Capital Allocators – Inside the Institutional Investment Industry Michael Leffell – Opening Doors to Niche Private Opportunities at 10 East (EP.373)
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Mar 11, 2024 Michael Leffell is the Managing Member of Portage Partners and Founder of 10 East, an investment platform for sophisticated investors. In this discussion, he shares his unconventional journey from law to finance, highlighting key experiences that shaped his career. Leffell emphasizes the importance of adaptability and disciplined decision-making. He also dives into enhancing investment research capabilities, effective communication in investment write-ups, and the innovative edge that 10 East provides in connecting investors to private market opportunities.
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Coaching and Decision-Making
- Effective coaching involves repeatedly explaining investment ideas.
- Never rush investment decisions; there are always other opportunities.
Retirement and Intellectual Engagement
- A friend's heart attack and the desire for more control over his time led Leffell to retire.
- His biggest concern was maintaining intellectual engagement outside the firm.
Investing in Private Markets
- Michael Leffell sought inefficiencies and an edge in private markets after retiring.
- He started Portage Partners to compound his capital, focusing on niche exposures and institutional-quality diligence.