Capital Allocators Monthly Newsletter - February 2025
- Aristotle
Will Blackstone Become Private Equity’s Millenium?
Ted shares his thoughts on the growing consolidation in private markets and how these firms will deploy their capital.
CAU Registration is Open. Our 2025 CAU Summer cohorts for Allocators (July 7) and IR/BD (July 8-9) is now available. The Allocators course will focus on interviewing techniques and decision-making, and IR/BD will bring insights from a dozen practitioners.
Register HereTamar Auerbach Joins Capital Allocators! We’re thrilled that Tamar has joined Capital Allocators as Head of Business Development. She will engage with Summit guests, CAU attendees, and sponsors, and plan for our future alongside Hank and Ted.
Meet our TeamForecasting the Future 2025 – Student Tournament. Forecasting the Future 2025 is a free, public tournament, organized by Alliance for Decision Education, open to any US-based middle or high schooler (ages 13-19). The tournament starts on March 31, 2025.
Learn More
1. Tracking Allocator Portfolio Changes, OWL. Our friends at Old Well Labs (OWL) released a report of new contributions and withdrawals by allocators. It may be the first look of its kind, and is fascinating to glean trends.
2. Contrarian Takes: Long Europe and Short Mag 7. Marc Rubenstein discusses the case for European equities and Mihir Desai gives a bear case for the Mag 7.
3. Increasing Your Hit Rate with LPs, John-Austin Saviano. As we begin rolling out invitations for our first Small and Emerging Manager (SEM) Summit, former UC-Berkeley CIO John-Austin Saviano discusses the incentives, experiences, and resources that help managers understand allocators.
4. Berkshire Hathaway Annual Letter. Warren Buffett’s annual letter includes nuggets on long-term compounding, cash, P/C insurance, and Japan.
5. Brent Montgomery Brings Back Duck Dynasty. Brent’s Wheelhouse is producing a 20-episode, 2-season Duck Dynasty: The Revival.
BONUS: Paul Singer on In Good Company. Nicolai Tangen hosts a rare interview with Elliott’s long-standing founder.
EP. 430 Anthony Pompliano – Founder and CEO of Professional Capital Management, Anthony Pompliano, discusses how to build influence and capital to live an extraordinary life.
EP. 431 Ian Charles – Founding partner at Arctos Partners, Ian Charles, discusses the complex landscape for private equity.
EP. 432 Michael Choe – CEO and Co-Head of Flagship private equity strategy at Charlesbank Capital Partners, Mike Choe, shares the key decision-making practices that have driven Charlesbank’s success in private equity investing.
EP. 433 Brett Barth & Evan Roth – Co-founders of BBR Partners, Brett Barth and Evan Roth, discuss their 25-year journey as stewards of family wealth.
Take a glimpse into WCM’s unique perspective on culture.
This testimonial is being provided by Capital Allocators, who has been compensated a flat fee by WCM. This payment was made in connection with Capital Allocators’ testimonial and production of podcasts and does not depend on the success or level of business generated. The opinions expressed are solely those of Capital Allocators and may not reflect the opinions of others. Investing involves risks, including the possible loss of principal. Past performance is not indicative of future results. Please visit wcminvest.com for WCM’s ADV and further information.
This membership-based investment firm led by Michael Leffell, former Deputy Executive Managing Member of Davidson Kempner, focuses on private markets for a select community of individuals and institutions. Members co-invest at their discretion across private equity, private credit, venture capital, and real estate alongside the principals of 10 East. Ted is an advisor, member, and investor in 10 East.
Go behind the scenes of one of the largest software-focused investors in the world. Subscribe to Thoma Bravo’s Behind the Deal podcast to hear the stories and strategies behind building their portfolio of innovative, industry-leading software and technology companies.