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Artwork for Investors & Operators

Investors & Operators

51 Labs
Private Equity
51 Labs
Independent Sponsor
Novastone Partners
Lower Middle Market
Independent Sponsors
Annual Meetings
Soundcore Capital Partners
Waste Eliminator
Search Funds
51 Vets
Agellus Capital
Operator Equity
Prodos Capital
Pacific Avenue Capital Partners
Broadwing Capital
Acharya Capital Partners
Rotunda Capital Partners
Fundraising
Bluwave

The M&A market can be boring, but everyone has a story. The Investors & Operators podcast is about discovering the stories people were holding back, didn’t know how to tell, or forgot about. The goal is simple: fresh, authentic storytelling to bring people together in the M&A community. With over 1M organic views and counting on LinkedIn, 51 Labs is disrupting the M&A market through the use of vid... more

PublishesMonthlyEpisodes152Founded6 years ago
Number of ListenersCategories
BusinessEntrepreneurshipInvesting

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Artwork for Investors & Operators

Latest Episodes

Alex Russ is the Head of Americas for Evercore’s Private Funds Group. He advises PE sponsors on fundraising strategy, LP positioning, and market navigation, with a focus on helping managers differentiate themselves in an increasingly competitive capi... more

Andrew Nelson is Chief of Staff to the CEO at Waste Eliminator, where he helps drive strategic initiatives, operational execution, and growth across the company’s expanding footprint in the Southeast. Before entering the private sector, Andrew spent ... more

Mike Silva is an Investment Manager at CalPERS, where he has spent more than a decade leading the institution’s Emerging Manager Program across private equity, private debt, and real estate. He focuses on sourcing, evaluating, and advocating for emer... more

Topics:

• Why Fewer, Better Theses Win

• Integration Lessons from 100+ Acquisitions

• What LPs Look for in the First Meeting

• How to Win Trust in Controlled Deals

...and so much more.

Top Takeaways

• Avoid overpaying, overlevering, and overconce... more

Key Facts

Accepts Guests
Accepts Sponsors
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Podcast Host
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Recent Guests

Alex Russ
Head of North America, Evercore Private Funds Group
Evercore Private Funds Group
Episode: Ep. 152: Alex Russ, Head of Americas & Hilary LaBrash, Managing Director, Evercore PFG
Hilary LaBrash
Managing Director, Evercore Private Funds Group
Evercore Private Funds Group
Episode: Ep. 152: Alex Russ, Head of Americas & Hilary LaBrash, Managing Director, Evercore PFG
Andrew Nelson
Chief of Staff to the CEO at Waste Eliminator
Waste Eliminator (Allied Industrial Partners)
Episode: Ep. 151: Andrew Nelson, Chief of Staff to the CEO at Waste Eliminator
Mike Silva
Investment Manager, CalPERS and head of the Emerging Manager Program
CalPERS
Episode: Ep. 150: Miguel Silva, Investment Manager, CalPERS
Jarrett Turner
Founder and Managing Partner, Soundcore Capital Partners
Soundcore Capital Partners
Episode: Ep. 149: Jarrett Turner, Founder & Managing Partner at Soundcore Capital Partners
Chris Nikic
First IRONMAN athlete with Down syndrome, public speaker, author, ambassador for Special Olympics
Athlete and Advocate
Episode: Ep. 148: Chris Nikic, First IRONMAN Athlete with Down Syndrome
Brian Bank
Strategy and Client Relations, Investment Funds Group at Kirkland & Ellis
Kirkland & Ellis
Episode: Ep. 147: Brian Bank, PE Strategy, IR & BD Executive at Kirkland & Ellis
Liz Weindruch
Managing Director, Barings on the diversified alternative equity team
Barings
Episode: Ep. 146: Liz Weindruch, Managing Director at Barings
Matt Salisbury
Founder at EVP Strategic Advisors, former Edgeview Partners and BlackArch advisor
EVP Strategic Advisors
Episode: Ep. 145: Matt Salisbury, Founder at EVP Strategic Advisors

Host

Jordan
Host of Investors & Operators

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Ep. 136: Justin Smith, Managing Director at Agellus Capital
Q: When is the right time for a company to start doing acquisitions in this space?
When the market is favorable for both platform and add-on pricing, and the company has scalable systems, a repeatable go-to-market, standardized contracts, and solid operations to absorb acquisitions without disrupting customers.
Ep. 137: Maxwell Taylor, Managing Director at Novastone Partners
Q: What are typical deal sizes and market sectors you target?
Deals generally range from roughly 2.5 to 7 million EBITDA, translating to enterprise values of about 15 to 40 million, with the sweet spot under 50 million. Sectors are diverse but favor traditional lower middle-market opportunities where professionalization and succession are critical.
Ep. 137: Maxwell Taylor, Managing Director at Novastone Partners
Q: What does the accelerator-like process look like for an operator candidate joining Novastone?
Candidates go through a three-to-four month intake where they develop a thesis in their space, understand the low-hanging fruit opportunities, and learn how to frame their value proposition. They then engage with a dedicated cross-functional team to refine their approach, build messaging, and prepare for diligence, with ongoing mentorship and back-office support to scale from search to acquisition.
Ep. 137: Maxwell Taylor, Managing Director at Novastone Partners
Q: How does the equity and ownership structure work from investment to exit, and how does it compare to traditional search funds?
At investment, operators receive up to 10% equity with potential to reach 20% based on IRR milestones. The structure ensures owners feel like true owners from day one and have upside if targets are met, while providing substantial support from Novastone's team. This contrasts with typical search funds where equity can be higher but the total equity pie is smaller and may come with less operational support.
Ep. 137: Maxwell Taylor, Managing Director at Novastone Partners
Q: Walk me through the typical persona of the operator that you're backing, their stage in life and career, and why this model is attractive to them.
The operators are typically mid-career, about 40s to mid-50s, with 20+ years in a specific industry and prior CEO or senior leadership experience who may not have had ownership levels they desired. The model is attractive because it offers real equity upside while leveraging their existing industry depth, enabling a transition from pure operating roles to ownership with strong support and governance.

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Frequently Asked Questions About Investors & Operators

What is Investors & Operators about and what kind of topics does it cover?

This show centers on authentic storytelling within the M&A and private markets space, featuring guests who are operators, investors, founders, and deal-makers. Across episodes, conversations skew toward fundraising, deal origination, portfolio value creation, and practical operating playbooks for lower- and middle-market firms. A standout pattern is the emphasis on disciplined processes, candid leadership insights, and real-world lessons from independent sponsors, public pension perspectives, and boutique investment firms. Listeners likely include finance professionals, PE practitioners, and operators seeking actionable strategies, industry myths busted, and examples of how to build scalable platforms in a competitive market. Noteworthy tra... more

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Investors & Operators launched 6 years ago and published 152 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Investors & Operators?

Recent guests on Investors & Operators include:

1. Alex Russ
2. Hilary LaBrash
3. Andrew Nelson
4. Mike Silva
5. Jarrett Turner
6. Chris Nikic
7. Brian Bank
8. Liz Weindruch

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