Today’s show brings us inside the mind of a top allocator and CIO in the private wealth world.
We talk with
Shannon Saccocia, the CIO of
Neuberger Berman Private Wealth, a division of NB that has almost $70B of assets under management. With over 24 years of experience, Shannon brings a wealth of knowledge on private markets to bear. At NB Wealth, she works closely with investment leadership to establish market views, asset allocation, and portfolio recommendations tailored specifically for NB Private Wealth clients.
Prior to joining NB, she was the CIO for 5 years at SVB Private and Boston Private Wealth, which SVB acquired in July 2021. In this capacity, she oversaw all investment management functions, including portfolio construction, asset allocation, third-party manager selection, equity and fixed income portfolio management, performance and trading.
Shannon and I had a fascinating conversation on the evolution of private markets and how both allocators and GPs can think about this changing landscape. We discussed:
- The definition of alts and what “true alternatives” are.
- The changing nature of asset allocation and why alts are such a critical part of an investors’ portfolio.
- The evolution of fees and what investors should be paying for.
- Why specialized managers can win.
- The importance of geopolitics and macro in a world where deglobalization has an increasing impact on asset allocation.
- Why secondaries are an important onramp to private markets for the HNW channel.
- What it means to get comfortable with being uncomfortable as an investor.
- What the institutional investor world can learn from HNW investors.
Thanks Shannon for coming on the Alt Goes Mainstream podcast to share your thoughts and wisdom on private markets.
What is Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets?
Alt Goes Mainstream podcast is the place to turn to for interviews with some of the brightest and most experienced minds in the world at the intersection private markets and wealth management. AGM dives into investment strategies like private equity (PE), private credit, venture capital (VC), secondaries, GP stakes, infrastructure, real estate, wealth management, and comprehensively covers tools and frameworks for approaching private markets, such as asset allocation, evergreen funds, model portfolios, and more. For anyone looking to invest into private markets (from experienced wealth managers to family offices to the individual investor looking for a more diversified investment portfolio), you’ll hear inside stories from executives and founders at some of the world’s largest financial institutions, alternative asset managers firms, and wealth management firms. More than a personal finance podcast, Alt Goes Mainstream dives deep into trends, investment strategies, firm building lessons, and innovative technologies that are enabling investors to access private markets.