Ali Hamed - Novel Asset Investing (Capital Allocators, EP.40)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.8 • 806 Ratings
🗓️ 19 February 2018
⏱️ 66 minutes
🧾️ Download transcript
Summary
Ali Hamed is the co-founder of CoVenture and Managing Partner of the CoVenture VC Fund. CoVenture is an innovative company that identifies and invests in novel assets formed by the intersection of technology and finance. The firm manages an early stage venture capital fund, direct lending fund, and crypto asset index fund, with each taking a creative twist on its market.
Our conversation starts with Ali’s entrepreneurial path to the creation of CoVenture, and covers examples of previously unpriced investment opportunities, including produce receivables, employee payroll loans, AirBnB accounts, and loans against employee stock options. We walk through the world of crypto assets and the state of the venture capital industry. Ali’s fresh lens on the world offers a fascinating perspective on every aspect of early stage investing.
If I didn’t say it in advance, you’ll be astounded to hear that Ali is only 26 years old. He’s one to watch for the long-term.
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Show Notes
2:22 – Ali’s background
3:09 – How Ali got the bug for startups
4:06 – His time in NY without a home and where he gained the confidence to start in the entrepreneurial space
7:35 – Why their venture business is different from so many others in the space
9:12 – How Ali turned an idea into a business
11:33 – How does Ali describe CoVenture
12:10 – An example of an ideal CoVenture investment
14:53 – The transition into a specialty lending business
19:25 – How many niche opportunities has Ali identified as a place where he could create loans
22:04 – Examples of unpriced assets
24:23 – How does Ali find unique opportunities
27:40 – What’s next on the horizon for Ali and CoVenture
28:28 – Looking at cryptocurrency and the business that Ali has built for the space
29:33 – Why did they create a cryptoasset index that was cap weighted
30:39 – Why should someone have exposure to a cryptoasset
35:23 – How does someone in the financial world get comfortable with the idea of cryptoassets
38:59 – Why Ali doesn’t invest in ICO’s
40:42 – What would an institutional cryptoasset fund look like
45:50 – How should an allocator try to address the idea of first in money in the cryptospace
50:32 – Where can someone play in the spectrum of venture investing
52:30 – What is the time horizon for venture investments
56:24 – Closing questions
Transcript
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| 0:00.0 | Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets. |
| 0:10.5 | Ten East brings benefits of having your own family office without the cost and headaches of doing so. |
| 0:16.8 | It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner. |
| 0:24.2 | Michael and his investment team offer members the opportunity to co-invest by offering at their |
| 0:29.1 | discretion. Michael and his team source, diligence, and commit material personal capital to each |
| 0:35.3 | investment. The opportunities shared on the Ten East platform |
| 0:38.9 | offer exposure to private credit, real estate, niche venture and private equity, and other |
| 0:44.5 | idiosyncratic investments that typically aren't available through traditional channels. |
| 0:49.2 | The principles have over a decade track record of investing in these types of exposures |
| 0:53.5 | across more than 350 |
| 0:55.7 | transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting, |
| 1:01.8 | just as you'd expect from an institutional investment organization. I've known Michael for about a |
| 1:07.0 | decade, and after becoming impressed by the quality of 10 East offerings, its research |
| 1:11.6 | process, and high-quality investment team, I became an advisor to the organization, an investor |
| 1:17.1 | in multiple offerings. You can learn more and join me as a member at 10-east.com. That's the number 10, |
| 1:25.4 | east.co.O. |
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