Private Markets in Retirement Portfolios with Jay Wyckoff (Ep. 34)
What if the smartest investors aren’t just picking the right stocks, but accessing an entirely different part of the investing universe?
Most people have never heard of private markets, but they might be the missing ingredient in a truly resilient retirement plan.
In this episode, Brett Ramsey sits down with Jay Wyckoff of Blue Owl Capital to explore how private market investments can strengthen retirement portfolios by offering alternative sources of income, reduced volatility, and access to a broader range of companies and opportunities.
Jay discusses:
- How private markets differ from public markets and why they are becoming essential in portfolio construction
- The three primary areas of private markets: private equity, real estate (including triple net lease structures), and private credit (like direct lending)
- How liquidity works in private investments, including quarterly redemption structures and semi-liquid investment vehicles
- The role of private investments in creating consistent income and reducing risk for retirees
- And more!
Connect with Brett Ramsey:
Connect with Jay Wyckoff:
About our Guest:
Jay Wyckoff is a Managing Director at Blue Owl and member of the Private Wealth Team. In his role, Jay leads a team focused on the Regional & Independent channel and is tasked to drive our continued success with this integral client segment as increased adoption with regional and independent advisors is among the largest of growth opportunities for Blue Owl.
Before joining Blue Owl, Jay had a long and successful career at BlackRock. Most recently, he was the National Sales Manager for their Specialist Sales Teams, inclusive of Alternatives and ETF focused professionals. Prior to his National Sales Manager responsibilities, Jay was a Divisional Director and a top-producing Market Leader with experience covering both coasts, and all segments in the wealth ecosystem. He was BlackRock’s inaugural hire as they built out their R&I capabilities and is very excited to be back focusing on this group. His entire career has been committed to intermediary distribution.
Jay is based in our NYC office. He is a graduate of James Madison University with a BBA in Finance.
Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses. Hedge funds and other private investment funds (collectively, “Alternative Investments”) are subject to less regulation than other types of pooled investment vehicles such as mutual funds. Alternative Investments may impose significant fees, including incentive fees that are based upon a percentage of the realized and unrealized gains and an individual’s net returns may differ significantly from actual returns. Such fees may offset all or a significant portion of such Alternative Investment’s trading profits. Alternative Investments are not required to provide periodic pricing or valuation information. Investors may have limited rights with respect to their investments, including limited voting rights and participation in the management of such Alternative Investments. Alternative Investments often engage in leverage and other investment practices that are extremely speculative and involve a high degree of risk. Such practices may increase the volatility of performance and the risk of investment loss, including the loss of the entire amount that is invested. There may be conflicts of interest relating to the Alternative Investment and its service providers. Similarly, interests in an Alternative Investment are highly illiquid and generally are not transferable without the consent of the sponsor, and applicable securities and tax laws will limit transfers. Private credit is non-publicly traded debt instruments created by non-bank entities, such as private credit funds or business development companies (BDCs), to fund private businesses.
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