Old City Investment Partners Reflects on Two Decades of Capital Raising

The discussion, titled "Discovering Alpha," centers on the evolving relationship between fund managers and institutional investors. Damski and Sage emphasize that successful capital formation relies on more than just performance numbers; it requires a blend of niche strategy development and rigorous due diligence differentiation. The pair highlights how Old City Investment Partners has navigated two decades of market shifts by prioritizing long-term relationship building over transactional outcomes.

Host Leo LaForce notes that the conversation serves as a practical guide for managers struggling to scale in an ultra-competitive environment. Key takeaways include the necessity of infrastructure quality and the alignment of interests between the allocator and the manager. The episode also touches on "uncommon ideas" recently surfaced at the Alpha on the Delta 2026 conference, providing a glimpse into the firm’s perspective on the future of alternative investments.