The Private Market Playbook

Allocate
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The Private Market Playbook is a podcast for wealth advisors and CIOs navigating portfolios beyond the traditional 60/40. Hosted by Allocate, the show features candid conversations with allocators, asset managers, and industry leaders on building modern, programmatic portfolios—spanning private markets, portfolio construction, and the systems required to manage complexity at scale. joinallocate.substack.com

  1. Inside the Inflection Point: Why 2026 Changes Everything for Private Markets

    5D AGO

    Inside the Inflection Point: Why 2026 Changes Everything for Private Markets

    Welcome to The Private Market Playbook, a podcast for wealth advisors and CIOs navigating portfolios beyond the traditional 60/40. Hosted by Allocate, the show features candid conversations with allocators, asset managers, and industry leaders on building modern, programmatic portfolios—spanning private markets, portfolio construction, and the systems required to manage complexity at scale. In this episode, Allocate CEO Samir Kaji joins host Peter Epstein to unpack why 2026 is a pivotal moment for private markets and private wealth. They trace the evolution of alternatives into a multi-trillion-dollar asset class, examine why access has remained constrained for many investors, and explore how responsible democratization and advisor-led personalization can change that. Samir outlines how Allocate is building the connective tissue between leading managers and wealth advisors through integrations, data consolidation, and AI-driven insights, and shares his view on the coming wave of liquidity, including the growing role of secondaries and GP-led transactions in reshaping the private markets landscape. Samir Kaji is the Co-Founder, CEO, and President of Allocate, a platform focused on expanding access to private markets for wealth advisors, family offices, and institutional investors. With decades of experience across private markets, fintech, and capital formation, Samir is widely recognized for his leadership in modernizing how investors access and manage alternative investments. Topics in this conversation include: * Why 2026 Is a Key Inflection Point and Evolution of Private Markets to $20T+ (1:46) * Barriers to Individual Access: High Minimums and Operational Friction (5:36) * Democratization and AI-Driven Personalization for Wealth Clients at Scale (8:29) * Allocate’s Mission, Advisor-Focused Platform, and Three Core Solution Pillars (11:33) * Future of AI in Private Markets: Insights, Automation, and Data/Integration (15:18) * Constraints: Compliance, Data Centers, and Compute (21:07) * Scaling Allocate: Talent, Culture, and Solving Problems with Tech vs. Headcount (26:51) * 2026 Liquidity Outlook: IPOs, Secondaries, and GP-Led Transactions (34:24) * Final Thoughts and Takeaways (38:33) Disclosure The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only. Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property. Past performance is not indicative of future results. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

    39 min

  2. 11/19/2025

    AI, Blockchain & the Bold New World of Financial Services

    Welcome to the Allocate Podcast, an interview and educational series designed to help investors better understand and navigate alternative investments. Join us for conversations with leading founders, fund managers, and institutional allocators as we explore key trends and insights shaping the private markets. In this episode, Allocate Co-Founder, President, and CEO Samir Kaji speaks with Matthew Harris, Partner at Bain Capital Ventures. Their conversation traces Matthew’s journey through decades of FinTech innovation, from digitizing analog processes to the rise of embedded finance, decentralization, and blockchain technology. They discuss the growing importance of alternative assets, tokenization in wealth management, the rapid adoption of AI across financial services, and the dynamic challenges facing private markets and venture investors. Matthew also shares lessons from his extensive investing career, emphasizing the critical role of founders and team quality in creating enduring success. About Matthew Harris Matthew Harris is a Partner on the Ventures team at Bain Capital, where he focuses on investments in financial technology across payments, lending, capital markets, real estate, and insurance. He first joined Bain in 1995 and re-joined the firm in 2012 after founding Village Ventures, an early-stage fintech fund, and working previously at Bain & Company. He began his investing career in Bain’s North America Private Equity team. Outside of venture investing, Matt serves on the boards of his alma mater Williams College (as a Trustee and co-head of its Non-Marketable Assets Committee) as well as Endeavor and the Partnership Fund for New York City. Bain Capital Ventures (BCV) is a multi-stage venture firm with offices in the Bay Area, New York, and Boston, managing over $9 billion in assets. BCV invests from seed through growth in domains like AI infrastructure, fintech, application software, commerce-tech and security. With the backing of parent Bain Capital, the firm offers founders not only capital but also deep domain expertise, customer-introduction networks and operational support. Founded around 2001, BCV has invested in hundreds of companies including notable names like LinkedIn, DocuSign, SendGrid and Redis Labs, and in recent years has raised large funds (such as nearly $1.9 billion in 2023) to continue backing technology disruptors. Timestamps: Topics in this conversation include: * Matthew’s Background and Journey into FinTech (1:07) * Digitization and Embedded Finance Eras (4:59) * FinTech Market Overheating and Correction (7:56) * Post-2022 Themes: Decentralization, Blockchain, AI (8:48) * Decentralization and Stable Coins in Financial Services (11:59) * Real-World Applications of Blockchain in Wealth Management (13:21) * Steps Needed for On-Chain Wealth Adoption (17:49) * The Future of Private Alternatives and On-Chain Limitations (21:31) * Fund Liquidity, Evergreen Models, and Bain’s Institutional Approach (25:48) * Institutional vs. Retail Focus and Venture Market Trends (28:39) * Pattern Recognition: Importance of Founders and Audacious Ideas (33:37) * Bain Capital: Advantages, Brand, and Closing Go-to-Market Thoughts (36:42) * Pace of AI Adoption Compared to Prior Tech Waves (42:24) * Lessons from 30 Years in Investing (43:32) * Final Thoughts and Takeaways (44:28) Disclosure The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only. Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property. Past performance is not indicative of future results. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

    45 min

  3. 10/06/2025

    The IPO Evolution: Generative AI, Storytelling, and the Future of Going Public

    Welcome to the Allocate Podcast, an interview and educational series designed to help investors better understand and navigate alternative investments. Join us for conversations with leading founders, fund managers, and institutional allocators as we explore key trends and insights shaping the private markets. In this episode, Nic Millikan speaks with Ashley MacNeill, Head of Equity Capital Markets at Vista Equity Partners. Their conversation explores the evolving role of capital markets within private equity, the current state and future of IPOs, and the transformative impact of generative AI on enterprise software. Ashley shares her journey from engineering to finance, discusses the challenges and opportunities in today’s volatile market, and highlights the importance of data, innovation, and creative capital solutions. The episode also features Ashley’s advice for young professionals looking to build a career at the intersection of private equity and capital markets. About Ashley MacNeill Ashley MacNeill is Managing Director and Head of Equity Capital Markets at Vista Equity Partners, where she leads strategies to optimize capital formation and market positioning for Vista’s portfolio companies. With deep expertise in equity markets, investor relations, and strategic financing, she has played a key role in guiding companies through IPOs, secondary offerings, and private placements. Her leadership has helped Vista-backed businesses access public markets successfully and expand their reach to global investors. Vista is a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, managing over $100 billion in assets. Known for its disciplined, value-driven approach, Vista partners with management teams to accelerate growth, drive operational excellence, and scale innovation. Its portfolio spans more than 80 companies worldwide, making Vista one of the most influential players in technology private equity. Topics in this conversation include: * Ashley’s Background and Role at Vista Equity Partners (1:19) * Excitement and Challenges in the IPO and Equity Capital Market Space (4:08) * Indicators for Successful IPOs and Technology Adoption (5:58) * Differences in Current IPO Cycle versus Past Cycles (7:48) * Misconceptions about Going Public and Alternative Capital Raising (9:18) * The Shift in Market Structures and Access for Retail Investors (10:48) * Rationale for Going Public versus Staying Private (11:41) * Evaluating the Impact of Generative AI across Vista’s Portfolio (12:59) * Vista’s Agentic AI Factory Initiative and Capital Market Strategy (15:16) * Importance of Data Sovereignty in AI Adoption (16:46) * Trends in Valuation and Strategy Post-Pandemic (19:05) * The Evolution from SaaS to Service as a Software (23:06) * Future IPO Categories and Themes in Enterprise Software (24:30) * Enduring versus Reactive Liquidity Options in Private Markets (26:31) * Advice for Young Professionals in Private Equity and Capital Markets (29:23) * Final Thoughts and Takeaways (29:58) Disclosure The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only. Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property. Past performance is not indicative of future results. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

    31 min

  4. 09/22/2025

    Evergreen Funds, AI, and the Evolving Wealth Landscape

    Welcome to the Allocate Podcast, an interview and educational content series to help investors learn and navigate investing in alternatives. Join us to hear from leading founders, fund managers, and allocators on the latest trends and the keys to successfully participating in the private markets. In this episode, Allocate Co-Founder and President, Samir Kaji, speaks with Alan Zafran, Co-Founder and Managing Partner at IEQ Capital. Alan shares his journey from Goldman Sachs and Merrill Lynch to building a client-centric, independent wealth management firm, offering a unique perspective on the evolution of the industry and the importance of culture, technology, and innovation. Topics include the transformation of wealth management from traditional models to bespoke client experiences, the growing role and complexity of alternative investments, and the impact of technology and artificial intelligence on both client service and operational efficiency. The conversation also explores the rise of evergreen and semi-liquid funds, industry consolidation, advisor education, and the future of private markets. Alan offers practical insights on building institutional-quality investment programs, maintaining a strong client-first culture amid growth, and leveraging technology to deliver better outcomes for clients in an ever-changing landscape. About Alan Zafran Alan Zafran is the Co-Founder and Managing Partner of IEQ Capital, bringing decades of experience in wealth management and alternative investments. Under his leadership, IEQ has grown rapidly by serving ultra-high-net-worth individuals, families, and institutions with customized investment strategies and client-first service. Alan is recognized for his expertise in building innovative investment platforms and his commitment to helping clients achieve long-term financial success. IEQ Capital is a leading independent wealth management firm dedicated to serving ultra-high-net-worth clients, entrepreneurs, and institutions. With a focus on customized investment solutions, alternative strategies, and holistic financial planning, IEQ has scaled significantly since its founding, managing billions in assets while maintaining a client-centric culture rooted in transparency, research, and long-term partnership. Topics in this conversation include: * Alan’s Background and Journey (1:27) * Building a Client-Centric Firm (3:16) * Rising Client Demands and Non-Investment Services (7:28) * Mainstreaming of Alternatives for Accredited Investors (13:15) * Risk, Return, and Illiquidity Premiums in Private Markets (16:38) * Building Institutional-Quality Private Market Programs (19:37) * Advisor Education and Internal Knowledge Sharing (22:58) * Challenges in Advisor Education and Client Communication (26:22) * Underreported Secular Trends in Private Markets (31:38) * The Rise and Implications of Private Market Secondaries (34:47) * Fund Size, Dispersion, and Return Compression (38:41) * Private Equity’s Role in Wealth Management Firm Consolidation (40:50) * Potential Downsides of Industry Consolidation (44:12) * KPIs, Culture, and Growth in Wealth Management (46:21) * Technology and AI in Enhancing Client Experience (48:40) * Final Thoughts and Takeaways (51:14) Disclosure The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only. Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property. Past performance is not indicative of future results. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

    52 min

  5. 09/08/2025

    Bridging the Liquidity Gap: The Evolution of GP Solutions in Private Markets

    Welcome to the Allocate Podcast, an interview and educational series designed to help investors better understand and navigate alternative investments. Join us for conversations with leading founders, fund managers, and institutional allocators as we explore key trends and insights shaping the private markets. In this episode, Allocate’s Nic Millikan speaks with Richard Golaszewski, Co-Head of GP Financing Solutions at Hunter Point Capital. Their discussion explores the evolution of GP financing, the growth of private markets, and the innovative capital solutions available to general partners. Richard shares his career journey from Wall Street to Hunter Point, highlighting the importance of partnership, leadership, and building value beyond capital. Topics include the drivers behind GP stakes and preferred financing, the widening liquidity gap in private markets, the role of strategic partnerships, and the ongoing innovation shaping the industry. The conversation also explores Hunter Point’s differentiated approach, the significance of culture and mentorship, and the future outlook for GP solutions as the private markets continue to expand and evolve. About Richard Golaszewski Richard Golaszewski is a Managing Director at Hunter Point Capital and serves as Co-Head of Hunter Point Capital GP Financing Solutions. Prior to joining HPC, Richard served as a Managing Director at 17Capital where he was responsible for originating, structuring, and executing preferred equity and NAV loan investments and co-led the firm’s U.S. investment team. During his time at 17Capital, Mr. Golaszewski led some of the private equity industry’s largest and most complex private equity portfolio finance investments, establishing unique partnerships with private equity managers across their funds, management companies and strategic investors. Hunter Point Capital is a private equity firm that partners with leading alternative asset managers to support their long-term growth and strategic initiatives. The firm provides minority investments and GP capital solutions, aligning with managers by investing alongside them and offering deep expertise in building businesses. Since its founding, Hunter Point has backed a number of high-performing investment platforms across private equity, credit, and real assets, and is recognized for its independent, partnership-driven approach and strong track record of value creation. Topics in this conversation include: * Introducing Richard and Hunter Point Capital (1:14) * Why GP Solutions? (2:37) * Richard’s Background and Career Path (6:03) * Lessons from Mentors (9:18) * Leadership Style and Team Building (12:34) * Firm Culture and Structure (14:33) * Evolution of GP Financing (16:19) * Secular vs. Temporal Market Shifts (19:40) * Growth and Adoption of GP Tools (21:31) * Hunter Point’s Differentiation (23:21) * Importance of Long-Term Relationships (26:14) * Looking Ahead: Future of GP Solutions (30:24) * Final Thoughts and Takeaways (32:10) Disclosure The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only. Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property. Past performance is not indicative of future results. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

    33 min

  6. 08/25/2025

    Fiduciary Duty & Information Flow: Rethinking Private Market Access

    Welcome to the Allocate Podcast, an interview and educational series designed to help investors better understand and navigate alternative investments. Join us for conversations with leading founders, fund managers, and institutional allocators as we explore key trends and insights shaping the private markets. In this episode, Allocate Co-Founder, President and CEO Samir Kaji speaks with Nik Talreja, Co-Founder and CEO of Sydecar. Their discussion delves into the evolution of special-purpose vehicles (SPVs) and the broader private market landscape. Nik shares his journey from law to entrepreneurship, highlighting the pain points that inspired Sidecar’s creation and the drive to make private market investing more accessible and efficient. Topics include the challenges and opportunities of SPVs, the rise of layered and secondary transactions, the importance of fiduciary responsibility and transparency, and the growing role of artificial intelligence in fund administration. The conversation also explores shifting attitudes among founders and investors, the need for better information flow, and the future of private market participation as companies stay private longer and more investors seek access to high-growth opportunities. About Nik Talreja Nik Talreja co-founded Sydecar in 2021 to transform how emerging venture investors launch and manage investment vehicles. With a legal background at Cooley LLP and Weil, Gotshal & Manges, and leadership roles in finance and operations, he recognized firsthand the friction in creating SPVs and managing compliance. He leveraged this experience to build Sydecar, an automated platform that simplifies banking, legal documentation, and reporting for VC syndicates and funds. Under Nik's leadership, Sydecar helped tens of thousands of investors close more than $2.8B in deals. The platform's rapid growth reflects demand for standards-driven, efficient capital deployment tools in private markets. Sydecar makes it simple and efficient for venture fund and syndicate managers to form Special Purpose Vehicles (SPVs) and funds by automating banking, compliance, contracts and reporting. Since its founding in 2021, Sydecar has facilitated over $1.8 billion in capital across 2,500+ investment vehicles for more than 1,600 fund managers and deal leads. Backed by $28 million in total funding, including an $11 million Series A in 2025, Sydecar is rapidly becoming the go-to platform for efficient, compliant, and scalable private market transactions. Topics in this conversation include: * Nik’s Background and Sydecar’s Founding Story (1:30) * Challenges for Emerging Managers and SPV Standardization (2:57) * Common Mistakes in SPV Creation (6:29) * Fiduciary Duty and Market Trends (8:04) * The Role and Growth of Secondaries and Layered SPVs (12:52) * Company Attitudes Toward Secondary Sales (15:05) * Alignment and Control in Multi-Layer SPVs (19:25) * Future Needs for Broader Private Market Participation (22:17) * Improving LP Education and Company Information Sharing (25:01) * Shifting Founder Mentality on Secondaries (27:32) * The Future of Private Markets and AI in Deal Execution (29:46) * AI’s Role and Limitations in Fund Administration (31:01) * Founder Lessons and Focus (33:43) * Final Thoughts and Takeaways (35:22) Disclosure The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only. Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property. Past performance is not indicative of future results. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

    36 min

  7. 08/11/2025

    Alternatives Unfiltered: Venture, Private Equity, and the Future of Investing

    Welcome to the Allocate Podcast, an interview and educational series designed to help investors better understand and navigate alternative investments. Join us for conversations with leading founders, fund managers, and institutional allocators as we explore key trends and insights shaping the private markets. In this episode, Allocate Co-Founder, President, and CEO Samir Kaji speaks with Vivek Jindal, Chief Investment Officer at Caprock. Their conversation provides a thoughtful look at the evolving landscape of alternative investments and modern portfolio construction. Drawing from his experience from Corbin Capital to Blackstone, Vivek shares perspectives on the value of personalized strategies that move beyond the traditional 60/40 framework. Topics include diversification by sector and vintage, thoughtful manager selection in private equity and venture capital, and the increasing relevance of semi-liquid structures. They also discuss co-investment opportunities and how artificial intelligence is beginning to influence wealth management—all within the broader context of aligning investments with client-specific objectives and risk considerations. Bio of Guest Vivek Jindal joined Caprock in June 2025 as Chief Investment Officer, bringing over 20 years of investment experience spanning family offices, asset managers, and philanthropic entities. He previously served as CIO at KORE Private Wealth (now part of Corient/CI Financial) and helped lead investment programs for the Charles and Lynn Schusterman Family Foundations. He also held roles with Blackstone Alternative Asset Management and Corbin Capital Partners, and began his career in valuation at Ernst & Young. At Caprock, Jindal now leads investment platform strategy, portfolio construction, and manager selection across public and private markets, with a focus on impact and non-impact opportunities. Caprock is a multi-family office founded in 2005 that serves ultra-high-net-worth families, advising on over $13 billion in assets across public and private markets. Known for its endowment-style investment approach and emphasis on private markets, Caprock provides outsourced CIO and CFO services, with over $4 billion allocated to private equity, venture capital, and real assets. The firm is a pioneer in impact investing, offering proprietary tools to track over 100 impact metrics and helping clients align their portfolios with their values. Topics in this conversation include: * Vivek’s Background and Career Journey (1:30) * Caprock’s Investment Philosophy (6:30) * Building Tailored Alternative Portfolios (8:40) * Open-Ended vs. Drawdown Fund Structures (10:36) * Role of Semi-Liquid Funds for Different Investors (14:46) * Asset Class Mix within Alternatives (16:55) * Benchmarking and Return Expectations in Private Equity (20:46) * Co-Investments: Execution and Curation (23:01) * Venture Capital: Unique Challenges and Approach (25:32) * Diligence and Access in Venture Capital (29:52) * Building a Diversified Venture Portfolio (33:45) * Barriers to Systematic Alternative Allocations (37:30) * The Impact of AI on Wealth Management (40:19) * Final Thoughts and Takeaways (43:43) Disclosure The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only. Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property. Past performance is not indicative of future results. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

    44 min
  8. Networking Wealth: Inside the 3i Investment Platform

    07/28/2025

    Networking Wealth: Inside the 3i Investment Platform

    Welcome to the Allocate Podcast, an interview and educational content series to help investors learn and navigate investing in alternatives. Join us to hear from leading founders, fund managers, and allocators on the latest trends and the keys to successfully participating in the private markets. In this episode of the Allocate Podcast, host Samir Kaji welcomes Teddy Gold, CEO and Co-Founder of 3i Members, a community-driven investment platform for family offices and high-net-worth individuals. During the episode, Teddy shares how 3i was created to solve private market investing challenges by building a network of vetted members who collaborate on deal sourcing, due diligence, and investment opportunities. The conversation also explores the platform's human-centric approach, focusing on trust, relationship-building, and knowledge sharing across private equity and private credit investments. Key insights include the shift from tech-driven to relationship-driven investing, the importance of peer-to-peer information, and how communities like 3i are transforming how individuals access and evaluate alternative investments. With 700 members and over $800 million invested, 3i represents a new model of collaborative investing that prioritizes expertise, transparency, and collective intelligence. About Teddy Gold Teddy Gold is the Co‑Founder and CEO of 3i Members, an exclusive global network launched in 2021 that unites founders, fund managers, and family offices. Earlier in his career, Teddy worked at Citi as an investment banking analyst and later joined Mainsail Partners in private equity. He then served as Head of Special Projects at Mobilize (acquired by EveryAction) and was a venture partner at Higher Ground Labs. A Middlebury College alumnus with a degree in Political Science, Teddy holds FINRA Series 63 and 79 certifications. 3i Members is a curated, invitation-only investment network founded in 2021 by Teddy Gold, Mark Gerson (GLG), and Billy Libby (Upper90). It currently includes over 375 high-caliber members and facilitates $25M+ in monthly private investment activity, spanning real estate, fintech, and technology. The community also hosts the Founder Spotlight podcast, featuring in-depth interviews with prominent investors and operators. With a people-first philosophy and best-in-class member experience, 3i sets itself apart as a high-touch, thoughtfully curated platform. Topics in this conversation include: * Origins of 3i Members (1:11) * Building a Human-Centric Platform (2:08) * Network Quality and Member Selection (7:35) * Deal Flow and Diligence Process (10:08) * Changing Investment Trends Post-2021 (12:24) * Skepticism Toward Banks and Fee Structures (16:25) * Member Demographics and Mindset (19:28) * Value of Community Beyond Investing (21:06) * Events, Education, and Building Trust (23:34) * Scaling Challenges and Sub-Communities (27:49) * Measuring Success and Member Referrals (29:49) * Future Vision for 3i (32:39) * Final Thoughts and Takeaways (34:11) Disclosures The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only. Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property. Past performance is not indicative of future results. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

    36 min
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Ratings & Reviews

5
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About

The Private Market Playbook is a podcast for wealth advisors and CIOs navigating portfolios beyond the traditional 60/40. Hosted by Allocate, the show features candid conversations with allocators, asset managers, and industry leaders on building modern, programmatic portfolios—spanning private markets, portfolio construction, and the systems required to manage complexity at scale. joinallocate.substack.com

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