Tim McCusker – Advising Through a Crisis at NEPC (Capital Allocators, EP.135)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.7 • 841 Ratings
🗓️ 30 April 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
Tim McCusker is the Chief Investment Officer at consulting powerhouse NEPC, who serves 350 clients with total assets over $1.2 trillion. Tim joined me for the last of our special updates from the field during this unique and challenging period.
Our conversation touches on the separation of short-term and long-term strategies, different responses across hospitals, public funds, corporate funds and private clients, opportunities in credit, the state of private equity, due diligence conducted virtually, and long-lasting changes in workflow.
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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 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. |
| 1:31.7 | Hi, I hope you're healthy and staying safe. |
| 1:40.5 | My friends of ProSec partners reached out with the idea of having a mini-series about some of the issues facing allocators in this novel environment. |
| 1:43.6 | How are they thinking about risk and opportunities? How are they communicating with |
| 1:45.6 | managers and how will they conduct due diligence and push forward? I'm grateful to the very |
| 1:50.9 | busy professionals who spared time to share their thoughts and a special thanks to ProSec |
| 1:55.4 | partners for sponsoring the series. For more than 20 years, ProSec has been building and protecting brands on behalf of leading financial institutions. |
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