Episode Details

Welcome to the Allocate Podcast, an interview and educational series designed to help investors better understand and navigate alternative investments. Join us for conversations with leading founders, fund managers, and institutional allocators as we explore key trends and insights shaping the private markets.

In this episode, Allocate Co-Founder, President, and CEO Samir Kaji speaks with Vivek Jindal, Chief Investment Officer at Caprock. Their conversation provides a thoughtful look at the evolving landscape of alternative investments and modern portfolio construction. Drawing from his experience from Corbin Capital to Blackstone, Vivek shares perspectives on the value of personalized strategies that move beyond the traditional 60/40 framework.

Topics include diversification by sector and vintage, thoughtful manager selection in private equity and venture capital, and the increasing relevance of semi-liquid structures. They also discuss co-investment opportunities and how artificial intelligence is beginning to influence wealth management—all within the broader context of aligning investments with client-specific objectives and risk considerations.

Bio of Guest

Vivek Jindal joined Caprock in June 2025 as Chief Investment Officer, bringing over 20 years of investment experience spanning family offices, asset managers, and philanthropic entities. He previously served as CIO at KORE Private Wealth (now part of Corient/CI Financial) and helped lead investment programs for the Charles and Lynn Schusterman Family Foundations. He also held roles with Blackstone Alternative Asset Management and Corbin Capital Partners, and began his career in valuation at Ernst & Young. At Caprock, Jindal now leads investment platform strategy, portfolio construction, and manager selection across public and private markets, with a focus on impact and non-impact opportunities.

Caprock is a multi-family office founded in 2005 that serves ultra-high-net-worth families, advising on over $13 billion in assets across public and private markets. Known for its endowment-style investment approach and emphasis on private markets, Caprock provides outsourced CIO and CFO services, with over $4 billion allocated to private equity, venture capital, and real assets. The firm is a pioneer in impact investing, offering proprietary tools to track over 100 impact metrics and helping clients align their portfolios with their values.

Topics in this conversation include:

* Vivek’s Background and Career Journey (1:30)

* Caprock’s Investment Philosophy (6:30)

* Building Tailored Alternative Portfolios (8:40)

* Open-Ended vs. Drawdown Fund Structures (10:36)

* Role of Semi-Liquid Funds for Different Investors (14:46)

* Asset Class Mix within Alternatives (16:55)

* Benchmarking and Return Expectations in Private Equity (20:46)

* Co-Investments: Execution and Curation (23:01)

* Venture Capital: Unique Challenges and Approach (25:32)

* Diligence and Access in Venture Capital (29:52)

* Building a Diversified Venture Portfolio (33:45)

* Barriers to Systematic Alternative Allocations (37:30)

* The Impact of AI on Wealth Management (40:19)

* Final Thoughts and Takeaways (43:43)

Disclosure

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Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events o