The Re-Up

The Re-Up

A podcast about the business of raising and allocating capital in private markets. In private markets, a re-up is the decision to recommit — the ultimate signal of trust. Hosted by Katie Fasken of August Advisors.

Episodes

September 29, 2026 • 46 mins

Brian Kosoy is Managing Principal and Chief Executive Officer of Sterling Organization, which he co-founded in 2007 — a vertically integrated retail real estate firm, and one of the 10 largest private owners of shopping centres in the United States.

He started the firm directly into the financial crisis and spent the following fifteen years in a sector institutional capital was abandoning. Sterling now owns more than 80 centre...

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Chris Smith is the founder and CEO of Ohana Real Estate Investors, an investment firm dedicated to the hospitality and residential sectors, where he has invested more than $4B since inception.

He started the firm in 2009 around a contrarian idea: that the operational complexity of higher-end hotels is not a risk to avoid but the opportunity itself.

Katie and Chris talk about why he treats hospitality as real estate first with an oper...

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David Wong is Group Chief Investment Officer of CIBC Global Asset Management, where he leads the investment team across Canada and the US for over $398B in assets. As head of Total Investment Solutions, he also oversees more than $100B in managed solutions.

He has more than 27 years of experience, beginning as a research analyst at Russell Investments.

Katie and David talk about where private markets fit inside a bank-owned platform,...

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Anastasia Elia is Managing Director and Head of Private Equity at IMCO — the Investment Management Corporation of Ontario — where she leads the team running its roughly $10B private equity program.

When she joined in 2021, IMCO had inherited a small, fragmented portfolio. Ana and the team built it, largely from scratch, into a multi-client program of that scale in about five years.

Katie and Anastasia talk about pacing de...

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Elizabeth Bell is Co-Head of Real Estate at Hamilton Lane, where she helps run a $114B real estate program and invests $2.5–3B a year across funds, secondaries, and co-investments.

She has spent about 20 years in real estate private equity, much of it on the GP side before moving to the allocator's seat.

Katie and Elizabeth talk about why institutional investors see today's reset as a chance to buy, the sectors leading and lagg...

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Tom Kapsimalis is Managing Director and Head of Secondaries at CPP Investments, where he leads the team that buys and sells private equity stakes and continuation vehicles, deploying roughly $3–5B a year.

He has worked in secondaries since the market traded barely $10B a year; in 2025 it cleared $220B, and he has been part of that rise from the start.

Katie and Tom talk about how CPP decides where it has a real right to win, wh...

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Jack Glover is the Founder and Managing Partner of Incline Equity Partners, a Pittsburgh-based private equity firm in the middle market, with a flagship fund just under $2B.

He has been investing for more than 30 years — and many of the investors who first backed him are still with him today.

Katie and Jack talk about why he refused to chase a bigger fund, the belief that size is the enemy of returns, the age-12 loss that shape...

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Mark as Played

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