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Capital Allocators – Inside the Institutional Investment Industry

Diversity, Equity & Inclusion 1: Jacob Walthour – A Blueprint for Diversity (Capital Allocators, EP.151)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Business, Investing

4.7841 Ratings

🗓️ 10 August 2020

⏱️ 70 minutes

🧾️ Download transcript

Summary

Jake Walthour is the Co-Founder and CEO of Blueprint Capital Advisors, an alternative investment manager that advises, sources, and oversees portfolios of managers on behalf of institutional clients. Jake launched Blueprint after two decades of experience on Wall Street, including senior roles at investment consultants Aksia and Cliffwater, and at investment managers Cowen, Citadel, Moore Capital, and Morgan Stanley Asset Management. Black Enterprise Magazine recognized him as one of the Most Influence Blacks on Wall Street.

Our conversation discusses Jake's path through investment banking to investment management, lessons from top alternative managers, and the business at Blueprint. Along the way, we address examples of structural and unconscious racial bias on Wall Street, points of sensitivity for Black professionals, and Blueprint's current lawsuit alleging racial discrimination. Jake's experience sheds terrific insight into some of the subtle problems causing Diversity and Inclusion challenges in finance.

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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 this 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

0:35.0

each 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 TENI's 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 10east.com. That's the number 10,

1:25.0

east.co.

1:39.1

Diversity, equity, and inclusion, awareness, and action is brought to you by Northern Trust Front Office Solutions.

1:41.3

Northern Trust's platform empowers asset owners with better operations and tech

1:45.9

support to allow investment teams and CIOs to meet their middle and front office needs.

1:51.6

Their blend of technology and service has resonated and generated a lot of interest from listeners

1:57.8

of the show. Diversity, equity, and inclusion is deeply ingrained in the culture at Northern Trust,

2:03.9

and a special thanks to them for sponsoring this important miniseries.

...

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