『Asset Backed』のカバーアート

Asset Backed

Asset Backed

著者： Andres Sandate
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Experts estimate that the asset-based finance (ABF) and specialty finance market represents a $40 trillion opportunity. ABF and specialty finance primarily finance things that touch our daily lives, including housing, medical/healthcare, communication, and the workplace. Additional areas include sports, media, data, education, clean energy, and manufacturing. The Asset Backed podcast by Endurance Strategies, LLC, hosted by Andres Sandate, features in-depth and timely conversations with leaders across these vast, growing, and rapidly evolving credit markets. Conversations with investors and allocators, lenders, NBFI originators, borrowers, bankers, lawyers, data, analytics, and technology infrastructure providers, and many other industry experts will help build your knowledge, understanding, and network across this important area of private credit.© 2026 Andres Sandate マネジメント マネジメント・リーダーシップ 個人ファイナンス 経済学
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  • From Fighter Pilot to CIO: The Net Lease Strategy Most Advisors Are Missing with Matt Sandretto

    From Fighter Pilot to CIO: The Net Lease Strategy Most Advisors Are Missing with Matt Sandretto
    2026/09/18

    From the cockpit of a Navy jet to the helm of a $115M real estate fund — Matt Sandretto's path to becoming CIO of Prairie Hill Holdings is unlike any other in the alternatives space.

    In this episode of Asset Backed, host Andres sits down with Matt to unpack one of the most misunderstood and underallocated corners of private markets: net lease real estate. If you've heard of multifamily or industrial but never really dug into net lease — this is the episode that changes that.

    Matt breaks down:
    ✅ Why he walked away from private equity after discovering real estate inside manufacturing deals
    ✅ What a net lease actually is — and why it changes the entire risk profile for investors
    ✅ The Lululemon example: why owning the real estate beats owning the business
    ✅ Industrial tailwinds: onshoring, falling construction, and tight fundamentals in key markets
    ✅ Retail's secret: ~4% national vacancy after 20+ years of underbuilding
    ✅ Why informational arbitrage still exists in real estate — and how PHH exploits it
    ✅ Why single-asset syndications are dangerous for the wealth management channel
    ✅ How RIAs and family offices should think about a real estate allocation

    Prairie Hill Holdings is the newest manager in the EnduranceX marketplace — an alternatives platform built to connect independent RIAs and family offices with institutional-quality managers that fly below the radar.

    This is Episode 1 of a multi-part series. Episode 2 will go deeper into deal case studies, PHH's right to win, and how advisors can access the strategy.

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    🔗 CONNECT WITH PRAIRIE HILL HOLDINGS
    Website: www.prairie-hill.com
    Email: investors@prairie-hill.com
    LinkedIn: linkedin.com/in/matthewsandretto
    Q2 2026 Quarterly Update: https://lnkd.in/dNEpw7fz

    🔗 CONNECT WITH ENDURANCEX
    Website: www.endurancex.io
    Email: andres@endurancestrategies.com
    LinkedIn: https://www.linkedin.com/in/sandate/
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    ⏱ TIMESTAMPS
    00:00 — Intro & how EnduranceX found Prairie Hill Holdings
    02:42 — Matt's background: Navy, Wharton, and buying manufacturing businesses
    08:04 — The mindset shift: real estate vs. private equity risk
    10:05 — The Lululemon example: owning the business vs. the real estate
    13:59 — The 10x equity deal that started it all
    16:27 — Informational arbitrage in real estate
    29:39 — What is net lease real estate?
    36:04 — Industrial tailwinds: onshoring & falling construction
    41:17 — Retail's hidden strength: 4% national vacancy
    45:46 — What RIAs get wrong about real estate allocation
    56:09 — Portfolio approach vs. single-asset syndications
    1:03:37 — What's coming in Episode 2

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    #NetLease #RealEstateInvesting #AlternativeInvestments #PrivateMarkets #RIA #FamilyOffice #IndustrialRealEstate #AssetBacked #EnduranceX #PrairieHillHoldings
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    ⚠️ This content is for informational purposes only and does not constitute an offer or solicitation to purchase an interest in any fund. Past performance is not indicative of future results. Investment in private funds is speculative and subject to risk of loss.
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    1 時間 11 分
  • Venture capital with Half the Risk, a conversation with Ian Leisegang of 3Spoke Capital

    Venture capital with Half the Risk, a conversation with Ian Leisegang of 3Spoke Capital
    2026/03/31

    On this special dual episode of ⁨@AssetBacked⁩ and ⁨@ATLalts,⁩ I interviewed Ian Leisegang, CFA, of 3SPOKE, a provider of structured liquidity for the venture capital ecosystem.

    3SPOKE is a private investment firm providing structured liquidity solutions to owners of late-stage venture assets.

    Ian is the Co-Founder and Managing Partner of 3SPOKE and is responsible for all aspects of the management and strategic direction. Ian co-directs the firm’s investment process, leads the firm’s investor relationships, finance & operations, and co-directs the 3SPOKE Investment Committee.

    3SPOKE invests in the next generation of visionary and disruptive global companies. These innovative companies continue to mature and grow larger and more valuable while remaining privately held, creating enormous pent-up demand for liquidity from their stakeholders. 3SPOKE addresses this need by providing structured liquidity solutions for this dynamic ecosystem.

    3SPOKE provides shareholders, venture funds, and their investors with highly flexible capital, allowing them to continue to participate in future growth without locking in current market discounts, taxes, or a change in control.

    3SPOKE offers investors risk-mitigated access to the most successful private companies, while taking growth rather than concept risk.

    3SPOKE’s focus is to provide an alternative to the direct secondary sale of late-stage venture assets among employees at venture-backed firms, as well as across the entire portfolio of interests with limited and general partners. The common denominator for 3SPOKE is counterparties in need of liquidity who would prefer to leverage their strong assets and retain upside, rather than sell into the secondary market at potentially large discounts.

    3Spoke Website/Bio
    https://www.3spokecapital.com/

    Ian Lesegang's LinkedIn Profile
    linkedin.com/in/ian-leisegang-3spoke

    Podcast Disclaimer

    This podcast is produced and hosted by Andres Sandate, and is the property of Endurance Strategies, LLC.

    Andres Sandate is a Financial Advisor with Gramercy Park Wealth Advisors, LLC, and a Registered Representative of GPWA, LLC, a member of FINRA / SIPC.

    Andres Sandate is the Founder and CEO of EnduranceX. EnduranceX is a marketplace for RIAs, Family Offices, and other Accredited Investors, and Institutions to transact in private markets and alternative investments. Learn more at www.EnduranceX.io.

    Guests of the Asset Backed and ATLalts podcasts may have a commercial relationship with Endurance Strategies, LLC, EnduranceX, and GPWA, LLC.

    Gramercy Park Wealth Advisors, LLC and GPWA, LLC are not responsible for the content of this podcast and do not offer investment, legal, or tax advice, nor do they recommend or endorse any securities, products, or strategies discussed.

    No part of this podcast may be published, reproduced, transmitted, or rebroadcast in any media or any form without the express written permission of Endurance Strategies, LLC.

    This podcast does not constitute an offer to sell or a solicitation of an offer to buy any fund interests, securities, or other financial instruments, nor does it constitute a solicitation on behalf of Endurance Strategies, LLC, its affiliates, or any third-party investment managers, their affiliates, products, or strategies. Any such offer or solicitation may only be made pursuant to the delivery of formal offering documents.

    Endurance Strategies, LLC has no obligation to update or revise any information contained herein. The company makes no representations or warranties as to the accuracy or completeness of the information, and this podcast should not be relied upon as the basis for investment decisions or for any other purpose.

    This material may be protected by copyright. © Endurance Strategies, LLC. All rights reserved.
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    57 分
  • Unlocking the Secrets of Specialty Finance with Coromandel Capital's Co-Founder and Managing Partner, Rob McGregor

    Unlocking the Secrets of Specialty Finance with Coromandel Capital's Co-Founder and Managing Partner, Rob McGregor
    2025/10/24
    Launched in 2019, Coromandel Capital offers flexible, non-dilutive, growth-oriented asset-based lending solutions to businesses in specialty finance, fintech, and technology-enabled sectors that generate predictable, recurring revenue. As one of the few non-bank lenders specializing in small-ticket debt capital solutions, Coromandel Capital and similar entities—willing to provide financings below $20 million—are vital players for capital-intensive specialty lenders. The firm's financings typically range from $5 million to $50 million and have a three-year term.Co-Founder and Managing Partner Rob McGregor and I engaged in discussions on a variety of topics, including:- The role of debt financing in empowering startups and other early-stage and growing companies, particularly in relation to venture capital funding.- The risks associated with double pledging assets, including explanations thereof, especially in light of the recent collapse of First Brands.- The utilization of debt as a strategic tool for business growth.- The hidden costs related to venture debt.- The untapped potential inherent in the specialty finance sector.- The significance of diligent monitoring within lending relationships.- Strategies for growing as a private lender while safeguarding and maintaining capital.- Navigating the crowded and competitive private, non-bank lending industry to establish enduring relationships with borrowers and investors.Among the characteristics Coromandel seeks in ideal borrower partners are:- Balance-sheet intensive businesses (those originating or acquiring assets, tangible or intangible) that would otherwise finance these assets through equity.- Companies that have raised equity from Seed to Series B (or similar stages within their lifecycle), possess adequate capitalization to support operational expenses and maintain sufficient 'runway,' with a portion of this equity potentially serving as a contribution (also known as "haircut capital," "first loss capital," or "overcollateralization") for Coromandel's credit facility.- Subject matter experts and/or executives who are trailblazers with deep industry roots, a robust track record, and a validated business model.- Companies operating within sizable markets and differentiating themselves through cost-effective customer acquisition strategies, as well as firms that have identified an untapped or "greenfield" opportunity to address underserved or unserved markets.“Thank you for joining the Asset Backed podcast. To catch all the latest content, subscribe today and follow Endurance Strategies and Andres Sandate on LinkedIn, the Asset Backed YouTube Channel, and find our sister show, ATLalts, anywhere you listen to your podcasts. This audio represents Endurance Strategies' intellectual property.Podcast DisclaimerThis podcast is produced and hosted by Andres Sandate, and is the property of Endurance Strategies, LLC. Andres Sandate is a Financial Advisor with Gramercy Park Wealth Advisors, LLC, and a Registered Representative of GPWA, LLC, a member of FINRA/SIPC. Gramercy Park Wealth Advisors, LLC and GPWA, LLC are not responsible for the content of this podcast and do not offer investment, legal, or tax advice, nor do they recommend or endorse any securities, products, or strategies discussed.No part of this podcast may be published, reproduced, transmitted, or rebroadcast in any media or any form without the express written permission of Endurance Strategies, LLC.This podcast does not constitute an offer to sell or a solicitation of an offer to buy any fund interests, securities, or other financial instruments, nor does it constitute a solicitation on behalf of Endurance Strategies, LLC, its affiliates, or any third-party investment managers, their affiliates, products, or strategies. Any such offer or solicitation may only be made pursuant to the delivery of formal offering documents.Endurance Strategies, LLC has no obligation to update or revise any information contained herein. The company makes no representations or warranties as to the accuracy or completeness of the information, and this podcast should not be relied upon as the basis for investment decisions or for any other purpose.This material may be protected by copyright. © Endurance Strategies, LLC. All rights reserved.
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    1 時間 20 分
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