Transcript
Introduction
Patrick
My guest today is Erik Serrano. Erik is the CEO of Stable Asset Management, which he started 14 years ago in his early 20s and has scaled to over $3 billion of assets under management. Stable's strategy focuses on other investing firms. They look to back the Blackstones of tomorrow and provide those founders with capital and support, so their time is been doing what they do best, which is typically investing.
We discussed the commonalities among promising founders in the sector, how Stable serves as a full resource to their companies and some harsh truths learned from building an investing business. Please enjoy my conversation with Erik Serrano.
Falling in Love With The Business of Investing
Patrick
So Erik, what a fun opportunity this is to talk to someone that probably has looked at investing firms as a class of founders, just like I would look at start-ups as a class of founders more than anybody else, you even used that word founder. What got you so interested in investing in investing firms in the same way that I would think about investing in a technology business with lots of the same process? Like what was it about this that originally got your interest back when you were, I think, 23 when you started doing this?