# Capital Allocators: the investor podcast, by episode > Capital Allocators: The people who back the funds: endowments, pensions and family offices on how they choose managers. Source: https://millionrounds.com/podcasts/capital-allocators (Millionrounds; every figure on the page links to its filing or article) LPs · new episode 22 Oct 2026 # Capital Allocators Hosted by **Ted Seides** The people who back the funds: endowments, pensions and family offices on how they choose managers. Follow on Apple PodcastsBrowse the episodes **834** episodes **152** investors heard as guests **54 min** an average episode 94 in the last 12 months ## The regulars Investors named as guests in the most episode titles on Capital Allocators. [AD *13* **Annie Duke** First Round Capital](https://millionrounds.com/person/annie-duke)[TS *11* **Ted Seides** 11 episodes](https://millionrounds.com/person/ted-seides)[PB *10* **Paul Black** Escalada Sports Partners](https://millionrounds.com/person/paul-black-escalada-sports-partners)[AM *9* **Ashby Monk** KDX](https://millionrounds.com/person/ashby-monk)[MH *7* **Morgan Housel** Collaborative Fund](https://millionrounds.com/person/morgan-housel)[AH *5* **Ali Hamed** CoVenture](https://millionrounds.com/person/ali-hamed)[CD *5* **Chris Douvos** Ahoy Capital](https://millionrounds.com/person/chris-douvos)[JW *5* **Josh Wolfe** Lux Capital](https://millionrounds.com/person/josh-wolfe)[LG *5* **Louis-Vincent Gave** 5 episodes](https://millionrounds.com/person/louis-vincent-gave)[AB *4* **Adam Blitz** 4 episodes](https://millionrounds.com/person/adam-blitz)[IC *4* **Ian Charles** Arctos](https://millionrounds.com/person/ian-charles)[JT *4* **John Toomey** Marriott International](https://millionrounds.com/person/john-toomey) ## Every episode 834 · page 1 of 28 - 834 **AI Tools for the Investment Firm – Ben Harrison (EP.522)** 22 Oct 2026 · 40 min [Ben Harrison](https://millionrounds.com/person/ben-harrison) About this episode Ben Harrison is President of Industries at Intapp, a leading provider of software solutions to professional and financial services firms. Ben first joined me three years ago to discuss DealCloud, Intapp's platform serving the private capital community. Since then, Intapp has nearly tripled in size, and the rapid… ▶Show page - 833 **[REPLAY] DealCloud - Ben Harrison (Dealcloud), (S3. Sponsored Insight)** 22 Oct 2026 · 30 min [Ben Harrison](https://millionrounds.com/person/ben-harrison) About this episode This Sponsored Insight features Ben Harrison, Founder and Co-President of DealCloud, our sponsor for Season 3 of Private Equity Deals. Ben discusses how DealCloud's vertical software supports alternative investment professionals through deal sourcing, relationship and pipeline management, and workflow… ▶Show page - 832 **Building a Berkshire for the Middle Market – Tracy Britt Cool (EP.521)** 19 Oct 2026 · 52 min About this episode My guest on today's show is Tracy Britt Cool, co-founder of Kanbrick, a long-term investment partnership that provides owners of family-owned, midsized businesses with a differentiated option from traditional private equity. Tracy launched the business after spending ten years at Berkshire Hathaway as one of… ▶Show page - 831 **Senior Decision Makers: Erlina Yeo Terwelp, Columbia Investment Management Company (EP.520)** 12 Oct 2026 · 51 min About this episode Our next guest on the Senior Decision Makers series is Erlina Yeo Terwelp, a Managing Director at Columbia Investment Management Company, where she oversees the endowment's private markets portfolio. Erlina's path spans investment banking, private equity, growth equity, and family office investing before she joined… ▶Show page - 830 **Real Estate Credit Over Yield at Invesco – Charlie Rose (EP.519)** 8 Oct 2026 · 60 min About this episode Charlie Rose is the Global Head of Real Estate Credit at Invesco, where he oversees an $85 billion global platform. Before joining Invesco, Charlie worked in real estate as an academic researcher, jack-of-all-trades through the financial crisis, and investor up and down the capital stack for eight years at Canyon… ▶Show page - 829 **Building the Total Portfolio at Ontario Teachers – Stephen McLennan (EP.518)** 5 Oct 2026 · 57 min [Ontario Teachers' Pension Plan](https://millionrounds.com/fund/ontario-teachers-pension-plan)[Gillian Brown](https://millionrounds.com/person/gillian-brown) About this episode Stephen McLennan is the Co-Chief Investment Officer of the Ontario Teachers' Pension Plan, where he oversees asset allocation for the $300 billion fund responsible for the retirement security of 346,000 teachers. Stephen joined OTPP in 2003 and worked across credit, natural resources, infrastructure, and Total Fund… ▶Show page - 828 **Nancy Zimmerman – People, Process, and Fixed Income Arbitrage at Bracebridge (EP.517)** 28 Sept 2026 · 50 min About this episode Nancy Zimmerman is the co-founder and Managing Partner of Bracebridge Capital, a $13 billion alternative asset manager specializing in fixed income arbitrage that she founded over 30 years ago, in 1994, alongside Gabe Sunshine with capital from David Swensen at Yale. Our conversation traces Nancy's evolution from… ▶Show page - 827 **André Perold – Investing Through Exponential Change (EP.516)** 21 Sept 2026 · 48 min About this episode André Perold is the co-founder and CIO of HighVista Strategies, an alternative asset manager overseeing $14 billion that searches for alpha opportunities in structurally inefficient markets. André has twice been a past guest on the show, starting way back with episode #2 and both conversations are replayed on the… ▶Show page - 826 **[REPLAY] André Perold – Pockets of Inefficiency at HighVista Strategies (EP.169)** 21 Sept 2026 · 54 min About this episode André Perold, the Co-Managing Partner and Chief Investment Officer of HighVista Strategies, a $4B firm with roots in endowment-style investing that searches for inefficiencies across asset classes. André was the 2nd guest on the show, where we discussed his background as a renowned investment professor at HBS and the… ▶Show page - 825 **[REPLAY] André Perold – Academic Practitioner (EP.02)** 21 Sept 2026 · 49 min About this episode André Perold is the Chief Investment Officer and Co-Managing Partner at HighVista Strategies, where for the last dozen years he has sat at the helm of a now $3 billion fund that takes a multi-asset class, endowment-like approach emphasizing broad diversification and risk management. Over this period, André has… ▶Show page - 824 **AI in the Investment Office – Abby Barlow, Laura Hill, Brian Sugrue, Jenny Heller, John Lawrence, Matt Bank, Kristin Kallergis Rowland, Jon Webster (EP.515)** 14 Sept 2026 · 1h 2m [Laura Hill](https://millionrounds.com/person/laura-hill)[Matt Bank](https://millionrounds.com/person/matt-bank) About this episode AI is top of mind for everyone in the investment business. Our Summits are abuzz with curiosity about what others are doing. I asked 8 CIOs to share how they're using AI today, including what's working and what isn't, the tools they've adopted, and where they're headed next. They range from a single-family office… ▶Show page - 823 **Best of Habit Formation: James Clear** 7 Sept 2026 · 1h 11m About this episode This week's Summer Series concludes with a two-fer on habits. There may be no better way to improve the investment process than to understand what it takes to improve ourselves. We've got two of the best – James Clear and Katy Milkman, experts and authors of wildly bestselling books Atomic Habits and How to Change.… ▶Show page - 822 **Best of Habit Formation: Katy Milkman** 7 Sept 2026 · 58 min About this episode This week's Summer Series concludes with a two-fer on habits. There may be no better way to improve the investment process than to understand what it takes to improve ourselves. We've got two of the best – James Clear and Katy Milkman, experts and authors of wildly bestselling books Atomic Habits and How to Change.… ▶Show page - 821 **SPECIAL ANNOUNCEMENT: Capital Allocators University Online** 3 Sept 2026 · 15 min About this episode We're excited to share something we've been working on for a while: we're bringing Capital Allocators University online. For years, CAU has been an in-person, once-a-year cohort of 25 or 30 professionals, built around a set of disciplines that matter enormously for investors and investor relations professionals but… ▶Show page - 820 **Best of Negotiations: Chris Voss** 31 Aug 2026 · 45 min [Chris Voss](https://millionrounds.com/person/chris-voss) About this episode This week's Summer Series is another two-fer, this time on negotiations. The first is with legendary former FBI-hostage negotiator Chris Voss, the author of Never Split the Difference and founder of the Black Swan group where he teaches tactical empathy in negotiations. The second is with Yale professor Daylian Cain,… ▶Show page - 819 **Best of Negotiations: Daylian Cain** 31 Aug 2026 · 1h 3m [Chris Voss](https://millionrounds.com/person/chris-voss) About this episode This week's Summer Series is another two-fer, this time on negotiations. The first is with legendary former FBI-hostage negotiator Chris Voss, the author of Never Split the Difference and founder of the Black Swan group where he teaches tactical empathy in negotiations. The second is with Yale professor Daylian Cain,… ▶Show page - 818 **Best of Storytelling: Matthew Dicks** 24 Aug 2026 · 1h 27m About this episode This week's Summer Series is a two-fer on the essential skill of storytelling. Whether pitching an investment fund to a prospect, an idea to a portfolio manager or CIO, or a request of a family member, storytelling helps you get what you want. To help understand the art and science of storytelling, Matt Dicks – a… ▶Show page - 817 **Best of Storytelling: Donald Miller** 24 Aug 2026 · 49 min About this episode This week's Summer Series is a two-fer on the essential skill of storytelling. Whether pitching an investment fund to a prospect, an idea to a portfolio manager or CIO, or a request of a family member, storytelling helps you get what you want. To help understand the art and science of storytelling, Matt Dicks – a… ▶Show page - 816 **Best of Pre-Mortem Analysis: Gary Klein** 17 Aug 2026 · 49 min About this episode This week's Summer Series covers the pre-mortem analysis with its founder, Gary Klein. Gary discovered pre-mortems while working with fighter pilots and wrote a white paper applying the tool to investment analysis alongside Paul Johnson and Paul Sonkin. Please enjoy this discussion of the proper use of pre-mortem… ▶Show page - 815 **Best of Interviewing: Ted Seides** 10 Aug 2026 · 1h 1m [Ted Seides](https://millionrounds.com/person/ted-seides)[Apollo](https://millionrounds.com/fund/apollo-global-management) About this episode This week's Summer Series is a highly atypical episode, where I appear as the guest. Matt Breitfelder from Apollo asked to interview me about interviewing, something I learned far more from hosting the show the last nine years than I ever did while interviewing managers for 20. The conversation has been sufficiently… ▶Show page - 814 **WTT: The Anatomy of a Blow-Up** 5 Aug 2026 · 6 min About this episode This What Ted's Thinking brings Situational Awareness to the underlying causes of hedge fund disasters. Read Ted's blog here. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠ https://thepodcastconsultant.com ⁠) ▶Show page - 813 **Best of Decision-Making: Annie Duke (2022)** 3 Aug 2026 · 1h 18m [Annie Duke](https://millionrounds.com/person/annie-duke)[First Round Capital](https://millionrounds.com/fund/first-round-capital) About this episode Our Summer Series kickoff is with one of the all-time greats, Annie Duke. The former world-class poker player has become a noted academic and practitioner in the art of decision-making. Her best-seller Thinking in Bets is a one-of-a-kind set of tools and tips to try (emphasis on try) to get past our embedded… ▶Show page - 812 **Best of Decision-Making: Annie Duke (2018)** 3 Aug 2026 · 60 min [Annie Duke](https://millionrounds.com/person/annie-duke)[First Round Capital](https://millionrounds.com/fund/first-round-capital) About this episode Our Summer Series kickoff is with one of the all-time greats, Annie Duke. The former world-class poker player has become a noted academic and practitioner in the art of decision-making. Her best-seller Thinking in Bets is a one-of-a-kind set of tools and tips to try (emphasis on try) to get past our embedded… ▶Show page - 811 **Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)** 30 Jul 2026 · 45 min About this episode Lauren Hochfelder is Head of Global Real Assets at Morgan Stanley, where she oversees a team of 300 investment professionals across 13 countries, managing $80 billion across real estate, infrastructure, equity and credit. Lauren joined Morgan Stanley as an investment banking analyst directly out of Yale 26 years ago… ▶Show page - 810 **Rebuilding the NYU Endowment – Michelle Knudsen (EP.513)** 27 Jul 2026 · 1h 11m [Michelle Knudsen](https://millionrounds.com/person/michelle-knudsen) About this episode Michelle Knudsen is Chief Investment Officer of NYU, where she oversees the university's $8 billion endowment. Michelle joined NYU two years ago, after fourteen years as an allocator at Partners Capital and the Mellon Foundation, with a mandate to build a best-in-class endowment from a clean sheet of paper. Our… ▶Show page - 809 **Senior Decision Makers: Luis Laboy, Hewlett Foundation (EP.512)** 20 Jul 2026 · 47 min About this episode Our next guest on the Senior Decision Makers series is Luis Laboy, Director of Public Equity at the Hewlett Foundation, where he's spent the last decade running the public equity book alongside CIO Ana Marshall, a mentor and colleague he first met nearly thirty years ago. The foundation's assets stand at roughly $14… ▶Show page - 808 **Roadmap for Private Credit from Australia – Frank Danieli of MA Financial Group (EP.511)** 16 Jul 2026 · 52 min About this episode Frank Danieli is Head of Global Credit Solutions at MA Financial Group, an ASX-listed alternative asset manager that oversees A$15 billion ($10 billion) across a broad range of private credit and lending strategies and A$179 billion ($125 billion) in a lending ecosystem platform. Frank began his career in… ▶Show page - 807 **Economic Growth, Governance, and Capital Allocation – Dambisa Moyo (EP.510)** 13 Jul 2026 · 54 min About this episode Baroness Dambisa Moyo is a global economist, author, board member, and investor who sits at the intersection of public policy, corporate governance, and capital allocation. Dambisa serves in the U.K. House of Lords, sits on the boards of Chevron, Starbucks, Condé Nast, and Oxford University's investment committee, is… ▶Show page - 806 **WTT: 5.5 Lessons at 55.5** 10 Jul 2026 · 8 min About this episode This WTT, 5.5 Lessons at 55.5 reflects on what five-and-a-half decades of investing, podcasting, and mistakes have taught me about people, markets, and myself. Read Ted's blog here. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠ https://thepodcastconsultant.com ⁠) ▶Show page - 805 **Moat Investing Nuances – Pat Dorsey (EP.509)** 6 Jul 2026 · 1h 7m About this episode Pat Dorsey is the Founder of Dorsey Asset Management, a $1.7 billion global public equity manager focused on companies with competitive advantages and long investment runways. Pat created Morningstar's moat research framework and led its equity research efforts for a dozen years before launching his firm in 2014. Our… ▶Show page ## Who the show talks about Firms named in its episodes, and people named in descriptions: talked about, rather than on the show. [**Google** *83*](https://millionrounds.com/fund/google-assistant-investments)[**WCM Investment Management** *15*](https://millionrounds.com/fund/wcm-investment-management)[**Bain Capital** *13*](https://millionrounds.com/fund/bain-capital)[**Apollo** *12*](https://millionrounds.com/fund/apollo-global-management)[C **Columbia Business School** *9*](https://millionrounds.com/fund/columbia-business-school)[**Duke University** *9*](https://millionrounds.com/fund/duke-university)[N **New Zealand** *9*](https://millionrounds.com/person/new-zealand-link-business-franchising)[**Revolution** *9*](https://millionrounds.com/fund/revolution)[**Chris Dixon** *8*](https://millionrounds.com/fund/chris-dixon)[F **Fidelity** *8*](https://millionrounds.com/fund/fidelity)[**Future Fund** *8*](https://millionrounds.com/fund/future-fund)[L **Los Angeles** *8*](https://millionrounds.com/person/los-angeles-platinum-equity) ## More shows like this - [**How I Invest** David Weisburd 446 episodes](https://millionrounds.com/podcasts/how-i-invest) - [**In Good Company** Nicolai Tangen, Norges Bank Investment Management 296 episodes](https://millionrounds.com/podcasts/in-good-company) - [**Money Maze Podcast** Money Maze 246 episodes](https://millionrounds.com/podcasts/money-maze) - [**Alt Goes Mainstream** Michael Sidgmore 240 episodes](https://millionrounds.com/podcasts/alt-goes-mainstream)