Victoria Lakers

Here's an opportunity: Come be COO for USWM at AlTi Global!! Not "pure impact" but if you believe (as I do) that all capital and all companies create impact, hunker down to go where the capital is and engage folks in the pew, not in the choir regarding how impact is central to their lives--regardless of the language they might use to describe it! (Did someone say Purpose?). In any event, if you have the skill set, passion and drive, give it a look! https://lnkd.in/edStbeXr I'm overseas so if the display/link is off, go to AlTi Tiedemann Global and look for COO US Wealth Management... :)

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We talk a lot about fiduciary duty for organizations, but what are we doing to support the financial health and wellness of nonprofit employees? Please read this piece... It's an issue that needs to be addressed across the sector.

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Don't miss these great reads in the latest Fortnightly. Ted Seides on the new Yale emerging manager program. Mark Steed and Ashby Monk on creating a decision-friendly environment. Michael Mauboussin on moats. Plus, a fascinating paper on gender and analyst reports, a questionable assertion about fiduciary duty, rewiring the corporate financing machine, the PE liquidity squeeze, and more interesting topics. https://lnkd.in/dkJggBWz

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An interesting view of the state of non-profits in 2024 by the Centre for Effective Philanthropy: 1) Leadership burnout 2) Budgets - what to do with surpluses? 3) Growing funder commitments in grant practices As an industry - we need to do better! https://lnkd.in/g_C-zJq5

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Delivering a great client experience and helping every client experience greater success and fulfillment - that is what excites me! It is a commitment we made over 20 years ago when we founded CAP STRAT. Don't miss the 2-min video my co-founder and business partner Nancy Rizzuto shared below - to hear from me and my colleagues! And please reach out for a conversation if you'd like to learn more. #mindset #accountability #grit #holisticsupport

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ASKING FOR A FRIEND: Does anyone have examples of how corporate foundations of private companies have navigated as the company has been acquired and/or merged into another entity? My contact would like to ensure that in any given scenario, community support (that they have delivered to date in the form of grants) will continue. Spin off into an independent 501c3? Somehow negotiate with the buyer to continue as part of the new entity? Other examples or ideas? PLEASE SHARE!

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Regulators think they are doing good. The outcome, however, is generally the opposite of the intent. The 3.48 hours per resident day staffing rule has just been finalized for nursing homes. This will have the effect of shutting down single-entity non-profits captained by local or religiously affiliated boards who do not have the resources and also rural communities (who will use the exemption until it burns off). As such, there will be less supply of care while the demand for it is only increasing which will probably put a higher burden on emergency care sourced at acute care hospitals. https://lnkd.in/eA5TxQDU

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🔋 #TodayinVC - All of the biggest deal announcements in venture capital - July 9th, 2024. Sourced from Litquidity's Exec Sum. 💰 Fundraising Announcements: - HarmonyCares, a provider of value-based in-home longitudinal care, raised a $200M round led by General Catalyst, McKesson Ventures, and a national payor (FN) - Gymdesk, a member management SaaS for fitness/wellness firms, raised a $32.5M growth investment from Five Elms Capital (PRN) - Polystyvert, a recycling startup focused on styrenic plastics, raised a $16M Series B led by Infinity Recycling (PRN) - Database startup Tembo raised a $14M round led by GreatPoint Ventures (TC) - Eneida, Lda, a Portuguese deep grid operational analytics platform, raised a $11.4M Series B led by Junction Growth Investors (FN) - Niva, a global business identity platform, raised a $3.3M seed round led by Gradient Ventures (BW) - GoJoe, a gamified employee health and fitness app, raised a $3M seed round led by Venrex and Redrice Ventures (EU) Congrats to all - what #startups do you have your eyes on? 👀 Follow @Today in VC for daily #venturecapital news! 📆

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Charles Hudson is hands-down one of the sharpest minds in early-stage investing. As the Founder and Managing Partner at Precursor Ventures, Charles has backed over 375 companies and supported more than 400 founders. → His portfolio includes hits like Clearco, Juniper Square, and Carrot → He's helped founders raise over $175 million across four funds → He's an active leader in the VC community, serving as the 2023-2024 Chair of the NVCA Board of Directors But even with all of his successes and accolades, what really sets Charles apart is his founder-first philosophy. He's not looking for "coachable" founders who hang on his every word. He wants founders who are decisive, independent thinkers. He believes his job is to give founders what they need, not impose his own agenda. Charles is the kind of investor every founder wants in their corner. One who shows up, follows through, and builds genuine relationships over time. And on this week’s episode of Minimum Viable Podcast, he's sharing his insights on what makes for a truly productive founder-investor partnership. Founders, this is a conversation you’ll want to hear. — What's the #1 quality you look for in an investor? Tune in to the full episode when it drops this Wednesday to hear much more from Charles and learn how to make the most of your investor relationships.

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This article aims to shed light on the critical aspects of fee transparency so plan sponsors can best help the plan but also relay relevant details to participants. https://ow.ly/XnbQ50RspwI

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Why does Employee Ownership work? Ellen Frank-Miller, PhD's recent Op-Ed at ImpactAlpha sums up the Employee Ownership "playbook" perfectly. And now that the top-secret EO "playbook" is out there, I might as well amplify Ellen's prescription for all to see: - Award meaningful ownership stakes to employees; - Transform operational practices to give employees more control over decisions that affect them and more autonomy to do their jobs the best way they know how; - Upskill frontline supervisors to help them manage their teams collaboratively and shed the command-and-control style that’s so counterproductive to achieving shared goals; - Activate the above-and-beyond employee behaviors that power better financial results; and - Enjoy superior returns for investors, wealth-building for employees, and all the community benefits that come from healthier businesses, workers, and families. Employee Ownership is nothing more but nothing less. This is the "playbook" that we are following at Southeast Acquisition Capital, along with a select few emerging and established managers, with surely many more to come. -- At its most basic level, employee equity is just a deal term or a part of an HR benefits package. True Employee Ownership happens when equity is paired with fundamental changes in the way that employee owners perceive their relationship to their employers (developing "organizational identification"), as well as changes to their actual work output (through a "social exchange obligation"). Or in non-academic terms, we refer to this simply as "employee owners thinking, acting, and feeling like owners." I've always said that I can't wait for the day that Southeast Acquisition Capital loses a deal to another firm pursuing Employee Ownership buyouts, because from then on we can just call them "buyouts", and Employee Ownership -- both the equity piece and the quality jobs piece -- will have truly become "market" and many more millions of employee owners will be better off for it. Thanks for the shout out, Ellen Frank-Miller, PhD, and I look forward to working more with the Ownership Impact Index by WORC (Workforce & Organizational Research Center)! Apis & Heritage Capital Partners KKR Ownership Works Mosaic Capital Partners Teamshares American Working Capital, LLC Verit Advisors https://lnkd.in/eremKFj5

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Here's a great research piece by WORC (Workforce & Organizational Research Center) and the Ford Foundation on the importance of human capital development in unlocking value in private equity. The team's findings are that some of the best private equity firms in the world only occasionally look beyond the C-suite in developing a comprehensive human capital strategy. Part of the challenge is attributable to the organizational structure of private equity. Deal teams primarily comprise financial and operational experts. One respondent candidly shared the view that human capital is "messy". Having spent most of my career as an investor, I understand what they meant. However, in this brave new world, where capital is plenty and talent scarce, human capital is increasingly the key lever for value creation. This requires PE firms to expand the scope of human capital strategies beyond simply recruiting the right executive leadership. It also struck me that these firms -- some of the largest and most sophisticated in the industry -- are taking a principally reactionary approach to broad-based human capital strategies. They often reference high turnover as a signal that there is a human capital problem as opposed to something they proactively manage. Of course, we at Southeast Acquisition Capital believe that employee ownership (the easy part) combined with a true culture of ownership (the hard part) can have a material impact on recruitment, retention, engagement, and ultimately value creation. Aligning incentives across an organization -- from the C-Suite to the front lines -- works for public companies, large-cap private equity, small-cap private equity, the corner store, and everything in between. Great work, Ellen Frank-Miller, PhD! Thanks for teeing up a conversation that is just getting started! #PE #JobQuality #FrontlineWorkers #ValueCreation #WORCAction #EmployeeOwnership #ESOP

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Everyone I speak with in the solutions industry agrees that the current solutions evaluation and search approach is sub-optimal. My partner Ravi Venkataraman, CFA is leading Chestnut's work toward a holistic investment solutions evaluation framework that will better serve investors and all industry participants. Ravi gives a good overview of our new framework in the clip below, and there are tons of great stories and details in the full podcast (replay link in the post below). #investmentsolutions #OCIO #assetmanagement #institutionalinvestors #investmentconsultants #wealthsolutions

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While advice, planning, and discipline are the most important ingredients for a successful investment experience, the tools that are used are also very important. 

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🚀 Excited to share our latest video! 🚀 In this new release, Eddie Clay, Growthink’s Director of Investment Banking and Buyside Practice Lead, dives deep into our approach to M&A and fundraising. Eddie discusses how our team supports businesses through strategic planning, capital raising, and executing successful transactions, with a special focus on the buyside. If you’re looking to explore M&A opportunities, seek buyside advisory services, or drive business growth, this video is a must-watch! 📽️ Watch the full video here: https://lnkd.in/gURBd5bK We’d love your support—please like, comment, and share this post to help us reach more businesses and professionals who could benefit from our expertise! #Growthink #InvestmentBanking #Buyside #MandA #Fundraising #BusinessGrowth #EddieClay #ClientSuccess #BusinessStrategy

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🚀 Excited to share our latest video! 🚀 In this new release, Eddie Clay, Growthink’s Director of Investment Banking and Buyside Practice Lead, dives deep into our approach to M&A and fundraising. Eddie discusses how our team supports businesses through strategic planning, capital raising, and executing successful transactions, with a special focus on the buyside. If you’re looking to explore M&A opportunities, seek buyside advisory services, or drive business growth, this video is a must-watch! 📽️ Watch the full video here: https://lnkd.in/gURBd5bK We’d love your support—please like, comment, and share this post to help us reach more businesses and professionals who could benefit from our expertise! #Growthink #InvestmentBanking #Buyside #MandA #Fundraising #BusinessGrowth #EddieClay #ClientSuccess #BusinessStrategy

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🌎💡 Riverwater Partners' Q3 2024 Small-Cap Strategies Webinar is next week! Join us for an update on our Small Cap Strategies and explore how our holdings are harnessing AI to drive growth while balancing energy demands and environmental impact. 🌎💡 Join us to: 📈 Review Q3 2024 small-cap performance and learn how Riverwater is positioning for future growth. 🚀 Discover our newly available Riverwater Small Cap Strategy. 🔋 Gain insights into the evolving nuclear energy space. 🌐 See how our portfolio companies naturally enable AI and green energy transitions. Save your spot for insights on innovative, responsible investing in small caps! Link to registration in comments below ⬇️⬇️ #ESGInvesting #SmallCapStrategies #SustainableInvesting #GreenEnergy #AI #Webinar #InvestmentUpdates #RiverwaterPartners

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