Dakota Live! Podcast

Aksia, Alternatives & the Wealth Channel | Chris Schelling on Private Markets Today

13 snips
Jan 28, 2026
Chris Schelling, Managing Director at Aksia with two decades in alternatives and author of Better Than Alpha, discusses bringing institutional-grade manager research to the wealth channel. He covers private credit, hedge funds, and private equity evolution, liquidity and governance, middle-market opportunities, and how advisors should think about portfolio construction and access to alternatives.
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ADVICE

Evaluate Team Depth, Not Just The Star

  • Assess GP sustainability by examining team structure, carry allocation, and committee size rather than idolizing a single star.
  • Favor firms with small optimal decision committees (3–5) and shared responsibility across co-heads.
ADVICE

Leverage Scale To Access Small GPs

  • Use scale to access both large managers and high-quality smaller GPs; small managers often seek relationships with large research platforms.
  • Expect Axia's private equity interval fund average deal to be modest (around $6M) enabling nimble allocations.
ADVICE

How Small Managers Can Get Axia's Attention

  • Smaller asset managers should reach out via Axia's research inbox or website to request meetings with the research team.
  • Be prepared: Axia is busy but responsive and wants to see inbound opportunities.
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