meta_pixel
Tapesearch Logo
Log in
The Meb Faber Show - Better Investing

Meketa's Steve McCourt & Primark's Michael Bell - Democratizing Private Equity | #482

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7938 Ratings

🗓️ 24 May 2023

⏱️ 69 minutes

🧾️ Download transcript

Summary

Today’s guests are Steve McCourt, co-CEO of Meketa Investment Group, an investment consulting and advisory firm serving institutional investors, and Michael Bell, founder of Primark Capital, an investment management firm providing retail investors with access to private equity investment opportunities. In today’s episode, Steve and Michael discuss their new partnership aimed at expanding access to private equity investments. They walk through the nuts and bolts of the interval fund structure, touching on fees, sourcing institutional quality deals, diversification through vintage and industry, and the benefits of doing this through co-investments. Then we spend some time talking about the current state of private equity and what they’re seeing with both existing investments and new opportunities. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! ----- DISCLOSURE: Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information is included in the Fund Prospectus and is available through the Prospectus link on the Primark website: https://primarkcapital.com – Primark Prospectus. Please read the Prospectus carefully. An investment in the Fund is subject to, among others, the following risks: The Fund is not intended as a complete investment program but rather the Fund is designed to help investors diversify into private equity investments. The Fund is a “non‑diversified” management investment company registered under the Investment Company Act of 1940. An investment in the Fund involves risk. The Fund is new with no significant operating history by which to evaluate its potential performance. There can be no assurance that the Fund’s strategy will be successful. Shares of the Fund are not listed on any securities exchange, and it is not anticipated that a secondary market for shares will develop. Shares are appropriate only for those investors who can tolerate a high degree of risk, and do not require a liquid investment. There is no assurance that you will be able to tender your shares when or in the amount that you desire. Although the Fund will offer quarterly liquidity through a quarterly repurchase process, an investor may not be able to sell or otherwise liquidate all their shares tendered during a quarterly repurchase offer. The Fund’s investment in private equity companies is speculative and involve a high degree of risk, including the risk associated with leverage. Distributor: Foreside Financial Services LLC Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Mepp Faber Show, where the focus is on helping you grow and preserve your wealth.

0:11.0

Join us as we discuss the craft of investing and

0:13.5

uncover new and profitable ideas all to help you grow wealthier and wiser.

0:17.2

Better investing starts here.

0:18.8

Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.

0:23.3

Did it industry regulations, he will now discuss any of Cambry's funds on this podcast.

0:27.2

All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion

0:31.1

of Cambria Investment Management for its affiliates.

0:33.4

For more information, visit Cambria Investments.com.

0:36.3

What is up everybody?

0:40.7

We got an interesting episode for you today. Our guests are Steve McCourt,

0:43.9

co-ceeo of Makita Investment Group, an Investment Consulting Advisory firm serving

0:48.6

institutional investors and Michael Bell, founder of Primark Capital, an investment management firm providing retail investors with access to private equity investment opportunities.

0:58.0

Today's episode, Steve and Michael discussed their new partnership aimed at expanding access to private equity investments.

1:04.6

They walk through the nuts and bolts of the interval fund structure, touching on fees,

1:09.2

sourcing institutional quality deals, diversification through vintage and industry,

1:14.2

then the benefits of doing this through co-investments.

1:17.4

Then we spend some time talking about the current state of private equity,

1:20.4

what they're seeing both with existing investments and new opportunities.

1:24.0

If you're an advisor that's thinking about getting your client some exposure to private equity,

1:28.0

this is an episode you don't want to miss.

1:30.0

American Farmland is disappearing at an alarming rate.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Idea Farm, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Idea Farm and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.