Leave us a review in the app store!
July 18, 2024

E78: Fmr. CIO of CalPERS on Private Markets Investing

E78: Fmr. CIO of CalPERS on Private Markets Investing

Dr. Russell Read, current CIO at 10X Capital, and former CIO at CalPERS, CIO of Alaska Permanent Fund and CIO of the Gulf Investment Corporation sits down with David Weisburd to discuss his extensive career as a premier investment professional.

The player is loading ...

Dr. Russell Read, current CIO at 10X Capital, and former CIO at CalPERS, CIO of Alaska Permanent Fund and CIO of the Gulf Investment Corporation sits down with David Weisburd to discuss his extensive career as a premier investment professional. They dive into how large scale pensions allocate to private markets, how those plans structure co-investment programs and design a theoretical allocation strategy. 


The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

--

X / Twitter:

@dweisburd (David Weisburd)


--

LinkedIn:

Dr. Russell Read: https://www.linkedin.com/in/russell-read-38424263

10X Capital: https://www.linkedin.com/company/10x-capital/mycompany/

CalPERS: https://www.linkedin.com/company/calpers/

Alaska Permanent Fund: https://www.linkedin.com/company/alaska-permanent-fund-corporation/

David Weisburd: https://www.linkedin.com/in/dweisburd/ 

--

LINKS: 

10X Capital: https://www.10xcapital.com/

CalPERS: https://www.calpers.ca.gov/

Alaska Permanent Fund: https://apfc.org/


 --

NEWSLETTER:

By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 

--

Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

--

TIMESTAMPS:

(1:06) Introduction of Dr. Russell Read and his role at CalPERS

(1:47) Diversifying investments internationally

(3:24) Challenges of allocating to private markets

(4:25) Venture capital investment strategies

(5:35) Structuring co-investment programs

(7:33) Alaska Permanent Fund's success story

(11:49) Addressing understaffing in pension funds

(13:27) Utilizing external resources effectively

(15:03) Economics of co-investment opportunities

(17:23) Strategies for new Sovereign Wealth and pension funds

(19:40) Impact of fund size on alternative investment success

(21:52) Discussing liquidity premium and retirement funding reforms

(24:08) 10X Capital's strategic approach to asset management

(25:04) Investment objectives variation among organizations

(27:35) Re-evaluating the 60/40 investment model