Level Capital Club

Tugdual
  • 0.0 (0)
  • Investing
  • Updated Daily

Level Capital Club sits at the intersection of private markets and family offices, founded on the recognition that both have evolved significantly over the past decade.Its aim is to provide expertise and insights into private market trends and outlooks, while offering a deeper understanding of how family offices operate, invest, and understanding the allocation trends. Level Capital Club is designed for family offices seeking to stay ahead of emerging trends and opportunities in private markets, as well as for fund managers and service providers who are genuinely interested in understanding the needs and perspectives of family offices.In addition to its insights, Level Capital Club seeks to foster a global community of like-minded professionals who recognize that long-term business is built on trusted relationships.

Episodes

  1. Sep 9

    Liquidity Solutions in Private Markets: A Conversation on Secondaries

    In this episode  we sit down with Todor Donchev, Managing Director at Meantime Advisory, a boutique secondary advisory firm serving GPs and LPs globally. Todor walks us through his 12-year journey in secondaries (Lazard, Actis, EBRD) and why he launched Meantime Advisory nearly six years ago to provide bespoke secondary solutions, initially focused on emerging markets and now spanning complex transactions worldwide. We cover: The history of the secondary market, from the first-ever LP stake sale in 1979 to today's record $230B+ in annual transaction volume The rise of GP-led deals and continuation vehicles, and why single-asset CVs now drive roughly half of GP-led volume Key growth drivers: illiquidity, stagnant M&A/IPO markets, and the shift of secondaries from a "distressed asset" stigma to a mainstream portfolio management tool How buyers actually underwrite secondaries: why cash flow profile matters more than NAV discounts, and how risk is priced across VC vs. buyout strategies The boom in smaller (sub-$10M) LP secondary transactions and increased competition at that end of the market Two real-world case studies: a complex Latin American GP default resolved through a preferred equity structure and later a single-asset SPV, and a two-and-a-half-week emergency liquidity solution for an LP Follow Level Capital Club on linkedin:   / levelcapitalclub  Meantime Advisory: https://www.meantimeadvisory.com/ Todor Donchev:   / todor-donchev-6b097126  timestamps: 00:00–00:40 Intro 00:40–01:58 Todor's background & how he entered secondaries 01:58–04:20 Why Meantime Advisory was founded 04:20–10:40 The evolution of the secondary market 10:40–18:04 Why GP-led secondaries exploded 18:04–23:03 How secondary transactions are underwritten 23:03–29:28 Valuation: NAV vs cash flow reality 29:28–35:17 Discounts, premiums & today's pricing 35:17–39:01 Where the best opportunities are today 39:01–50:16 Case study: solving a complex GP liquidity situation 50:16–54:22 Case study: delivering liquidity in two weeks 54:22  Closing thoughts

    Liquidity Solutions in Private Markets: A Conversation on Secondaries

  2. Jun 2

    Asset-Based Lending in the Modern Private Credit Allocation Framework

    We have the pleasure to welcome Matthias Dux, Co-Founder at Avellinia Capital to discuss how asset-backed lending fits within the broader private credit ecosystem. In this interview, we explore how ABL structures work in practice, how lenders underwrite and secure collateralized portfolios, and why this segment has seen strong growth across Europe. We also discuss the advantages of asset-backed lending from both the borrower and investor perspective, the role of diversification for family offices and institutional allocators. Find Matthias Dux on Linkedin: https://www.linkedin.com/in/matthias-dux/ Avellinia Website: https://avellinia.com/ Timestamps:  00:00 – Introduction & Matthias Dux background 03:15 – What asset-backed lending is & how it fits private credit 07:35 – How ABL structures work in practice (SPVs, collateral, underwriting) 15:30 – Managing risk, depreciation & protecting lender capital 24:25 – Why companies choose asset-backed lending over equity or banks 31:10 – Why investors and family offices allocate to ABL 38:10 – European market opportunities & manager selection 44:35 – Dry powder, scalability & deployment in private credit 48:55 – Final thoughts & conclusion

    Asset-Based Lending in the Modern Private Credit Allocation Framework

  3. Apr 22

    The Human Element of Wealth Transfer: A Key to Achieving Family Offices’ Long-Term Objectives

    In this episode of the Family Office Strategic Series, we speak with Nicolas Charles, generational wealth strategist and CEO of Danty, about how family offices can better align investment strategy with governance structures and long-term legacy objectives across generations. While many families focus primarily on financial capital, Nicolas explains why most generational wealth challenges arise from communication gaps, lack of preparation of the next generation, and misalignment between family purpose and investment structures. The conversation explores how families can institutionalise decision-making while preserving entrepreneurial spirit, transfer wisdom effectively across generations, and integrate technology into modern family office strategy. This discussion is particularly relevant for family office principals, next-generation members, private market investors, and advisors working with ultra-high-net-worth families. Nicolas charles linkedin: https://www.linkedin.com/in/nicholascharles1/ Timestamps 0:00 – 3:10 Introduction: Interview overview and Nicolas Charles’ background in generational wealth strategy and advising ultra-high-net-worth families 3:10 – 8:20 How family offices and HNWIs can better align investment strategy with governance structures and long-term legacy goals 8:20 – 17:15 The importance of preserving a family office’s original sector expertise across generations — and its impact on long-term success 17:15 – 22:55 Balancing institutional discipline with entrepreneurial agility inside a family office 22:55 – 27:45 How knowledge and wisdom should be transferred effectively across generations 27:45 – 30:00 Why gaining experience outside the family business is critical for next-generation members 30:00 – 35:00 The role of a “family investment pool” in supporting individual members’ investment initiatives 35:00 – 39:50 How technology supports the institutionalisation and professionalisation of family offices 39:50 – 42:07 Closing reflections and key takeaways on preserving wealth across generations

    The Human Element of Wealth Transfer: A Key to Achieving Family Offices’ Long-Term Objectives

  4. Mar 15

    Continuation Funds: The Rise of Private Equity’s Second Act

    Are continuation vehicles a structural shift in private equity — or simply a cyclical response to today’s market? Continuation vehicles, also known as GP-led secondaries, are a rapidly growing — yet still relatively emerging — segment of private markets. According to the latest continuation study by Schroders, transaction volumes are approaching $50B in 2024, representing a 27% compound annual growth rate since 2015. With this growth, we wanted to better understand what is truly driving the market. We had the opportunity to speak with Andriy Panasenko, Founder of Renaissance Advisory, who brings more than two decades of experience across private equity and consulting. In our discussion, we explored:  • The current state of the continuation vehicle market  • Whether the growth is structural or cyclical  • What types of companies are best suited for continuation vehicles  • The benefits for LPs — and the key considerations to keep in mind

    Continuation Funds: The Rise of Private Equity’s Second Act

  5. Feb 25

    Capital in motion: How Institutions are backing SMEs, Defense, and Strategic Growth

    New Interview – Live from the Meliá International Hotel, London We’re joined by Margareth Gonzalez, Founder and CEO of Capital Variation, a strategic capital advisory firm operating across the US and EMEA markets. In this exclusive conversation, we explore: How Capital Variation has grown into a known name in the SME advisory space, supporting companies across Europe and the United States with capital formation.SME growth from both operational and investment perspectives.The emergence of defense as a developing asset class and its implications for investors.The impact of “America First” policy on cross-border capital flows and global markets.Capital Variation’s philanthropic initiatives, with a focus on women’s empowerment and financial literacyLinkedin: https://www.linkedin.com/in/margarethgonzalez/ Capital variation website: https://capitalvariation.com/

  6. Feb 15

    𝐅𝐚𝐦𝐢𝐥𝐲 𝐎𝐟𝐟𝐢𝐜𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞: 𝐅𝐫𝐨𝐦 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐨𝐥

    𝐅𝐚𝐦𝐢𝐥𝐲 𝐎𝐟𝐟𝐢𝐜𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐒𝐞𝐫𝐢𝐞𝐬 #1 Our guest is Darla G. Wilton, an executive leader and change agent in organizational development, strategic planning & execution, and leadership known for turning strategy into real value‑creation. 𝐄𝐩𝐢𝐬𝐨𝐝𝐞 𝐭𝐢𝐭𝐥𝐞: “𝐅𝐚𝐦𝐢𝐥𝐲 𝐎𝐟𝐟𝐢𝐜𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞: 𝐅𝐫𝐨𝐦 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐭𝐨 𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞.” 𝐖𝐞’𝐥𝐥 𝐛𝐞 𝐝𝐢𝐠𝐠𝐢𝐧𝐠 𝐢𝐧𝐭𝐨: - What governance really means in a Family Office (beyond documents) - How the FO landscape is evolving around principals and rising‑gen - The role of experts and independent boards where they add real value - Operating models that hold under stress, not just in presentations This series is a collaboration between The Family Office Strategist, led by Mahir Eyvazov, and Level Capital Club, led by Tugdual Level-Chitrit.

    𝐅𝐚𝐦𝐢𝐥𝐲 𝐎𝐟𝐟𝐢𝐜𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞: 𝐅𝐫𝐨𝐦 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐥 𝐂𝐨𝐧𝐭𝐫𝐨𝐥
  • 6 Episodes

About

Level Capital Club sits at the intersection of private markets and family offices, founded on the recognition that both have evolved significantly over the past decade.Its aim is to provide expertise and insights into private market trends and outlooks, while offering a deeper understanding of how family offices operate, invest, and understanding the allocation trends. Level Capital Club is designed for family offices seeking to stay ahead of emerging trends and opportunities in private markets, as well as for fund managers and service providers who are genuinely interested in understanding the needs and perspectives of family offices.In addition to its insights, Level Capital Club seeks to foster a global community of like-minded professionals who recognize that long-term business is built on trusted relationships.

Information

  • Creator
    Tugdual
  • Years Active
    2026
  • Episodes
    6
  • Rating
    Clean
  • Copyright
    © 2026 Level Capital Club
  • Show Website
    Level Capital Club