The RIA Playbook for Privates: Vintages, Managers, and Model Portfolios

The RIA Playbook for Privates: Vintages, Managers, and Model Portfolios

From The Private Markets Playbook by Allocate

March 31, 2026 · 46 min

About this episode

In this episode, Samir Kaji interviews Eric Patterson about building and scaling private markets exposure for modern RIAs.

Welcome to The Private Markets Playbook, a podcast for wealth advisors and CIOs navigating portfolios beyond the traditional 60/40. Hosted by Allocate, the show features candid conversations with allocators, asset managers, and industry leaders on building modern, programmatic portfolios—spanning private markets, portfolio construction, and the systems required to manage complexity at scale. In this episode, Samir Kaji sits down with Eric Patterson , Co-Founder and Managing Partner of Three Bell Capital , to unpack how a modern RIA can systematically build and scale private markets exposure. They cover Three Bell’s evolution from ad hoc, deal-by-deal alternatives to running proprietary fund-of-funds across venture, private equity, credit, and hedge funds; the tradeoffs between client choice and institutional portfolio construction; and the real economics and stigma around fund-of-funds. The conversation also explores today’s opportunity set in venture, PE, and private credit, the role of interval and semi-liquid structures, and how AI is beginning to transform both operations and investment decision-making in wealth management. Eric Patterson is Co-Founder and Managing Partner of…

People in this episode

Host: Samir Kaji

Guest: Eric Patterson

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Mentioned in this episode

Organizations: Three Bell Capital

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