Capital Allocators – Inside the Institutional Investment Industry Gregg Lemkau - The Evolution of MSD (Capital Allocators, EP.291)
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Jan 9, 2023 Gregg Lemkau, CEO of MSD Partners and former Goldman Sachs leader, shares insights from his impressive career. He recounts fascinating stories about working with innovators like Elon Musk. The conversation dives into MSD's growth from a family office to a $20 billion firm, their recent merger with BDT Partners, and the company's future vision. Gregg also discusses the importance of nurturing relationships with founders and the role of integrity in investment decisions. Plus, he reflects on how golf enriches professional connections.
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Unconventional Path to Goldman Sachs
- Gregg Lemkau's career path wasn't traditional; he initially planned to play professional soccer.
- Parental intervention led him to a paralegal job, then to Goldman Sachs after realizing law wasn't his passion.
Key Moments at Goldman Sachs
- Lemkau's move to Goldman Sachs' LA office was a pivotal moment, connecting him with mentor Gene Sykes.
- He transitioned from tech to healthcare, demonstrating adaptability before becoming COO of investment banking.
Navigating Difficult Client Relationships
- Build relationships with clients even when they are predisposed not to like you.
- Invest time, bring good ideas, and build close relationships.