E287: What Separates Top Decile Managers from Everyone Else

The discussion centers on building and scaling successful firms in the alternative investment space, particularly the challenges faced by emerging managers. Chris Brimsek shares insights from his experience working with David Rubenstein at Carlyle, emphasizing the importance of intellectual curiosity and forgiving leadership. He highlights how creating a culture where junior personnel feel comfortable speaking up requires consistent signaling and genuine interest in their perspectives. The conversation explores talent attraction and retention, arguing that non-economic factors like culture and fulfillment often outweigh financial incentives. Brimsek also addresses the role of GP stakes in the market, the skepticism surrounding them, and the evolving value-add they provide, as well as the critical importance of succession planning.