Afleveringen
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In this latest episode of Alternative Angles, host Steve Rosen, a former Fidelity portfolio manager in Fidelityâs High Income & Alternative Investing division connects with Bill Maclay, a senior portfolio manager and key business builder of Fidelityâs high yield real estate debt investing platform.
Listen in as Steve and Bill, who co-managed portfolios and worked closely for more than two decades, dive into high yield and private real estate lending, including:
Trends in credit conditions and property market fundamentals. Strategies Bill believes offer strong risk-adjusted returns, and his investing philosophy and approach. The property type Bill is focused on right now. Why Bill prefers a mezzanine loan structure. Billâs investment rationale and underwriting process for a loan his team closed on earlier this year. -
The newest episode of Alternative Angles features a conversation that highlights the differencesâand similaritiesâbetween pattern breakers and pattern followers in venture capital investments. Chris Pariseault, head of institutional portfolio managers at Fidelity, hosts Karin Fronczke, global head of private equity at Fidelity and Mike Maples, co-founding partner at Floodgate and author of Pattern Breakers.
Listen in as Maples, a seed investor, and Fronczke, a late-stage investor, share their views from opposite ends of the spectrum, including:
How to spot ideas that try to create a radically different future. The strength in making binary choices in late-stage investmentsâwhy a company is either a âhome runâ or a âpass.â Why simply being better than an incumbent isnât good enough for start-ups. Identifying management teams that can navigate the inevitable challenges that arise, and even pivot when necessary. -
Zijn er afleveringen die ontbreken?
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Chris Pariseault hosts the first episode of "Alternative Angles," a podcast series on alternative investments, featuring David Gaito of Fidelity Investments and Ariel Goldblatt of StepStone Group. They discuss the direct lending market, which is a $1.2 trillion segment of the $1.8 trillion private debt market. Direct lending involves private debt issued by small and mid-sized companies, often due to inaccessibility to public markets. The conversation highlights the importance of culture, the inefficiencies in the market, and the need for a disciplined approach to investment. They also discuss the challenges and opportunities in the current market environment, including the impact of rising interest rates and the importance of diversification. Here is a breakdown of this episode:
Introduction to the Direct Lending Market David Gaito's Journey into Middle Market Credit, an all-weather asset class Ariel Goldblatt's Path to Direct Lending and the stability and resilience it brings to a portfolio The Investment Culture at Fidelity and StepStone Selection and Evaluation of Direct Lending Managers David Gaito on Fidelity's Direct Lending Strategy Market Dynamics and Future Outlook Conclusions and Final Thoughts