Investor Exchange

Evergreen funds are reshaping how investors access private markets. In this episode, Mike Trihy explains how these vehicles work, how they differ from traditional drawdown funds, why adoption has accelerated, and how disciplined liquidity management, underwriting, and portfolio construction influence outcomes in venture growth strategies. 1:30 – Mike's background in evergreens 3:15 – Defining evergreen funds 8:30 – Comparing evergreen and drawdown funds 11:15 – Managing liquidity in an evergreen context 13:40 – Evergreen's return expectations 15:55 – Potential impacts of AI 17:10 – The role of secondary investments 20:00 – Evergreen pricing 22:45 – The biggest learning curve for evergreens Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of InvestorExchange, Greg Wasserman, head of private climate investing, examines how the climate opportunity set has evolved since clean tech 1.0. He discusses the shift from capital-intensive hardware toward scalable growth businesses and why he believes cross-sector expertise is critical to underwriting in this expanding market. 1:45 – Greg’s two decades in climate investing 4:15 – Defining climate investing 5:45 – Far beyond clean tech 1.0 10:15 – Climate risks versus opportunities 12:15 – Wellington’s investment platform 13:55 – Deglobalization, supply chains, and labor shifts 17:15 – AI, data centers, and automation 19:50 – The value of sector expertise 22:00 – Partnering with founders Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of InvestorExchange, Jackson Cummings, head of Wellington Access Ventures, discusses how early-stage investing is evolving. The conversation explores how expanding sourcing networks can uncover differentiated opportunities, how discipline is maintained across long feedback loops and amid rapid innovation, and how AI-driven shifts are reshaping competition, underwriting, and much more. 1:30 – Jackson’s background in early-stage venture   4:30 – Expanding the investable universe   6:00 – Building early-stage venture networks   7:45 – Why founders choose Wellington 9:45 – Discipline through long feedback loops   11:35 – Understanding the venture J-curve   14:20 – How AI is reshaping early-stage venture   17:15 – Diving deep on AI opportunities 20:00 – Underwriting adaptability amid rapid innovation Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of our InvestorExchange private markets series, Ravi Anand, portfolio manager and head of private real estate credit, explores how the asset class is evolving and highlights why we believe there is a perpetual need for transitional lending.2:00 – Ravi’s background in CRE debt4:45 – Investing in a mature CRE market6:50 – Two rapid cycles: Behavior and investment flows9:10 – Transitional lending’s perpetual opportunity set12:00 – The case for large loans13:45 – Real estate debt versus equity15:20 – Banks evolving role in CRE17:30 – Navigating CRE’s risks19:00 – Ravi Anand, poker player Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As part of our InvestorExchange private markets series, Liz Perenick, head of portfolio management for investment-grade private credit, profiles how the asset class has changed, how it differs from other parts of private credit, and much more.Key topics:2:15 – Liz’s background in investment-grade private credit3:10 - What is IG private credit (and how has it evolved)?5:15 – Who accesses this asset class?7:05 – Liquidity and valuations10:45 – Sourcing IG private credit deals12:15 – Outlook for investment-grade private credit14:15 – Public/private convergence15:00 – Potential risks in investment-grade private credit16:45 – Liz Perenick, beekeeper  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As part of our InvestorExchange private markets series, Jeff Chapman, head of growth lending, outlines the growth lending market, how and why it has evolved, and much more.Key topics:1:55 – Jeff’s background in growth lending4:00 – Growth lending market overview5:00 – Lending to cash-burning companies6:15 – What types of companies access growth lending?7:00 – How has the growth lending market evolved?9:10 – Underwriting, covenants, sourcing10:30 – Growth lending amid a decline in venture fundraising13:30 – Why a company would partner with Wellington14:30 – Jeff Chapman, photographer  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Maintaining an edge in long/short investing isn't easy., especially in emerging markets. On our latest episode of InvestorExchange, host Chris Perret sits down with portfolio manager Mehak Bhatia for an engaging conversation about investing and managing risk in emerging markets credit. Discover how Mehak's personal and professional journey shapes his approach and helps him maintain his edge.1:20 – Mehak’s career path to Wellington5:30 – Prudent risk taking6:30 – Emerging markets trading process8:26 – Mehak’s “edge”10:15 – Current EM environment13:15 – Overlooked EMs?14:35 – Cricket and professional goals  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What does it take to build the next generation of hedge fund leaders? The hedge fund industry is evolving — fast. In our latest InvestorExchange episode, Leslie Eisen joins host Chris Perret to explore how Wellington is redefining talent development, from mentorship and specialization to the skills needed to compete in this growing industry.Listen to “The talent nexus: Building tomorrow’s hedge fund leaders.” 1:45 Leslie’s background and love of people5:20 Getting portfolio manager from good to great8:50 Example of helping a PM “see the ball”10:10 Update on talent development at Wellington14:30 Future of talent development Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What's the trajectory for interest rates? It's complicated, and structural and cyclical dynamics may matter more than near-term policy decisions. Three of our experts, Amar Reganti, Mike Medeiros, and Brij Khurana, discuss their differing views on which forces bear watching when it comes to the direction of rates in coming years. 0:00 – Introduction to the Great Rate Debate2:15 – The rate cycle: structural vs cyclical forces5:15 – Labor markets, inflation, and fiscal backdrop9:00 – Foreign flows and demand for US assets12:20 – Implications of AI17:00 – Which matters more: productivity boost or debt reduction?20:20 – Investor takeaways and insights for allocators Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Mark Sullivan explores the evolution of hedge funds and explains where he believes the industry is heading. 2:00 – Meet Mark Sullivan2:55 – Wellington’s hedge fund platform4:20 – The evolution of the (highly competitive) hedge fund industry7:30 – How and why clients are thinking more carefully 9:15 – What does the next decade in hedge fund investing look like?    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Trader Masaya Okoshi and host Amar Reganti talk about the evolution and mechanics of bond market trading. 2:55 – Bond trading, then and now  5:40 – Price transparency vs ability to move risk  7:30 – What is portfolio trading?  9:35 – Hedging with credit ETFs  11:05 – Technology: Does the limit exist?  15:10 – Long-only vs long-short worlds Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the latest episode of Wellington’s InvestorExchange podcast, host Amar Reganti sits down with Brij Khurana, portfolio manager of an unconstrained bond strategy, to discuss the shifting dynamics of US and global markets, and what they mean for asset allocators. 1:45 – How the US navigated the GFC and COVID pandemic  6:50 – Immigration and labor supply  8:30 – The One Big Beautiful Bill Act and the Fed  11:40 – What’s happening in global capital markets?  14:10 – Applying this to allocations  17:20 – What’s next? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Host Amar Reganti is joined by head of financial reserves management Alyssa Irving to discuss the state of commercial real estate lending, focusing on CMBS, private credit, and evolving market dynamics.2:00 What is financial reserves management?  3:05 Early days of the commercial real estate lending  5:30 Similarities and differences with the current CMBS market  7:45 Effect of private credit  9:50 Valuations and risks of CMBS  13:00 How can investors gain exposure?  14:30 Esoteric securitizations Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Macro strategist Mike Medeiros joins host Amar Reganti to dissect the Trump administration's policy moves to date and what they may mean for the US economy going forward. 2:35 - What would happen under full tariffs?  4:20 - Historical path to deglobalization  5:45 - Impact of tariffs on inflation and growth  9:00 - Has DOGE been effective?  10:55 - Reconciliation bill trajectory and effects  16:00 - What are policymakers missing? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fixed income portfolio manager Connor Fitzgerald joins host Amar Reganti to discuss the potential effects of tariffs and other fiscal decisions on the bond market.2:20 Liberation Day fallout  5:10 Tariffs as taxes  7:40 Breaking down market impacts  10:10 Structural increase in term premia  12:45 Inflation breakeven signals  15:55 Probability of recession  19:00 Managing fixed income portfolios Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The bond market is critical for moving credit through the global financial system. So how will global bond markets respond amid today's volatility? How have the first 100 days of the Trump administration changed the calculus? In the first episode of Wellington Management's new InvestorExchange podcast, host Amar Reganti, fixed income strategist, talks to Campe Goodman, head of multisector credit investing, about what's next for bond markets and how investors may be able to navigate them. 1:50 How the bond market reflects the current economic environment  4:30 Are we headed for a recession?  7:00 Effect of policy uncertainty on opportunities in credit  10:20 What do credit allocators overlook?  12:10 The rise of private credit  15:50 Tail risks and key lessons learned Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.