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Animal Spirits Podcast

Talk Your Book: Infrastructure Investing

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.82K Ratings

🗓️ 11 November 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

On today's show, we are joined by Jon Levin, CEO of GCM Grosvenor and Mark Gatto, Co-Founder and Co-Chief Executive Officer of CION Investments to discuss the basics around the infrastructure asset class, BDC's vs interval fund products, risk and return expectations for infrastructure, thoughts on infrastructure investing during rate cycles and election years, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation.   Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investments in alternatives are speculative and involve substantial risk, including market risks, credit risks, macroeconomic risks, liquidity risks, manager risks, counterparty risks, interest rate risks, and operational risks, and may result in the possible loss of your entire investment. No assurance can be given that any investment will achieve its objectives or avoid losses. Past performance is not necessarily indicative of future results. The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities. All expressions of opinion are subject to change without notice in reaction to shifting market, economic, or political conditions. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed.   Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's Animal Spirits is brought to you by CyanInvestments. Go to cyaninvestments.com.

0:05.2

To learn more about the Cyangrovenor Infrastructure Fund, which we're talking about today,

0:09.0

that's cyaninvestments.com.

0:13.2

Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael

0:17.9

Batnik and Ben Carlson as they talk about what they're reading, writing,

0:21.6

and watching. All opinions expressed by Michael and Ben are solely their own opinion and do not reflect

0:26.7

the opinion of Ridholt's wealth management. This podcast is for informational purposes only and

0:31.5

should not be relied upon for any investment decisions. Clients of Ridholt's wealth management

0:36.1

may maintain positions in the securities discussed in this podcast.

0:42.8

Welcome to Animal Spirits with Michael and Ben.

0:45.5

Ben, one of the themes of the year for advisors anyway are the rise of private investments.

0:54.3

It feels like it's a title wave, doesn't it?

0:56.0

It does.

0:56.6

And you have all these companies who have spent their careers focused on institutional investors.

1:05.5

A mission accomplished.

1:06.7

Great success.

1:08.1

Institutional investors have, call it, 30% of the portfolios invested in private assets.

1:13.6

And retail investors have effectively, let's call it zero.

1:18.7

And so the shift has focused or the shift has turned or the focus has shifted.

1:24.2

That's what I'm looking for.

1:25.3

To individual investors.

1:26.4

And on today's show, we're joined by a company, Cyan Investments, that has been, they

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