November 2025 Hangar Talk

Tait Duryea hosts a wide-ranging Hangar Talk covering investor updates, Iron Horse performance, and how Turbine Capital is positioning capital heading into the next market cycle. He explains recent returns from Iron Horse, clarifies fiduciary responsibility, and outlines why natural gas may be the smartest way to participate in AI-driven demand without taking data center risk. The conversation also explores self-storage, industrial real estate, bonus depreciation, and why the next 12–18 months could present a prime buying window for disciplined investors.Show notes:(00:26) Iron Horse sale and investor returns(01:09) Updating tax addresses and K-1 prep(03:11) Fiduciary responsibility explained(06:02) What’s inside the Iron Horse fund(07:24) Energy funds returning next year(12:21) Reef demographics and investor outlook(15:00) Self-storage and industrial real estate outlook(18:12) AI demand and natural gas strategy(21:36) Why real estate pricing is stabilizing(24:13) Bonus depreciation and capital flowsTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If you have any questions, please feel free to email [email protected] more about Turbine Capital: Website: https://www.turbinecap.comFacebook: https://www.facebook.com/turbinecapInstagram: https://instagram.com/turbinecapitalThe information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.