II Communities on Alternative Investments
In Partnership
with:
Finding Extra
Yield Potential in
Real Estate
Mezzanine Debt
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Alternative Angles Podcast
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Your go-to source for the latest alternative investment insights from Fidelity. Hear from leading portfolio managers and researchers as they discuss current market trends.
EPISODE 1
Direct Lending: Capitalizing on middle market credit
EPISODE 1 Direct lending: Capitalizing on middle market credit
PREVIOUS EPISODES
In this first episode of Alternative Angles, Chris Pariseault, CFA, Head of Institutional Portfolio Managers at Fidelity Investments, leads a conversation on the importance of culture in successful direct lending partnerships, especially in the middle market. His guests are David Gaito, Fidelity's Head of Direct Lending, and Ariel Goldblatt, Partner at StepStone Group.
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EPISODE 2
Pattern Breaking (and following) in Venture Capital
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EPISODE 3
Diving Into High Yield Private Real Estate Lending
More Investment Insights
Institutional insights, investing ideas, and market research on alternative investing.
4 Liquidity Risk Management
Principles for Endowments and Foundations
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Active Asset
Allocation for Endowments and Foundations
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What Endowments
and Foundations
Should Know about Investing in Private Assets
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Tailoring Strategies
for Nonprofits: Research, Resiliency, and OCIOs
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3 Investing Considerations for Endowments and Foundations Today
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Alternative Angles episode 2 features a conversation highlighting the differences — and similarities — between pattern breakers and pattern followers in venture capital investments. Chris Pariseault, head of institutional portfolio managers at Fidelity, hosts Karin Fronczke, global head of private equity at Fidelity and Mike Maples, co-founding partner at Floodgate and
author of Pattern Breakers.
EPISODE 2 Pattern Breaking (and following) in Venture Capital
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In this latest episode of Alternative Angles, host Steve Rosen, a former Fidelity portfolio manager in Fidelity’s High Income & Alternative Investing division connects with Bill Maclay, a senior portfolio manager and key business builder of Fidelity’s high yield real estate debt investing platform. Listen in as Steve and Bill, who co-managed portfolios and worked closely for more than two decades, dive into high yield and private real estate lending, including:
EPISODE 3 Diving Into High Yield Private Real Estate Lending
Why and How
Nonprofit Investment Committees May
Benefit from an OCIO Partnership
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Considerations
Around Fossil Fuel Divestment for Endowments and Foundations
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Unlocking
OCIO Value for
Endowments and Foundations
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Managed futures use a trend-following framework to observe the path and detect changes in the direction of financial assets. In this episode of Alternative Angles, Fidelity Portfolio Manager Roberto (Rob) Croce joins host Steve Rosen to discuss how models are built and used to spot the price path persistence of a security—a stock, bond, currency, or commodity—and how the directional price drift is ridden until the model indicates its trajectory has been disrupted.
EPISODE 9 Managed Futures: Systematically Following the Trend Until it Bends
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EPISODE 4
Deconstructing Convertible Bond Arbitrage
How Endowments
and Foundations Can
Align Investment Portfolios With Their Missions
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Market Volatility
May Boost Distressed Credit Opportunities
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Finding, Applying for, and Winning Grant Funding: Tips for Nonprofits
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EPISODE 5
Exploring Options and Options-based Investing Strategies
4 Tools for
Highly Funded
Defined Benefit
Plans to Manage Risk
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Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy
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Corporate Defined Benefit Plans Did Better than You Might Think During Recent Volatility
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EPISODE 6
Opportunistic and Distressed Debt Investing: The Strategies,
Stories, and Intricacies
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EPISODE 8
Capturing Alpha: A Bridge Between Quantitative and Fundamental Disciplines
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EPISODE 7
Uncovering Opportunities in Direct Real Estate
Unsustainable Debt: Is There a Path for Policymakers and Institutional Investors?
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EPISODE 5
Exploring Options and Options-based Investing Strategies
Disclosure
This podcast series is part of a collaboration between Institutional Investor and Fidelity Investments. Fidelity Investments and Institutional Investor are not affiliated. Third parties mentioned are independent entities and not affiliated with Fidelity Investments or Institutional Investor.
Information presented herein is for discussion and illustrative purposes only and is not a recommendation or an offer or a solicitation to buy or sell any securities. Views expressed are as of November 2025, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the speakers and not necessarily those of Fidelity Investments or its affiliates. Fidelity does not assume any duty to update any of the information.
The Apple logo is a trademark of Apple, Inc., registered in the U.S. and other countries.
The Chartered Financial Analyst (CFA®) designation is offered by the CFA Institute. To obtain the CFA charter, candidates must pass three exams demonstrating their competence, integrity, and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and security analysis, and must also have at least 4,000 hours of qualifying work experience completed in a minimum of 36 months, among other requirements. CFA is a trademark owned by CFA Institute.
Past performance is no guarantee of future results.
This information is intended for the sole use of institutional investors. Retail investors and any other persons who are not institutional investors should not act or rely on this information.
Unless otherwise expressly disclosed to you in writing, the information provided in this material is for educational purposes only. Any viewpoints expressed by Fidelity are not intended to be used as a primary basis for your investment decisions and are based on facts and circumstances at the point in time they are made and are not particular to you. Accordingly, nothing in this material constitutes impartial investment advice or advice in a fiduciary capacity, as defined or under the Employee Retirement Income Security Act of 1974 or the Internal Revenue Code of 1986, both as amended. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in this material because they have a financial interest in the products or services and may receive compensation, directly or indirectly, in connection with the management, distribution, and/or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services. Before making any investment decisions, you should take into account all of the particular facts and circumstances of your or your client’s individual situation and reach out to an investment professional, if applicable.
Alternative investments are investment products other than the traditional investments of stocks, bonds, mutual funds, or ETFs. Examples of alternative investments are limited partnerships, limited liability companies, hedge funds, private equity, private debt, commodities, real estate, and promissory notes. Some of the risks associated with alternative investments are: Alternative investments maybe relatively illiquid. It may be difficult to determine the current market value of the asset. There may be limited historical risk and return data. A high degree of investment analysis may be required before buying. Costs of purchase and sale may be relatively high.
Fidelity Investments® provides investment products through Fidelity Distributors Company LLC; clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC (Members NYSE, SIPC); and institutional advisory services through Fidelity Institutional Wealth Adviser LLC.
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