Private Capital Joe Reilly

Hello and Welcome to the Private Capital podcast, I’m Joe Reilly, head of Circulus Group which is a forum for the family office world.  We are hosting our first family office event in New York on September 19th.  If you are are a single family office and would like to attend, you can request an invite on our Substack which is at circulus.substack.com.  There is a link available under events, and will be included in the show notes.  We are happy to have Steve Tananbaum of GoldenTree joining us, and will be covering private equity, fintech and the global macro outlook with many talented speakers.  I hope you can join us.
Ken Kencel is the President & CEO of Churchill Asset Management, a $50 billion dollar platform serving over 700 institutional clients.  He shared valuable insights on the growing private credit market, the evolution of the industry, his first job at Drexel, working at Carlyle and then going out on his own to start Churchill from scratch.  We also discuss the nuances of the art of the covenent and finish with Ken’s desert island discs.
Ken started his career in M&A at Drexel Bernham Lambert, founded the high yield finance business at Chase Securities, and was head of leveraged finance at RBC as well as Indosuez Capital.  He was president and CEO of Churchill Financial group, which was sold to Carlyle where he served as a Managing director before starting Churchill Asset Management.  Ken graduated magna cum laude from Georgetown and has a JD from Northwestern.
Please enjoy my conversation with Ken Kencel.
WEBSITE: https://www.churchillam.com
 
If you like these discussions, please subscribe or leave a review.
NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening.
Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. 
FOLLOW JOE: https://twitter.com/joereillyjr
WEBSITE: https://circulus.substack.com/
REQUEST AN INVITE TO OUR FALL SUMMIT:  https://forms.gle/893q6qEXZEvVigSM7
INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964
If you like this show, do me a favor and send it to someone you think would enjoy it.  Just copy the link into an email or text.  I appreciate it.
 
©2024 Joe Reilly

Jason Schwarz is Deputy Chief Executive Officer and President at Wilshire, which currently manages over $100 billion in assets and advises on $1.3 trillion.  Jason was raised in a legal family, but his path diverged from the expected, fueled by a desire to carve his own niche. He told me, “I think you see this with sons and daughters of successful parents," he mused. "One path is to follow in the same direction, the other is to go in one's own direction. And I chose that."
This decision led him westward, where he immersed himself in the ever-evolving realm of investments, including a side trip to Hanoi.  We talk about what makes an effective consultant, the burgeoning OCIO business, what he learned from legendary founder Dennis Tito, and the transformation Wilshire underwent following its acquisition by Motive and CC Partners, where Schwarz played a pivotal role in streamlining previously siloed divisions.
Jason joined Wilshire in 2005 and has held a number of increasingly senior roles within the firm, including establishing Wilshire as a leading provider of investment solutions for financial intermediaries, advisors and their clients and ultimately overseeing all of the firm’s business segments. Jason holds a BA in Government from Hamilton College and an MBA from the Marshall School of Business.
Please enjoy my conversation with Jason Schwarz.
WEBSITE: https://www.wilshire.com/
If you like these discussions, please subscribe or leave a review. 
NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening.
Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. 
FOLLOW JOE: https://twitter.com/joereillyjr
WEBSITE: https://www.circulus.co/
INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964
If you like this show, do me a favor and send it to someone you think would enjoy it.  Just copy the link into an email or text.  I appreciate it.
 
©2024 Joe Reilly
 
 
 
 

Anthony Scaramucci, is the founder and managing partner of Skybridge Capital and the SALT Conference.  We had a wide ranging and candid conversation about his new book, his path from Port Washington to the White House, navigating the cutthroat world of Wall Street and politics, adapting his investment style to survive, and the importance of non-transactional networking. 
Anthony Scaramucci is the founder and managing partner of SkyBridge Capital and founder and chairman of the SALT conference.  Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman in 2001. Earlier, he worked in Private Wealth Management at Goldman Sachs.

Scaramucci briefly served as Chief Strategy Officer of the Export-Import (EXIM) Bank and as White House Communications Director in 2017. He is a member of the Council on Foreign Relations (CFR) and a board member of the Federal Enforcement Homeland Security Foundation. He is the author of five books.
and he holds a BA  in Economics from Tufts University and a JD from Harvard Law School.
Please enjoy my conversation with the always engaging Anthony Scaramucci.
 
SkyBridge Capital:  https://www.skybridge.com/
X: @Scaramucci
From Wall Street to the White House and Back: The Scaramucci Guide to Unbreakable Resilience
If you like these discussions, please subscribe or leave a review.
NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening.
 
Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. 
FOLLOW JOE: https://twitter.com/joereillyjr
WEBSITE: https://www.circulus.co/
INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964
 
If you like this show, do me a favor and send it to someone you think would enjoy it.  Just copy the link into an email or text.  I appreciate it.
 
©2024 Joe Reilly

Carin-Isabel Knoop is the founder and executive director of the Harvard Business School Research and Case Writing Division.  This conversation was spurred by two things, one that I found out on the Business Breakdowns podcast last year that Harvard Business School Publishing is larger than Forbes, and two that I’ve also always been curious about how case studies are actually written.  Anyone who has done security or competitive analysis will appreciate the level of detail that goes into a case.
This is similar to the great conversation I had last year with Paul Edelman, who has developed psychological tests to find talent for leading hedge funds.  I would encourage you to listen to that one if you haven’t, Paul is great at breaking down conceptual thinking.
Cases are used to teach decision making and business reasoning for analysts, business owners, consultants and investors, but what are the decisions that go into the cases themselves and why are they such a good tool for teaching this mode of thought?  What I found was intriguing and in some ways pleasantly surprising, and Carin was great fun to talk to.  Please enjoy our discussion.
Carin-Isabel Knoop is the Executive Director of the Harvard Business School Case Research and Writing Group which she began in 1995.  Previously she was a consultant at McKinsey and Price Waterhouse Coopers.  Carin has her bachelors summa cum laude in Government, Economics and International Relations from the University of Texas at Austin and an MBA from Harvard Business school with honors.  She is also a very active writer on Medium and where she writes about creating better workplaces.
https://carinisabelknoop.medium.com/

Scott Sperling is the Co-CEO of Thomas H. Lee Partners.  We had an excellent conversation about his time at Harvard Management Company under legendary figures like Walter Cabot and Jack Meyer, his thoughts on the evolution of private equity, the growth of THL, how the firm is structured, his top metrics and how to find new areas of growth.
 
Scott is Co-CEO and co-chair of the firm’s management committee.  Prior to joining Thomas H. Lee Partners, Scott was, for more than a decade, managing partner of the affiliate of Harvard Management Company that managed all alternative asset classes for Harvard University’s endowment fund. Before that he was a Senior Consultant with the Boston Consulting Group.
Scott is involved with a number of charitable and non-profit organizations. He is Chairman of MassGeneralBrigham, the Parent of the Harvard teaching hospitals, Massachusetts General Hospital and Brigham & Women’s Hospital. He is Chairman Emeritus of the CitiCenter for Performing Arts and Wang Theater.
 
NOTE:  This podcast is for educational and entertainment purposes only.  Anything said by the guests or host should not be construed as legal or investment advice.  Thanks for listening.
 
Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. 
FOLLOW JOE: https://twitter.com/joereillyjr
WEBSITE: https://www.circulus.co/
INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964
 
If you like this show, do me a favor and send it to someone you think would enjoy it.  Just copy the link into an email or text.  I appreciate it.
 
©2024 Joe Reilly

Michael Tiedemann is a founding partner and chief executive officer of AlTi Tiedemann Global, a publicly traded $70 billion investment firm. He is also a member of the firm’s board of directors and chairman of the firm’s internal investment committee. 
We talk about starting the business with his father, Carl Tiedemann, the former president of DLJ, spinning up a wealth manager from scratch after the dot-com collapse, the importance of having an operator mentality, finding great talent, and Mike’s thoughts on venture, private debt, growth in the wealth management space and being deliberate.
Michael began his career working for Tiedemann Investment Group (TIG) as an emerging markets research analyst. In 1994, he joined the equity research group at Banco Garantia, one of Brazil’s leading investment banks, living in Brazil for two years. Later, Michael ran their equity sales and trading operations out of New York, where he worked closely with Garantia’s top-ranked hedge fund-of-fund group. In 1998, when Credit Suisse acquired Garantia, he remained there, heading up their sales trading efforts for Latin America, until he left to start Tiedemann Advisors in 2000.
Michael has been a selected speaker at a number of financial and regulatory associations around the country. In 2012, the Henry Street Settlement honored Michael for his contribution to charitable causes, and most recently in 2017 Michael received the Impact Award for his contribution to fighting poverty by the River Fund of New York.  Michael received a Bachelor of Arts degree in psychology from Ohio Wesleyan University.
 
If you like these discussions, please subscribe or leave a review. Please enjoy my excellent talk with Mike Tiedemann.
 
NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening.
 
Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast. 
FOLLOW JOE: https://twitter.com/joereillyjr
WEBSITE: https://www.circulus.co/
INHERITANCE PODCAST:   https://podcasts.apple.com/us/podcast/the-inheritance-podcast/id1644964
 
If you like this show, do me a favor and send it to someone you think would enjoy it.  Just copy the link into an email or text.  I appreciate it.
 
©2024 Joe Reilly