Today’s show is a special sponsor insight highlighting an example of the terrific research that comes out of Pitchbook. My guest is Wylie Fernyhough, PitchBook’s lead private equity analyst, where he produces industry research and dives deep on thematic areas of interest. Our conversation covers his research on the business of buying stakes in asset managers.  We discuss its history, rationale, and perspectives from each side of the table involved in these transactions - the stake buyer, the manager who sells a stake in their business, and investors in the manager’s funds. We also touch on the seeding business, private equity investments in sports franchises, and publicly listed alternative managers. We are grateful to PitchBook for their sponsorship of Private Equity Masters, and eager to highlight the great work they do. Learn More Subscribe: Apple | Spotify | Google Follow Ted on Twitter at @tseides or LinkedIn Subscribe Monthly Mailing List Read the Transcript

Our Private Equity Masters mini-series concludes with Chuck Davis, the CEO and Chairman of the Investment Committee at Stone Point Capital. Stone Point has invested $21 billion across 135 businesses, all in the financial services industry. Prior to joining Stone Point’s predecessor entity at Marsh McLellan twenty-three years ago, he was a partner at Goldman Sachs, where he spent the prior twenty-three years, culminating in serving as Head of Investment Banking Services Worldwide. Our conversation covers Chuck’s time at Goldman Sachs, his transition to private equity, and the formation of Stone Point Capital. We then turn to the firm’s multi-year, outbound, targeted search for the best executives in financial services, work with portfolio companies, activity in the asset management sector, and management of Stone Point. Learn More Subscribe: Apple | Spotify | Google Follow Ted on Twitter at @tseides or LinkedIn Subscribe Monthly Mailing List Read the Transcript