VC10X - What is Special Situation Investing? - Greg Ho, President, Spring Mountain Capital

Greg Ho is the President & Head of Social Impact at Spring Mountain Capital ($1.6B AUM). Greg formerly spent 16 years at McKinsey, where he helped expand the firm into 30+ new countries and oversaw the launch of its $20B investment arm as CFO. In 2001, Greg founded SMC alongside Launny Steffens, and later its social impact arm, the West Harlem Innovation Network.Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comSpring Mountain Capital website - https://www.springmountaincapital.com/Greg Ho on LinkedIn - https://www.linkedin.com/in/gregory-ho-68126215🎙️ Hosted by Prashant ChoubeyFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahabIn this episode we talk about - - Greg's story and how you got into investing?- The story of McKinsey’s expansion into over 30 new countries- What is Special Situation Investing?- What key qualities he looks for when selecting asset managers?& lots moreTimestamps:(00:00) Introduction(03:13) Greg's journey into investing(04:26) McKinsey's global expansion strategy(07:20) Founding McKinsey's investment office(09:47) Founding of Spring Mountain Capital(11:43) What is special situation investing?(13:46) Examples of special situation investing(17:31) Explaining investment strategy to limited partners(20:49) Focus on social impact investing(25:25) Investing in underrepresented communities(29:07) Opportunity zone investing and tax benefits(32:04) How to evaluate fund managers(34:33) Current market trends and opportunities(39:22) Impact of new administration on investment strategy(40:49) Biggest learning in investing - importance of diverse teams(41:54) Rapid fire round covering investment detailsFor sponsorship or guest appearance requests, write to [email protected] to VC10X on Youtube, Spotify, Apple Podcasts.