wealth Channel Challenges 15:21 Closing Thoughts Join over 17,000 Substack subscribers & followers, 45,000 LinkedIn and podcast followers, and syndication to the 330,000 Bloomberg Terminal userswho are thought leaders and executives from top private markets firms and wealth management like Blackstone, Apollo, Ares, KKR, EQT, Carlyle, Blue Owl, CVC, TPG, Brookfield, Vista, Goldman Sachs, J.P. Morgan, BlackRock, Fidelity, iCapital, Franklin Templeton, Nuveen, Hg, Permira, Stonepeak, Hamilton Lane, StepStone, Partners Group, General Atlantic, Hightower, Focus Financial, Corient, Cerity Partners, and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com

August 19, 202633 min

🎥 Franklin Templeton’s Dave Donahoo - “start with the end client” - live from AGM’s RIA Field Trip

Welcome back to the Alt Goes Mainstream podcast. We were live from AGM’s RIA Field Trip at Franklin Templeton ’s New York office in Madison Square Park with Franklin Templeton’s Head of Private Markets - Americas Wealth Management Dave Donahoo to discuss the nuances of serving the wealth channel. Dave brings the perspective of someone who has seen the wealth channel handle multiple market cycles and an understanding of both traditional and alternative asset management, while always keeping the outcome for the end investor in mind. Dave started his career in the depths of the 2008 financial crisis at T. Rowe Price, where he worked with individual investors. He rose up the ranks of T. Rowe Price and then joined Blackstone as a Principal in the firm’s Private Wealth Solutions business before moving to Franklin Templeton as Head of Private Markets - Americas Wealth Management. Unpacking nuances in private markets, Dave discussed why he believes a “family of specialists” with a “narrow scope” is critical for a private markets investment platform and how a traditional asset manager can approach building brand in private markets. We had a fascinating discussion, covering: How Dave’s background starting his career working with individual investors has informed how he approaches creating solutiosn for the wealth channel. Why LPs want to do more with fewer partners and what this means for GPs. Specialists vs. generalists. Why RIAs have “cold call fatigue.” What RIAs want from a product perspective and why differentiation, trust, and proactive client service are top of the list. How asset managers can approach brand-building. The product innovation roadmap and what the path to 401(k) and DC products might look like. Thanks, Dave, for sharing a fascinating window into the wealth channel and for your passion, expertise, and dedication to providing private markets solutions to the wealth channel. A word from AGM podcast sponsor, Ultimus Fund Solutions This episode of Alt Goes Mainstream is brought to you by Ultimus , the full-service fund administrator and transfer agent powering asset managers in private and public markets. As alts go mainstream, you need real expertise to handle complex fund structures, connect with key distribution partners, and handle sophisticated compliance, reporting, and transparency demands. That’s Ultimus: high-tech, high-touch solutions for over 450 clients and 2,500 funds with $775B in assets under administration. Backed by an expert team of over 1,200 employees, they place client service at the core of their business, helping you navigate complexity during your fund structuring or launch and then supporting you through every stage of growth. Whether you’re already in the market or thinking about entering private wealth, you can trust their team’s deep expertise in retail alternatives to help you reach your goals. Learn more: ultimusfundsolutions.com or email info@ultimusfundsolutions.com . We thank Ultimus for their support of alts going mainstream. Show Notes 00:00 Live From Franklin Templeton RIA Field Trip 00:07 Meet Dave Donahoo 02:29 Lehman Day One 03:15 Phone Lines Meltdown 03:38 Teacher Call Story 04:54 Start With End Client 05:37 Lessons From Blackstone 05:56 Wealth Playbook Takeaways 07:22 Why Franklin Made Sense 08:18 Traditional Manager Edge 08:40 Wealth Architecture Headstart 09:17 One Partner Full Platform 10:27 Challenges And Tradeoffs 10:55 Brand Transformation Work 11:58 Internal Alignment And Comms 12:30 Desired Brand Feeling 13:04 Specialist Manager Model 13:59 Perpetual Products Done Right 14:28 Defining The Right Structure 15:52 Vehicle Alpha Debate 16:26 Secondaries Structure Choice 18:28 Infrastructure Partnership Build 20:21 Preserving Investment Cultures 22:09 Data Synergies Across Teams 24:39 Macro Insights Advantage 26:11 Product Innovation Roadmap 27:36 401(k) And DC Opportunities 28:23 Private Markets Model Portfolios 29:39 What RIAs Really Want 30:55 Service And Honest Selling 31:53 Wrap Up And Thanks Join over 17,000 Substack subscribers & followers and 44,000 LinkedIn and podcast followers who are thought leaders and executives from top private markets firms and wealth management like Blackstone, Apollo, Ares, KKR, EQT, Carlyle, Blue Owl, CVC, TPG, Brookfield, Vista, Goldman Sachs, J.P. Morgan, BlackRock, Fidelity, iCapital, Franklin Templeton, Nuveen, Hg, Permira, Stonepeak, Hamilton Lane, StepStone, Partners Group, General Atlantic, Hightower, Focus Financial, Corient, Cerity Partners, and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit altgoesmainstream.substack.com