How do institutional investors decide where to put billions of dollars? In this episode of the All-Star Allocator podcast, Marcus Solomon of Makena Capital — a $20B+ allocator — pulls back the curtain on how his team invests across data centers, real estate, and private markets. He shares his career journey from trading to managing real assets, the key questions they ask when evaluating managers, and why risk management and regulatory factors are make-or-break in today’s market.
Marcus also dives into the booming data center sector, the latest Build-to-Rent and Single-Family Rental trends, and what emerging managers must do to stand out. Whether you’re raising a fund or just curious about how one of the world biggest allocators think, this conversation delivers tactical, behind-the-scenes insights on strategy, market dynamics, and building trust with investors.
About Makena Capital: https://www.makenacap.com/
About AllStreet Capital: www.allstreetcap.com
About Marcus Solomon: https://www.linkedin.com/in/marcus-solomon/
About Austin Jia: https://www.linkedin.com/in/austin-jia-cfa/