Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets Podcast Por Michael Sidgmore arte de portada

Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets

Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets

De: Michael Sidgmore
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Alt Goes Mainstream podcast is the place to turn to for interviews with some of the brightest and most experienced minds in the world at the intersection private markets and wealth management. AGM dives into investment strategies like private equity (PE), private credit, venture capital (VC), secondaries, GP stakes, infrastructure, real estate, wealth management, and comprehensively covers tools and frameworks for approaching private markets, such as asset allocation, evergreen funds, model portfolios, and more. For anyone looking to invest into private markets (from experienced wealth managers to family offices to the individual investor looking for a more diversified investment portfolio), you’ll hear inside stories from executives and founders at some of the world’s largest financial institutions, alternative asset managers firms, and wealth management firms. More than a personal finance podcast, Alt Goes Mainstream dives deep into trends, investment strategies, firm building lessons, and innovative technologies that are enabling investors to access private markets.2021 Economía Finanzas Personales Gestión Gestión y Liderazgo
Episodios
  • HarbourVest's John Toomey - over 40 years of "earning investors' trust"

    HarbourVest's John Toomey - over 40 years of "earning investors' trust"
    Apr 14 2026
    Welcome back to the Alt Goes Mainstream podcast.Today’s episode dives into the nuances of private markets with one of the industry’s leaders.We sat down with HarbourVest CEO John Toomey, where he leads a firm that has over $160B in AUM and has over 43 years of experience across primary funds, secondary transactions, direct co-investments, and building customized programs for LPs.John has been at HarbourVest for almost 30 years, joining the firm in 1997 as an Analyst in the Direct team. He spent 10 years as one of the leaders of the Secondary business before serving on Global Investment Committees for nearly a decade. He also served as the original CFO for the HarbourVest Global Private Equity vehicle, which went public in 2007 on Euronext Amsterdam.John is also a member of the Firm’s Conflicts Committee, Sustainable Investing Council, and DEI Council. He received a BA (cum laude) in Chemistry and Physics from Harvard University and an MBA from Harvard Business School.John and I had a fascinating and thought-provoking conversation about the evolution of private markets as an industry. We covered:The biggest differences between private markets in the 1990s and private markets today.How private markets has evolved over the past 30 years.What LPs are looking for today in their manager relationships.Do LPs want more choice or less?Why LPs, both institutions and wealth investors, might outsource private markets capabilities.How the institutionalization of private wealth platforms is shaping how alternative asset managers partner with the wealth channel.Where scale matters for alternative asset managers.Where allocators should be “narrow and limited” with their GP relationships and where allocators should be diversified.What is required for managers that launch and manage evergreen vehicles.The why and the how behind launching a private wealth solutions business.Thanks John for coming on the show to share your wisdom, expertise, and passion for private markets.Show Notes00:00 Welcome to Alt Goes Mainstream01:16 Sponsor Message Ultimus02:11 Meet John Toomey04:44 HarbourVest Then vs Now05:32 LP Demands Transparency07:21 Why Outsource Private Markets09:02 Programmatic Portfolio Building10:35 Earning Trust at Scale12:17 Building Blocks for Clients14:50 GP Needs and Access Points16:49 Co-Investment Value Proposition23:16 Big vs Niche Managers27:04 Evergreen Funds and Wealth30:55 Wealth Platform Consolidation31:35 Who Can Build Evergreens33:03 Evergreen Portfolio Ingredients35:12 How Wealth Wants Access36:27 Centralized CIO Model Shift37:26 Manager Selection Matters38:59 Diversification Versus Alpha40:39 Funding Private Allocations43:07 Secondaries As Onramp44:47 Institutional Program Evolution48:57 Institutions Using Evergreens50:54 Liquidity And LP Mix53:05 What Creates Manager Edge56:05 Data Insights And Echoes58:12 Closing ThoughtsA Word from Our Sponsor, UltimusThis 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 at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.DisclosuresHarbourVest Partners, LLC is a registered investment adviser under the Investment Advisers Act of 1940. This material is solely for informational purposes and should not be viewed as a current or past recommendation or an offer to sell or the solicitation to buy securities or adopt any investment strategy. The opinions expressed herein represent the current, good faith views of the author(s) at the time of publication, are not definitive investment advice, and should not be relied upon as such. This material has been developed internally and/or obtained from sources believed to be reliable; however, HarbourVest does not guarantee the accuracy, adequacy or completeness of such information. There is no assurance that any events or projections will occur, and outcomes may be significantly different than the opinions shown here. This information, including any projections concerning financial market performance, is based on current market conditions, which will fluctuate and may be superseded by ...
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    59 m
  • Stonepeak Credit's Ryan Roberge - building an infrastructure credit strategy

    Stonepeak Credit's Ryan Roberge - building an infrastructure credit strategy
    Apr 8 2026
    Welcome back to the Alt Goes Mainstream podcast.Today’s conversation unpacks an emerging category within infrastructure investing that has a compelling set of market forces and mega trend tailwinds.We sat down in Stonepeak’s New York office with Stonepeak Credit Partner and Senior Managing Director Ryan Roberge.Ryan brings a diverse set of experiences to bear that helped him build an infrastructure credit business at Stonepeak. He previously covered the energy and infrastructure sectors for King Street, a New York-based hedge fund focused on distressed, special situations, and event driven credit investing. Prior to King Street, Ryan worked in the Energy group at TPG Capital, a large global alternative asset manager. Ryan started his career in Credit Suisse’s Energy Investment Banking Group. He received a Bachelor of Science in Finance from Louisiana State University.Ryan and I had a fascinating conversation on why infrastructure credit’s time is now. We covered:How Ryan’s background across energy investment banking, energy private equity, and distressed and special situations energy and infrastructure investing all help when investing in infrastructure credit.Why infrastructure credit is a specialized, capital-intensive strategy.How to underwrite data center risk.Contrarian AI insights.The biggest risks in infrastructure credit investing.How and why infrastructure credit is different from other areas of private credit and direct lending.How a specialist investment platform can help inform where to invest in infrastructure credit.Thanks Ryan for coming on the podcast to share your expertise, wisdom, and passion for infrastructure and credit.Show Notes00:00 Hard Asset Diversification00:25 Welcome to Alt Goes Mainstream01:01 Message from our Sponsor, Ultimus02:07 Meet Ryan Roberge04:16 Ryan Career Origins04:52 From Banking to TPG05:25 King Street Credit Training06:07 Equity To Credit Shift07:04 Downside First Mindset07:48 What Is Infrastructure Credit08:08 Three Core Sectors08:25 Asset Level Underwriting09:02 Capital Intensive Returns09:51 Thinking Like An Owner10:44 Funding Gap And AI Tailwinds11:01 Why Direct Lending Misses It12:29 Construction And Collateral Value13:15 Capital Markets Spectrum15:56 Private Credit Vs Infra Credit18:55 Where It Fits In Portfolios24:36 Data Centers Tech Risk31:04 Cycle Risk Reality Check31:32 Long Duration Mindset32:13 Loan Horizon Framework32:40 Asset First Underwriting32:53 Maintenance Capex Truth33:59 Stress Testing Recovery34:13 Capital Flood Into Infra35:14 Theme Chasing Warning36:02 Why Skip Renewables36:20 Bigger Deals Cheaper Money36:51 ABF And Insurance Capital37:17 Non-IG Hard Asset Logic38:11 Scale Keeps IG Away38:25 Key Underwriting Risks38:34 Loan To Value Reality39:01 Fiber To Home Case Study40:09 Growth Platform Underwrite41:01 Hiring For Credit Mindset42:23 Downside Recovery Culture43:10 Contrarian AI Insight44:07 Circular Demand Red Flags46:39 Data Center Risk Filters49:20 Investor Demand And ClosingA Word from Our Sponsor, UltimusThis 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 at ultimusfundsolutions.com or email info@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Editing and post-production work for this episode was provided by The Podcast Consultant.
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    1 h y 2 m
  • Bloomberg's Brad Foster - driving the convergence between public and private markets

    Bloomberg's Brad Foster - driving the convergence between public and private markets
    Mar 31 2026

    Welcome back to the Alt Goes Mainstream podcast.

    Today’s episode takes us to a hub of market structure, a powerhouse of trading, and a crossroads of public and private markets to discuss how private markets are in the midst of a market structure evolution.

    We sat down at Bloomberg’s NYC headquarters with Bloomberg’s Head of Fixed Income & Private Markets Brad Foster to discuss how technology and data are driving a convergence between public and private markets, particularly as it relates to the credit space.

    Brad is the Head of Fixed Income & Private Markets at Bloomberg, where he’s focused on delivering the data, analytics, and tools clients need to power public and private market investment strategies and workflows. Brad joined Bloomberg in June 2017 to lead its Enterprise Data Content business as well as its Fixed Income Evaluated Pricing (BVAL) offering. He was appointed Head of Fixed Income, including Securitized Products, in early 2023 and Head of Fixed Income & Private Markets in early 2024. Prior to joining Bloomberg, Brad spent almost 20 years on the sell-side in multiple locations, including London, Tokyo, and New York, for Deutsche Bank as a Managing Director in Global Markets across Global Finance, Fixed Income & Currencies, Structured Finance, Special Situations, Structured Lending and Front Office Risk Management, including CVA and Counterparty Risk, where he managed a team that built a Cross-Product Risk and Portfolio Margining Platform. Prior to Deutsche Bank, he was at Credit Suisse in the Market Risk Management Group.

    Brad and I had a fascinating conversation about public and private credit and how data and technology are shaping these markets. We covered:

    • How Bloomberg’s history shaping other market structures are informing how private markets market structure is evolving.
    • How public and private credit are converging.
    • Definitions and perspectives on liquidity vs illiquidity, what’s risky and what’s not risky.
    • What private markets needs from a market infrastructure perspective to scale.
    • Why borrowers are choosing private credit and the investment grade private credit option.
    • How Bloomberg is approaching private credit and private markets market structure.
    • Bloomberg’s build vs. buy vs. partner strategy with private markets tech.

    Thanks Brad for sharing your wisdom, expertise, and passion at the intersection of credit, market structure, and financial technology.

    Show Notes
    00:00 Scaling Private Markets

    01:12 Welcome to the Alt Goes Mainstream Podcast

    02:13 Brad Foster’s Background

    04:31 From Trading to Bloomberg

    05:27 Client Empathy Product Mindset

    06:25 Fixed Income as Blueprint

    07:11 Bloomberg Shaping Market Structure

    08:19 Electronification Turning Points

    09:10 Efficiency and Regulation Drivers

    09:45 Blurring Public and Private Credit

    10:34 Three Legs of Credit

    11:43 Why Borrowers Go Private

    13:09 Missing Data and Workflow

    13:57 Security Master Foundations

    16:12 Transparency and Retail Pressure

    22:07 Private Deal Data Uploads

    22:29 Same Analytics for Private

    22:50 Sold Not Bought Debate

    23:43 When Private Gets Liquid

    24:38 Desktop Real Estate Idea

    26:21 Reimagining Terminal with AI

    27:21 Chat as Market Connector

    28:19 Build Buy Partner Strategy

    28:51 Bloomberg Private Track Record

    30:09 Daphne Investment Rationale

    30:58 Fixing GP LP Workflow

    32:01 Most Valuable Data Masters

    33:45 Taxonomy as Missing Piece

    34:49 Standardizing Valuation Methods

    35:29 Extending Evaluated Pricing

    37:27 Liquidity Versus Illiquidity

    40:18 Portfolio Risk for Asset Owners

    44:16 Foundations to Scale Privates

    Editing and post-production work for this episode was provided by The Podcast Consultant.
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    46 m
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