How I Invest with David Weisburd

Jorge Felippe, CEO of Almulla and builder of multigenerational private markets portfolios, explains why alignment and governance dominate fund selection. He covers quick rejections, why small GP commitments are red flags, how fund size and fees shape incentives, the edge of fund-ones, and using funds and fund-of-funds to balance early-stage upside with liquidity.

Robert Koenigsberger, Founder and CIO of Gramercy and builder of a $7B emerging markets platform, explains why EMs are misunderstood. He discusses favoring structured private credit, planning entries and exits with high conviction, using local teams and collateralized lending like supplier finance, and managing currency risk opportunistically.

Chaz Englander, founder of Model ML and former YC founder who built family office investing tools, explains how agentic AI is automating reporting, investment memos, and monitoring in private markets. He contrasts workflow automation with chat UIs. He predicts 2025 as the productivity year and 2026 for AI-generated investment insight, and explains why capturing internal data and embedding engineers with teams matters.

Michael Woolhouse, Head of Continuation Vehicles at TPG Capital, leads single-asset continuation vehicle deals after a career at CPP Investments. He explains treating CVs like buyouts, why incumbency and large GP rolls lower risk, how CV economics and incentives are structured, and the rapid growth and disciplined culture shaping this $100B market.

Sam Sturge, Head of Private Equity for the University of Cambridge endowment, rebuilt a concentrated buyout and venture portfolio focused on long-term manager alignment. He discusses targeting inflation plus 5%, why buyouts and venture offer structural edges, assessing whether managers chase returns or assets, the scale versus focus tradeoff in venture, and how long relationships and university ties create competitive advantages.

Jonathan Dane, CIO and co-founder of Define Capital, advises entrepreneurial and multigenerational families on portfolio construction and liquidity. He discusses why independent advice matters, differences between first- and second-generation wealth mindsets, pre-exit estate moves and gifting, why big family offices favor alternatives, risks of overcommitting to private funds, and the appeal of lower middle market private equity.

Jennifer Mink, president of Investment Performance Services and longtime Taft‑Hartley specialist advising ~$70B, discusses asset allocation and private markets diligence. She covers how low‑correlation alternatives cut portfolio volatility. Talks include double diversification pitfalls, aggressive rebalancing during 2020, emerging manager vintage tracking, private equity pacing challenges, and structural rules for accessing union capital.

Ryan Eisenman, Co-founder and CEO of Arch, builds software that automates data and reporting for alternative investments. He talks about why private markets still live in spreadsheets and PDFs, the operational chaos as portfolios scale, liquidity shortfalls that hinder re-ups, rising secondaries and deal-by-deal allocations, and how AI can extract terms from lengthy legal docs.

Jeff Collins, founder of Cloverlay and former Morgan Stanley private markets lead, builds a $2B firm by hunting niche, uncorrelated private assets. He discusses going where capital is absent, building a specialized sourcing flywheel, preserving long-term relationships, evaluating oddball assets like IP and aircraft, and why return dispersion signals opportunity.

Todd Owens, Managing Partner at Cantilever Group who backs minority GP-stakes in lower middle-market managers. He explains what buying a GP stake actually means. He focuses on liquidity and unpredictable exits as the core risk. He discusses public listings, lower-middle-market advantages, structuring choices, and red flags when principals take money off the table.