Funds that Won

Today on Funds that Won, I sat down with Krista Morgan of Stage. Stage is an exciting private equity fund that focuses on acquiring early-stage companies that need an alternative path to success. They help companies realize their full potential by providing a comprehensive set of business services including financing, restructuring, and operational oversight. Excellent conversation with Krista, don't forget to rate and review!

In this episode of Funds That Won, I explore the fascinating story of Apollo Global Management, one of the largest private equity VC firms in the market. I delve into how the firm brought different asset classes into the mix, their growth strategies, and core structures. I also provide insights from one of the founders, Marc Rowan, and how he built a winning fund. Tune in to learn more about this influential investment fund.Learn more about Fund Launch Partners: https://www.fundlaunchpartners.com/?sl=podcast

Today I sat down with Ryan Gibson, president and CIO of Spartan Investment Group. Ryan and his business partner have built an excellent self-storage company with retail investors across America. Wonderful conversation with Ryan. We discuss the benefits of internal property management, patience in business, the benefits of syndications versus funds, investor preferences, and a whole lot more. Ryan Gibson is the President, Chief Investment Officer, and Co-Founder of SIG. He has organized over $200M of private equity for Spartan’s projects. Ryan has experience managing the development of SIGs projects in challenging markets.For SIG, Ryan is responsible for investor relations and capital raises for projects. Ryan is also a highly experienced commercial airline pilot. Ryan graduated from Mercyhurst University with a bachelor’s degree in Business, with concentrations in Marketing, Management, and Advertising.[00:02:13] Targeting retail investors.[00:06:43] Different investment products offered.[00:08:11] Growth fund and construction capabilities.[00:11:18] Debt facility and capital positions.[00:15:23] Private credit product structure.[00:21:03] Background and starting the business.[00:23:45] Scaling self-storage business.[00:29:26] Syndication and scaling the business.[00:30:10] Fund vs. Single Asset Indication.[00:35:05] Scaling with the right people.[00:38:40] Funds That Won.[00:41:41] ECRIs and self-storage profitability.[00:44:57] Knowing the score.[00:48:10] Misleading information on social media.

Saish Setty, a Princeton and Harvard Law alum, has been shaking up the financial scene at Parallaxes Capital since 2021. In this engaging conversation, he dives into the world of Tax Receivable Agreements (TRAs) and their growing significance in corporate finance, particularly during IPOs. Saish discusses the valuation complexities of tax assets and the innovative strategies his firm employs to provide liquidity. He also addresses risks involved with TRAs and emphasizes the future potential of this nascent asset class, making it a must-listen for finance enthusiasts.

Today we hear from a data scientist turned real estate investor who shares his journey of building a successful investment fund, Neal Bawa of GroCapitus. With over $300 million in investor funds, he explains how his data-driven approach and tax-saving strategies attracted a community of like-minded individuals, including technologists, doctors, and business professionals. From starting out without any investors to now managing close to a billion in assets, this guest's story is truly inspiring. Tune in to learn more about his unique investment strategies and the analytics behind real estate.About Neal:Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert.Neal treats his $1+ billion-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that: We can only manage what we can measure. His second mantra is that: Data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 900+ investors.YouTube: https://www.youtube.com/channel/UC1_NBRSd-yIX6tyg31RzCew

Incredible conversation with Carey Ransom, Managing Director of BankTech Ventures. We get into the weeds of his business, the value proposition of his fund, and some of the pitfalls and triumphs of fund management. Carey Ransom is an SaaS entrepreneur, executive, investor and advisor, and has started, grown and/or led 8 B2B and consumer SaaS companies during startup and growth phases. He is currently President of Operate and the Managing Director of BankTech Ventures, a newly-launched strategic investment fund focused on compelling technologies for community banks, and founded and funded by leaders in the community bank ecosystem. [00:02:00] Fully digitally transformed future bank.[00:06:08] Future of community banking.[00:11:37] The future state architecture.[00:14:14] Increasing strategic value for clients.[00:18:37] Bank tech fund motivation.[00:24:04] Community banking accelerator program.[00:28:02] Virtual relationship building.[00:34:05-00:34:16] Proper capitalization and company viability.[00:39:14] Value proposition to portfolio companies.[00:41:32] Introducing banks to each other.[00:46:08] Things I love and hate.[00:51:36] Resistance to learning and adapting.

Today we have Bob Elliott on the show, a prolific investment manager, and founder of Unlimited. Bob dives into how he thinks about the markets, strategic investing, the importance of value propositions, and more. Tune in to learn more about how Unlimited has become a thriving asset management empire in the alternative investment landscape.Bob Elliott is the Co-Founder, CEO, and CIO of Unlimited, which uses machine learning to create low-cost index replications of 2&20 style alternative investments like hedge funds, venture capital and private equity. The first product, $HFND ETF, was the fastest growing independent active ETF launch of 2022. In 2023 Unlimited used its technology to launch its Agile Strategy, which has many of the same desirable features of a multi-manager fund with much lower costs and better liquidity terms.Prior to founding Unlimited, Bob served on the Investment Committee at Bridgewater Associates where he created investment strategies across equities, fixed income, credit, exchange rates, and commodities, including many used in the flagship Pure Alpha fund. He also built and led Ray Dalio’s investment research team for nearly a decade. He’s the author of hundreds of Bridgewater’s widely read Daily Observations and directly counseled some of the world’s foremost policymakers and institutional investors on economic and investing issues.YouTube: https://www.youtube.com/channel/UC1_NBRSd-yIX6tyg31RzCew

We're talking Tiger Management and Tiger Global Management, two renowned investment firms with different strategies. I explore the challenges faced by Tiger Global Management, including a recent decrease in valuations and the need to notify limited partners of losses. I highlight the importance of effectively allocating funds and discuss the trend of smaller funds outperforming larger ones. YouTube: https://www.youtube.com/channel/UCPH22AufHvdg8hQvDvT6pPw[00:12:30] Tiger Management's downfall.[00:10:56] Too big, too fast.

JC Morales is a seasoned investor and operator in the short-term rental market with a unique interest in the Puerto Rican hospitality game. JC started his career as a kitesurfer but saw the opportunities in beachfront properties. JC's story is incredible and he gives some amazing insight into how an entrepreneur scales with limited resources. [00:01:06] Beach apartments and luxury assets.[00:03:58] The sweet spot of property.[00:07:09] Making money teaching kitesurfing.[00:08:39] Creative real estate strategies.[00:13:12] Short-term rental regulations.[00:18:16] Incredible returns on short-term rentals.[00:19:26] Puerto Rico's competitive advantage.[00:28:03] Tax incentives in Puerto Rico.[00:29:05] JC's Personal Background.[00:31:12] Entrepreneurship at a young age.[00:32:29] Living the new rich.[00:42:26] Education without implementation is insanity.[00:43:15] Primary residence and nomadic lifestyle.

In this episode, Lincoln interviews Jeff Mendez, an experienced investor, operator, and board member. They discuss Jeff's background in the direct-to-home space and his passion for real estate investing. Jeff shares his first investment experiences and why he believes real estate is a great investment option. Major takeaway? Build excellent systems. Overall, Jeff shares some incredibly valuable insights on building things that last. [00:02:29] Investing in real estate.[00:03:28] Mobile home parks[00:08:06] Reasons for not liking funds.[00:10:10] Syndication versus fund structure.[00:15:21] The current environment affecting business.[00:18:15] Return metrics in real estate.[00:22:24] What makes a fund win?[00:25:21] Being responsive to investors.[00:29:10] Legal audits and protection.[00:32:38] The importance of cleanliness.[00:35:58] VC investment strategies.[00:38:05] Exhilarating real estate deals.[00:41:33] Approaching prospective board members.[00:45:01] Creating value and avoiding pitfalls.[00:49:43] Value creation over money.[00:53:12] Work-life harmony.[00:56:03] Pet peeves in life.[00:58:24] First generation hustle.