Mike Kelly – Democratizing Access to the Middle Market at Future Standard (EP.473)

In this episode of Capital Allocators, Ted Seides interviews Mike Kelly, Co-President and Chief Investment Officer of Future Standard, about his career in alternative asset management, from his early days in hedge funds to building alternative asset businesses focused on private middle market strategies for The Wealth Channel. They discuss Kelly's experiences at Salomon Brothers, Tiger Management, and Frontpoint Partners, as well as the evolution of Franklin Square into Future Standard, a $90 billion alternative asset manager. Kelly shares insights on incentives, leadership, culture, performance expectations, and the increasing democratization of alternatives, including the shift from institutional to individual wealth channels and the opportunities and risks associated with the growing interest in private equity and credit. The conversation also explores the importance of education and managing expectations for investors in these markets.