ATLalts

Andres Sandate

ATLalts is a podcast for those interested in learning about alternative investments and alternative asset classes through interviews with investors, asset owners, and industry practitioners. ATLalts explores venture capital, private equity, real estate, credit, private debt, distressed, hedge funds, commodities, FX, currencies, infrastructure, structured products, digital assets, multi-alternatives, secondaries, collectibles, farmland, timberland, and more specialized alternative assets such as life settlements, aircraft leasing, royalties, litigation funding, and marine finance. read less
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Episodes

Ron Geffner, Partner, Sadis and Robert Swarthout, Founder, CEO, and Portfolio Manager of Teton Crypto Capital join ATLalts to discuss the Bitcoin ETF phenomenon, crypto regulations, recent enforcement actions in the digital assets industry
Yesterday
Ron Geffner, Partner, Sadis and Robert Swarthout, Founder, CEO, and Portfolio Manager of Teton Crypto Capital join ATLalts to discuss the Bitcoin ETF phenomenon, crypto regulations, recent enforcement actions in the digital assets industry
Ron Geffner, Partner, SadisRon is a founding member of the firm’s Executive Committee and also oversees the Financial Services group. He regularly structures, organizes and counsels private investment vehicles, investment advisory organizations, broker-dealers, commodity pool operators and other investment fiduciaries. Ron also routinely counsels clients in connection with regulatory investigations and actions. His broad background with federal and state securities laws, and the rules, regulations and customary practices of the SEC, Financial Industry Regulatory Authority, Commodities Futures Trading Commission and various other regulatory bodies, enables him to provide strategic guidance to a diverse clientele. He provides legal services to hundreds of hedge funds, private equity funds and venture capital funds organized in the United States and offshore.Ron began his legal career with the SEC, where he investigated and prosecuted violations of the federal securities laws with an emphasis on enforcement in connection with violations of the Investment Advisers Act of 1940 and the Investment Company Act of 1940. He also assisted federal and state criminal agencies, such as the Federal Bureau of Investigation, the U.S. Attorney’s Office and the Attorney General’s Office, in their investigations of possible criminal violations of federal and state securities laws.Prior to starting Sadis & Goldberg, Ron was associated with two other New York City-based law firms, where he represented domestic and offshore private investment vehicles, as well as broker-dealers, registered investment advisers and registered investment companies.He began his corporate legal career as in-house counsel in the Investment Management Industry Services group of PricewaterhouseCoopers LLP, where he provided legal advice regarding investment advisers, registered investment companies and broker-dealers.Ron is often interviewed as a legal expert in the securities industry. He has appeared on Fox News, CBS Morning Show, CBS Evening News with Dan Rather, Squawk Box, Power Lunch and Closing Bell on CNBC, British Broadcasting Channel and Bloomberg Radio. He is regularly quoted in The New York Times, The Wall Street Journal, Bloomberg News, Barron’s, Barron’s Online, Reuters, Dow Jones, Financial Times, New York Newsday, London Daily News, TheStreet.com, Private Equity Week and other national and international publications.https://www.sadis.com/professionals/ron-s-geffnerhttps://www.linkedin.com/in/rgeffner/Robert Swarthout, Founder, CEO, and Portfolio Manager of Teton Crypto CapitalRobert, the Founder, CEO & Portfolio Manager of TCC, is a cryptocurrency veteran. He has been investing in the cryptocurrency space for over five years with a full-time focus for over three years. He is a calculated investor that understands that this new emerging market is a marathon rather than a sprint. By taking the long view he focuses on the tokens that will solve large problems over the long term rather than the flavor of the current news cycle.In the first chapter of Robert’s career, he founded and sold two software businesses. The most recent venture (ShootProof.com) is a SaaS business that enables professional wedding and portrait photographers to serve their clients better. He co-founded ShootProof in 2009 and grew it to 43 employees, 43,000+ paying customers and $10M+ in annual recurring revenue, all with no outside funding. Being a multi-time founder, he is experienced in starting and scaling businesses and teams. He prides himself on building teams that thrive on adjusting to challenges in front of them. As of late 2018, a private equity group took a controlling interest in ShootProof.https://www.linkedin.com/in/robertswarthout/
Kimberly Ann Flynn, CFA, Managing Director, Alternative Investments at XA Investments
Mar 27 2024
Kimberly Ann Flynn, CFA, Managing Director, Alternative Investments at XA Investments
XAI is focused on closed-end funds and helps clients build permanent capital vehicles including U.S. Listed CEFs, Interval Funds, CEF/REITs, London Listed Investment Companies, Tender Offer Funds and Auction Funds. XAI Consulting clients leverage XA's experienced team to launch innovative closed-end funds (CEFs) in traditional and alternative asset classes. In this interview, Kimberly and I walk through a typical client's feasibility assessment step-by-step before launching a CEF.Kimberly Ann Flynn is a Managing Director at XA Investments. She is a partner in the firm and is responsible for all product and business development activities. Kim is responsible for the firm's proprietary fund platform and consulting practice. Kim has developed an expertise in closed-end fund product development and is a frequent contributor to media and industry events on topics including interval funds, alternative investments and London-listed investment companies. Kim has earned the CFA designation and is a member of the CFA Institute and CFA Society Chicago. She is also Series 7, 63 and 24 licensed.Previously, Kim was Senior Vice President and Head of Product Development for Nuveen Investments' Global Structured Products Group. In her 11 years at Nuveen, she helped develop over 40 closed-end funds, raising approximately $13 billion in capital. In her leadership role at Nuveen, Kim was responsible for asset-raising activities through the development of new, traditional, and alternative investment funds, including CEFs, ETFs, UITs, and commodity pools.Kim received her MBA degree from Harvard University, where she was a William J. Carey scholar and President of the HBS Volunteers. Before attending Harvard Business School, Kim spent three years working in Morgan Stanley's Investment Banking Division (1999-2002) in their Chicago office. She earned her BBA in Finance and Business Economics, summa cum laude, from the University of Notre Dame in 1999 where she was a valedictorian candidate, Rhodes Scholar finalist and the first recipient of the Paul F. Conway Award, given to a senior in the Department of Finance who embodies Notre Dame's tradition of excellence and who enriches the ideals of the university.Kim was recently selected to serve on the Notre Dame Wall Street leadership committee. She also serves on the board of the Women in ETFs Chicago chapter as Head of the Mentorship Committee and on the advisory board of Youth Guidance's Becoming A Man program. She is an active member of the University Club of Chicago and the Harvard Club of New York City, where she conducts regular business. Kim and her family - husband, Leo; son, Teddy; and daughter, Rose - live in Lincoln Park.
Michael Liss, Chief Investment Officer and Co-founder of Three Bulls Capital LLC, a Community-Driven Investing Real Estate Investment Company
Mar 19 2024
Michael Liss, Chief Investment Officer and Co-founder of Three Bulls Capital LLC, a Community-Driven Investing Real Estate Investment Company
My guest on ATLalts was Chief Investment Officer and Co-founder of Three Bulls Capital LLC Michael Liss.Three Bulls Capital is a real estate investment company focused on a community-driven investing approach to single family housing in former textile milling towns in Georgia.Three Bulls Capital focuses specifically on Middle Georgia communities where it can revitalize workforce housing neighborhoods through a sustainable model of secondary/tertiary market investments, self-management and a focused ESG component.Eventually the team plans to extend their platform to additional former textile milling towns throughout the Southeastern U.S.Middle Georgia has benefited from statewide efforts to develop new industry and Foreign Direct Investment (FDI) in these communities that have sticky populations but also are attracting newcomers seeking quality jobsMiddle Georgia markets where Three Bulls Capital is most active sit along Interstate 75 and among major transportation arteries including the Atlanta Airport and the Port of Savannah Three Bulls Capital collaborates with city officials, employers, and other key stakeholders seeking to uplift neighborhoods and renovate historic SFR housingThree Bulls Capital differentiates itself by creating clusters of renovated properties, driving positive change in neighborhoods. SFR investing has evolved from buying cheap assets to generating cash and achieving efficiencies through scale.Three Bulls Capital operates in SFR 4.0, focusing on community-driven investing and revitalizing former mill towns to create communities that can thrive again.Their investment model aims to provide quality workforce housing, drive value at a community level, and promote home ownership.Buying right, managing costs, and maintaining high standards are crucial for uplifting neighborhoods and creating positive social impact.
Mike Shum, Co-Founder & CEO of Cascade, a fintech focused on modernizing the private debt and alternative credit market
Mar 5 2024
Mike Shum, Co-Founder & CEO of Cascade, a fintech focused on modernizing the private debt and alternative credit market
Cascade is a fintech platform democratizing access to institutional debt. Co-Founder & CEO Mike Shum and Co-Founder and COO Kyle Meade built a platform to help companies streamline complicated and time-consuming debt processes. Whether raising debt for the first time, or already using multiple debt facilities, Cascade can help.Cascade websiteMike Shum's LinkedInOn this episode of ATLalts, Mike Shum, the Co-Founder and CEO of Cascade, shares his journey and the mission of the company. Mike discusses the challenges in the private debt market and how Cascade is building solutions to simplify and streamline the process. Mike also provides insights on preparing for accessing institutional debt and the importance of the structuring phase in the debt raise process. In this conversation with ATLalts host Andres Sandate Mike discusses the importance of valuation and terms in debt financing. Mike emphasizes that price and size are not the primary concerns for early-stage founders, but rather factors such as leverage and flexibility should get more attention. Mike explains that interest rate is just one component of a term sheet and that founders should consider other factors like upfront fees and unused capital fees. Mike highlights the significance of eligibility criteria and concentration limits. Mike discusses the monitoring and compliance aspect of debt deals, emphasizing the need for accurate and real-time reporting. Mike concludes by explaining how Cascade provides solutions for asset managers in the private credit space and shares the company's vision for the future.TakeawaysPrice and size are not the primary concerns in debt financing; factors like leverage and flexibility are important considerations as well, particularly for early-stage companies.Interest rate is just one component of a term sheet; founders should consider other factors like upfront fees and unused capital fees.Eligibility criteria and concentration limits are crucial aspects of debt deals that often get overlooked by founders who prioritize price and size.Accurate data and real-time monitoring and compliance are essential for successful debt deals.Cascade provides solutions for asset managers in the private credit space and aims to streamline the debt management process.The private credit market is growing rapidly, and Cascade envisions becoming a one-stop shop for managing all aspects of the debt stack.