E96: “100% Alpha Portfolio” - Levy Family Partners

10X Capital Podcast

The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.

E96: “100% Alpha Portfolio” - Levy Family Partners

E96 • Sep 19, 2024 • 18 mins

Michael Wallach, Vice President of Investment at Levy Family Partners sits down with David Weisburd to discuss the unexpected challenges of working at a family office, how to leverage expert insights to drive high-impact investments, and critical mistakes LPs should always avoid.

Key Points

Investment decisions at Levy Family Partners are driven by a mission alignment and belief in the entrepreneur's core thesis.
Levy Family Partners employs a robust diligence process, operating on the principle that investments are "guilty until proven innocent" to ensure accuracy and transparency.
Working within a family office allows for long-term strategic investments without the pressure of immediate returns, providing flexibility and alignment with the founders' vision.

Speakers

Michael Wallach

Guest • 81%

David Weisburd

Host • 19%

Chapters

0:00	Investment philosophy and mission alignment
0:20	Pet peeves with emerging managers and destructive behaviors by LPs
1:24	Overview of Levy Family Partners and investment strategy
2:14	Differentiating alpha from beta and holistic portfolio management
3:34	Sourcing funnel, grading system, and initial diligence process
5:17	Capital preservation strategies and drawdown planning
7:13	Remedies for liquidity issues and data room preferences
9:45	Transparency, trust, and co-investor relationships
11:02	Asset class allocation and lessons from Levy Family Partners
12:34	LP strategies for returns and GP pain points
15:57	Advantages and advice for joining a family office
17:25	Closing remarks and gratitude

Transcript

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