Episodios

  • Redefining Venture: Investing in What Others Miss - Charles Hudson - Founder and Managing Partner @ Precursor Ventures

    Redefining Venture: Investing in What Others Miss - Charles Hudson - Founder and Managing Partner @ Precursor Ventures
    May 13 2025
    In this episode of The Distribution, host Brandon Sedloff sits down with Charles Hudson, Managing Partner and Founder at Precursor Ventures, to explore the challenges and opportunities of pre-seed investing. Charles shares how his early career at In-Q-Tel and Uncork Capital shaped his thesis for launching Precursor—a fund intentionally designed to write small checks to first-time founders before there’s traction, product, or even a network. They discuss the philosophy behind backing “strangers with data,” how to identify founders with the resilience and creativity to thrive at the zero-to-one stage, and what’s often misunderstood about investing in companies before traditional signals exist. Charles also reflects on why staying small by design is key to Precursor’s success and how firm culture, founder psychology, and capital strategy all intertwine in early-stage venture. They also cover: * How product velocity is a leading indicator of startup success * The shift from institutional seed to pre-seed and why timing matters * Red flags and green flags when backing solo vs. co-founding teams * Why domain expertise isn’t a requirement—and when it actually matters * Precursor’s use of founder assessments and frameworks for diligence * Thoughts on AI, market timing, and where the next generation of breakout companies will emerge This episode is a must-listen for investors, founders, and allocators who want a firsthand look at how conviction, curiosity, and consistency define the earliest stages of venture capital. Links: Charles on LinkedIn - https://www.linkedin.com/in/chudson/ Precursor Ventures - https://precursorvc.com/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Topics: (00:00:00) - Intro (00:01:51) - Charles’ background and career (00:13:52) - Advice to young professionals (00:17:06) - More on Charles’ career (00:30:45) - Launching Precursor (00:34:39) - The current state of Precursor and their mindset toward investing (00:38:33) - What to look for in founders (00:42:38) - How do you narrow your funnel of founders you’re interested in investing with? (00:54:40) - What’s your view on AI as an investable industry?
    Más Menos
    1 h y 4 m
  • Operational Alpha: How to Build a High-Performance Real Estate Firm - Sarah Schwarzschild - COO @ Mavik

    Operational Alpha: How to Build a High-Performance Real Estate Firm - Sarah Schwarzschild - COO @ Mavik
    May 9 2025
    In this episode of The Distribution, host Brandon Sedloff speaks with Sarah Schwarzschild, COO of Mavik Capital, to explore what operational alpha looks like inside a high-performing real estate investment firm. With experience spanning investment banking, secondaries, and platform leadership, Sarah brings a unique lens to how strategy, culture, and execution intersect in private markets. They dive into how Mavik has structured itself for speed, collaboration, and long-term performance—from flat organizational design to real-time data feedback loops. Sarah shares her approach to building systems that reduce friction, unlock better decision-making, and ensure every team member—from assistants to senior investors—has direct alignment through carried interest. They also discuss: - How Mavik balances flexibility with discipline in its investment process - The firm’s unique capital strategy, including accordion-style fund sizing - Why Sarah believes in weekly feedback, habit tracking, and prioritization as leadership tools - Building an internal culture of experimentation, iteration, and psychological safety - Why operational excellence is a source of alpha, not just back-office hygiene - How technology, automation, and data scraping will define the next generation of investment managers This episode is a masterclass in applying startup principles inside a real estate investment platform—ideal for any leader thinking about how to build with intention. Links: Mavik Capital - https://www.mavikcapital.com/ Sarah on LinkedIn - https://www.linkedin.com/in/sarah-schwarzschild-5426483/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Book recommendations: The Satanic Verses by Salman Rushdie - https://a.co/d/2eD81SB Atomic Habits by James Clear - https://a.co/d/9eU79Op The Mountain in the Sea by Ray Nayler - https://a.co/d/iglqwPt Topics: (00:00:00) - Intro (00:02:01) - Sarah’s background and career (00:08:44) - What are you focused on from an investment perspective? (00:10:51) - What is your span of control as COO? (00:15:59) - How do you compare and contrast operationally Mavik vs. the industry standard? (00:18:46) - Flexibility within a large organization (00:20:35) - How do you effectively drive change? (00:22:21) - Leadership philosophies (00:29:52) - Achieving long-term outperformance (00:35:18) - What are your priorities today? (00:41:29) - What is the role of an operational leader in an investment committee? (00:44:18) - Opportunities in the market (00:47:02) - Sarah’s Jordan 1 shoe (00:48:36) - Book suggestions
    Más Menos
    53 m
  • Markets in Flux: Navigating Global Real Estate Shifts - Sabina Reeves - Chief Economist & Head of Insights & Intelligence for CBRE Investment Management

    Markets in Flux: Navigating Global Real Estate Shifts - Sabina Reeves - Chief Economist & Head of Insights & Intelligence for CBRE Investment Management
    May 2 2025
    In this episode of The Distribution, host Brandon Sedloff welcomes back Sabina Reeves, Chief Economist and Head of Insights at CBRE Investment Management, for a global tour of the forces reshaping capital flows, investment strategy, and real estate allocation in 2025. Sabina breaks down how macroeconomic shocks, geopolitical realignment, and inflationary pressures are driving a new phase of regional divergence. She explains how allocators are recalibrating their assumptions across the U.S., Europe, and Asia-Pacific, and why fundamentals alone are no longer enough to make allocation decisions. The conversation spans real estate, infrastructure, and private markets—with an emphasis on nuance, context, and long-term thinking. Key topics include: Why Europe is showing signs of economic reflation, led by Germany and Spain Japan’s investment appeal as it exits decades of deflation How the U.S. is grappling with stagflation risk and pricing in a new risk premium The bifurcation between modern and legacy logistics and its implications for asset values Real-time insights into sectors like retail, residential, office, and data centers How AI is accelerating “corporate ozempic” and reshaping operational headcount and capital deployment Sabina also shares her perspective on how institutional investors are (and aren’t) adapting to technological transformation, the evolving role of data in decision-making, and what it will take for the real estate industry to match the sophistication of the tenants it serves. This conversation is a must-listen for anyone allocating capital, building real assets strategies, or trying to understand what’s next in an increasingly complex global market. Links: CBRE Investment Management - https://www.cbreim.com/ Sabina on LinkedIn - https://www.linkedin.com/in/sabina-reeves-frics-frsa-0a2b13a/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Topics: (00:00:00) - Intro (00:02:25) - The state of markets in 2025 (00:03:49) - Risk premiums (00:05:02) - North American, European, and Asian market performances (00:07:42) - Economic recoveries in Europe (00:10:20) - Spain as a growingly investable market (00:12:10) - Who are the winners and losers in global supply chains being upended due to the American tariffs? (00:14:11) - Are there any developing sectors you’re seeing? (00:16:11) - Thoughts on the Chinese market (00:18:48) - The Japanese market (00:22:02) - Australia (00:23:19) - India (00:24:23) - Canada & the United States (00:31:51) - Retail is back in favor (00:37:22) - Leisure and Hospitality performance (00:38:59) - Industrial performance (00:41:28) - Office (00:43:39) - Residential (00:46:52) - AI advancements (00:50:26) - Corporate Ozempic (00:53:05) - Data advantages
    Más Menos
    59 m
  • Shaping the Flow: How Real Asset Strategies Are Being Rewritten - Marina Surina - Managing Director - Cambridge Associates

    Shaping the Flow: How Real Asset Strategies Are Being Rewritten - Marina Surina - Managing Director - Cambridge Associates
    Apr 29 2025
    In this episode of The Distribution, host Brandon Sedloff sits down with Maria Surina, Managing Director in the Real Assets group at Cambridge Associates, for a wide-ranging conversation on how real estate and broader real assets are evolving within institutional and private wealth portfolios. Maria shares her unique career journey—from growing up in Russia and studying real estate finance in Canada, to working across appraisals, operating companies, endowments, and now advising clients at Cambridge Associates. She discusses how early lessons in valuation continue to shape her view of investment opportunities today, and how Cambridge helps clients build customized real assets portfolios that balance growth, diversification, and income. The conversation also covers: How demographics, digital infrastructure, and energy transition are reshaping real assets The rising importance of operationally intensive real estate strategies How family offices and institutions are thinking differently about private markets exposure The challenges and opportunities facing GPs as the capital-raising environment evolves Why finding true differentiation in managers often comes down to execution, culture, and people Maria offers an inside look at how Cambridge evaluates managers, constructs portfolios, and helps clients navigate a shifting investment landscape—highlighting why long-term thinking, relationship-building, and sector expertise are more important than ever. Links: Cambridge Associates - https://www.cambridgeassociates.com/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Topics: (00:02:02) - Maria’s background and career (00:15:33) - Endowment Capital (00:18:11) - Transitioning to Cambridge Associates (00:20:42) - What range of clients fit the Cambridge portfolio? (00:23:28) - How clients should be thinking about their real assets (00:28:48) - Shifts in views toward private investments (00:32:27) - What are you seeing in the markets? (00:35:17) - Narrowing the funnel to find the best of the best managers (00:37:47) - Things and themes to look for in GPs (00:41:38) - Insights for operators to think about before approaching a Cambridge-type organization (00:44:12) - What is your outlook for real estate over the next 12 months? (00:49:24) - How are GPs thinking about their businesses right now? (00:56:05) - How to learn more about Cambridge
    Más Menos
    1 h y 1 m
  • LinkedIn Live: Inside the GP Stakes Boom: What Managers & Allocators Need to Know - Jennifer Stevens - Co-Founder & Managing Partner - Alliance Global Advisors

    LinkedIn Live: Inside the GP Stakes Boom: What Managers & Allocators Need to Know - Jennifer Stevens - Co-Founder & Managing Partner - Alliance Global Advisors
    Apr 25 2025
    In this episode of The Distribution, host Brandon Sedloff welcomes Jennifer Stevens, co-founder of Alliance Global Advisors, for a deep dive into one of the fastest-evolving areas in private markets: entity-level investing and GP stakes. With decades of experience advising both allocators and investment managers, Jen brings a unique perspective on how this corner of the market has moved from niche to mainstream—and what GPs need to know as they explore strategic capital partnerships. They unpack the structure of GP stakes and platform-level investments, the rise of co-GP and hybrid models, and why this trend is accelerating in real estate investment management. Jen explains the growing demand for alignment between investors and managers, the increasing focus on succession planning, and the role of distribution in scaling investment platforms. She also outlines the critical importance of cultural fit, cash flow stability, and growth potential when attracting capital at the entity level. Key themes include: Why entity-level capital is no longer taboo—and what’s driving its growth The tradeoffs between strategic support and ceding economics or control How credibility, due diligence, and investor signaling impact fundraising Lessons from recent transactions across real estate, private equity, and alternatives How GPs can position their firms to be attractive to strategic capital partners Whether you're an emerging manager, an allocator exploring GP stakes, or an established firm thinking about long-term growth, this episode offers a rare, detailed look at what it takes to succeed in today’s evolving investment landscape. Links: Alliance Global Advisors - https://alliance-globaladvisors.com/ Jennifer on LinkedIn - https://www.linkedin.com/in/jenniferyoungstevens/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Topics: (00:00:00) - Intro (00:01:31) - Jen’s background and career (00:02:36) - How are investors and sponsors accessing entity-level capital? (00:06:38) - How have you seen GP stakes evolve? (00:11:11) - Why is there a gap between distribution channels and the offerings from GP stakes investors? (00:15:18) - Inferring credibility (00:17:58) - Creating alignment with strategic partners (00:21:16) - How LPs can access alignment alpha (00:23:06) - How can GPs position themselves to be more attractive to capital providers? (00:25:58) - Scale and growth for GPs (00:29:06) - Representative transactions seen in the market (00:37:14) - Lessons learned (00:40:11) - Closing thoughts
    Más Menos
    46 m
  • Ep.67: Alpha Isn't Timing the Cycle. It's Outlasting it. - Greg Bates - President & CEO - GID

    Ep.67: Alpha Isn't Timing the Cycle. It's Outlasting it. - Greg Bates - President & CEO - GID
    Apr 15 2025
    In this episode of The Distribution, host Brandon Sedloff sits down with Greg Bates, CEO of GID Investment Advisors, to explore how a 65-year-old private company is navigating today’s real estate landscape with a focus on long-term value creation, vertical integration, and investor alignment. Greg shares his journey from growing up in a competitive family in Massachusetts to building and leading major investment platforms at GE Capital, and eventually joining GID. He discusses the evolution of multifamily and industrial real estate, the rising role of private credit, and how GID is positioning itself to remain disciplined and focused amid shifting market conditions and investor expectations. This episode covers: The value of vertical integration and why GID avoids third-party property management How GID thinks about product-market fit, partner alignment, and long-term capital Lessons from building businesses inside GE Capital and transitioning to entrepreneurial leadership The benefits and challenges of raising institutional capital while staying focused on alpha GID’s approach to innovation, including AI, ESG, and building a captive insurance platform Greg also reflects on market cycles, the risks of chasing trends, and why he believes great outcomes come from buying high-quality assets and holding them through time. This is a wide-ranging conversation with an experienced operator and investor leading one of the country’s most respected real estate investment firms. Past results are not indicative of future performance. This podcast is not intended as investment advice and is for information purposes only. GID is a client of Juniper Square. Links: Greg on LinkedIn - https://www.linkedin.com/in/greg-bates-164809b/ GID - https://gid.com/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Topics: (00:00:00) - Intro (00:01:45) - Greg’s background and career (00:13:33) - Lessons learned in building companies (00:18:22) - Advice for folks changing companies (00:20:41) - Joining GID (00:22:29) - GID as an organization today (00:26:22) - Capitalization (00:29:36) - Developing products and ideas (00:37:25) - Vertical integration (00:42:09) - The state of the market in 2025 (00:46:32) - The future of multifamily and industrial (00:51:18) - Credit as a more durable business line (00:53:11) - The motivation to continue building GID (00:56:40) - AI and data
    Más Menos
    1 h y 2 m
  • Special Series: Beyond Track Record: What Allocators Look for Now - Mark Neely - Director of Alternative Investments - GenTrust

    Special Series: Beyond Track Record: What Allocators Look for Now - Mark Neely - Director of Alternative Investments - GenTrust
    Apr 11 2025
    Mark is a member of the GenTrust investment team and is responsible for sourcing, due diligence, and selection of alternative investment strategies, including hedge funds, private equity, opportunistic, and non-traditional strategies. Mark is also part of our Client Advisory team, focusing on ultra-high-net-worth clients and families. Before joining GenTrust, Mark spent 12 years as a Partner and Senior Managing Director, Portfolio Manager, for EJF Capital LLC, an alternative asset manager in Arlington, Virginia. At EJF, Mark was responsible for a wide array of cross asset class investments, specializing in the management of EJF’s high yield and event-driven fixed income investments. Mark managed investments and teams across multiple funds and strategies, including EJF’s Tactical Opportunities Strategy, which focused on equities, corporates, structured products, options, and esoteric. Mark was also a founding member of the EJF Real Estate Investment Committee, where he assisted in raising and deploying equity in commercial real estate development projects. Before EJF, he worked at Fannie Mae as a mortgage-backed securities trader and financial analyst, where his role included trading mortgage-backed securities and pricing complex legacy portfolios. Mark holds a B.S. in Economics and an MBA from the Smith School of Business at the University of Maryland. Links: Mark on LinkedIn - https://www.linkedin.com/in/mark-neely-6568269/ GenTrust - https://gentrustwm.com/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Topics: (00:00:00) - Intro (00:01:35) - Mark’s background and career (00:03:52) - Alternatives and Privates at GenTrust (00:05:53) - Mark’s role at GenTrust (00:09:00) - Themes and trends for Alternatives in client portfolios (00:12:30) - Defining Liquid Alts (00:17:17) - What do you look for when underwriting new managers? (00:19:09) - Track record attribution (00:22:04) - How it works to get in touch with Mark (00:25:42) - Operational due diligence processes (00:28:20) - What do you expect from managers? (00:35:19) - Navigating educational challenges for matching opportunities to client portfolios (00:37:31) - Perception vs. reality for advisors (00:39:18) - Roles of alternatives in portfolios (00:42:02) - GenTrust as an RIA vs. the competition (00:44:17) - What are you hearing from peers in the RIA space about diversification? (00:49:59) - Themes to look for over the next 18 months (00:51:24) - Resources for GenTrust
    Más Menos
    56 m
  • Ep.65: Future-Proof or Fall Behind: Adapting to the era of AI and new Private Markets Participants - Alex Robinson - Co-Founder & CEO - Juniper Square

    Ep.65: Future-Proof or Fall Behind: Adapting to the era of AI and new Private Markets Participants - Alex Robinson - Co-Founder & CEO - Juniper Square
    Apr 1 2025
    Alex is the CEO and Co-founder of Juniper Square, the leading provider of modern investment partnership solutions to the private funds industry. Juniper Square helps more than 2,000 GPs manage more than $1T of LP capital across 35,000 private equity partnerships. Alex previously served as a founding partner of New Energy Risk (acquired by XL Capital), and started his career at Microsoft, where he held a variety of product leadership roles. Alex holds an MBA from Stanford’s Graduate School of Business and a BA from the University of Washington. Links: Alex on LinkedIn - https://www.linkedin.com/in/alexrob22/ Juniper Square - https://www.junipersquare.com/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Topics: (00:00:00) - Intro (00:01:52) - Alex's Personal Journey and Health Transformation (00:08:25) - Market Trends (00:11:52) - The Rise of Retail Investors (00:14:33) - AI and Its Impact on Private Markets (00:20:19) - Regulation in Private Markets (00:23:18) - Challenges and Solutions for GPs (00:53:44) - Leveraging AI for Business Transformation (00:54:46) - The Challenge of Re-engineering Business Processes (00:55:43) - The Role of AI Tools in Business (00:57:15) - Juniper Square's Unique Position in AI (00:58:11) - The Evolution of Foundational AI Models (01:03:54) - Future Predictions and AI Integration (01:07:20) - Juniper Square's Journey and Vision (01:08:28) - AI Conversation of Alex's last appearance on the Podcast juxtaposed to this one
    Más Menos
    1 h y 34 m
adbl_web_global_use_to_activate_webcro805_stickypopup