Michael Carmen – Late-Stage Private Investing at Wellington (EP.332)
Capital Allocators – Inside the Institutional Investment Industry
English - August 10, 2023 08:00 - 55 minutes - 38.1 MB - ★★★★★ - 646 ratingsInvesting Business Management capitalallocation Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Today’s Sponsored Insight features Michael Carmen, the Co-Head of Private Investments at Wellington Management. Wellington’s Private Investment platform has $8 billion in committed capital investing across technology, consumer, health care, and financial services. Michael helped launch the firm’s first private equity fund in 2014, bringing Wellington’s broad scope to late-stage venture-backed companies. He previously invested in diversified small- and mid-cap public equities.
Our conversation covers Michael’s early career, path to Wellington, and pivot after a decade at Wellington from public markets to privates. We discuss his investment process across sourcing, diligence alongside Wellington’s public equity analysts, value proposition for portfolio companies, portfolio construction, and exits. We close with opportunities and risks for those with capital to put to work.
For full show notes, visit the episode webpage here.
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