'I can’t tell you how many things we use on a daily basis where I remember a moment when everyone said “That’ll never work”.'

- cdixon.eth (EP.380)

With thanks to 10 East and Enfusion.

'Portfolios of middle market loans both pay higher rates to the lender and have more favorable loss statistics over time.'

- Shiloh Bates (EP.379) from Flat Rock Global.

Empty rooms: Web3 after the fall. My conversation with cdixon.eth (Chris Dixon) from a16z crypto.

capitalallocators.com/podcast/empty-…

With thanks to 10 East and Enfusion.

'The distribution of returns of CLO equity should be tight.'

- Shiloh Bates (EP.379) from Flat Rock Global.

'The clue is in the term continuation fund. You're trying to continue what is being done. If the asset is being set up to go into a new type of business or a big acquisition, that's not great.'

- Nigel Dawn (EP.378)

With thanks to 10 East, Enfusion, and Wall Street Prep.

'CLO equity expected returns should rival what you get from the S&P 500, but we think that you get the returns with a lot less risk.'

- Shiloh Bates (EP.379) from Flat Rock Global.

'It would not surprise me if the GP side of this market is $200-$250B in 5 years. If you add that on to what we think is a natural growth in the LP market, getting to $400-$500B is reasonable.'

- Nigel Dawn (EP.378)

With thanks to 10 East, Enfusion, and Wall Street Prep.

A sponsored insight into CLO investing. My conversation with Shiloh Bates from Flat Rock Global.

capitalallocators.com/podcast/clo-in…

'The secondary market is around 2% of outstanding AUM in private equity. In some ways, it's hardly a secondary market at all.'

- Nigel Dawn (EP.378)

With thanks to 10 East, Enfusion, and Wall Street Prep.

On Investment Management Operations, Lawrence Miller from Wilshire discusses the importance of understanding technology in our industry.

capitalallocators.com/podcast/wilshi…

With thanks to Intelligo.

'I like thinking about where the black swans could come out of the woodwork and surprise us. The scale of the transformation needed to convert data to being encrypted in a quantum-resilient cryptographic way is one of those big ones.'

- Blythe Masters (EP.376)

Thanks Enfusion

Private market secondaries at Evercore. My conversation with Nigel Dawn.

capitalallocators.com/podcast/second…

With thanks to 10 East, Enfusion, and Wall Street Prep.

'In a world where there is this much innovation going on, you're not going to cut costs to greatness any longer.'

- Blythe Masters (EP.376)

With thanks to Enfusion.

'M&A is almost all about the execution. It almost matters more than what you are buying and why it is what you're buying. A great business can fail if the integration isn't done right.'

- Blythe Masters (EP.376)

With thanks to Enfusion.