Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets.

Ten East brings benefits of having your own family office without the cost and headaches of doing so.

It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner.

Michael and his investment team offer members the opportunity to co-invest by offering at their

discretion. Michael and his team source, diligence, and commit material personal capital to each

investment. The opportunities shared on the Ten East platform

offer exposure to private credit, real estate, niche venture and private equity, and other

idiosyncratic investments that typically aren't available through traditional channels.

The principles have over a decade track record of investing in these types of exposures

across more than 350

transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting,

just as you'd expect from an institutional investment organization. I've known Michael for about a

decade, and after becoming impressed by the quality of 10 East offerings, its research

process, and high-quality investment team, I became an advisor to the organization, an investor

in multiple offerings. You can learn more and join me as a member at 10east.com. That's the number 10,

east.co.

Hello, I'm Ted Sides, and this is Capital Allocators.

This show is an open exploration of the people and process behind capital allocation. Through conversations with leaders in the money game, we learn how these holders of the keys to the kingdom allocate

their time and their capital. You can keep up to date by visiting capital allocatorspodcast.com.

My guest on today's show is Anna Marshall, the vice president and chief investment officer for the William and Flora Hewlett Foundation, where she oversees the $10.5 billion

pool of capital.

Anna joined Hewlett in 2004 after spending 18 years as a direct investor in high-yield

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