In this episode, Joel Palathinkal converses with Alex Edelson, who shares his journey leading to the launch of Slipstream. They discuss the significance of patience in investment and delve into the nuances of investment conviction and identifying talented fund managers. Alex elaborates on building a franchise and nurturing long-term partnerships with limited partners, while also addressing red flags and challenges encountered in fundraising. The discussion contrasts direct versus fund investments and explores structured fundraising. Alex highlights the collaboration with families and the benefits of emerging managers, wrapping up with insightful closing remarks.