News & Press: Updates

Investor Spotlight - Ted Parker, Millennium Trust Company

Wednesday, October 14, 2020  
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This week, we interviewed CalALTs member, Ted Parker, Senior Vice President and Regional Director of Custody Services at Millennium Trust Company. Ted is the first of our new series of Investor Spotlights, a series of interviews that will be dedicated to learning more investors and their approach to alternative investments. Read our interview with Ted below.


Current Endeavors and Background

 

Where are you from originally? Where do you reside now?

I'm originally from Orange County, California, but recently relocated to Reno, Nevada. 

 

What is your current role and focus relative to alternative investments?

With Millennium Trust Company. I serve as the Senior Vice president, Regional Director of Custody Services.


What is your background in the ALTs sphere? How did you become interested in alternative investments?

I became interested in ALTs back in 2002 when a good friend and owner of a national multifamily construction company asked me if I wanted invest in one of the Apartment building they were rehabbing. Four years later, when that building was sold, my investment had an IRR of 48%. I was hooked!


What has been the most rewarding part about your career?

Opening up ALT investments to Advisors and their clients.


Investor Focus 

 

Do you have a specific industry or geographic focus for your investments?

My current passion is in the private equity space. More and more companies are staying private longer, and the largest pensions around the world are adding more to private equity to add the extra ALPHA to the portfolios. This space is best accessed through a PE fund because it doesn’t take many of those individual investment in the fund to make your double or triple run investments. PE is an area where research and management are paramount.

What is or has been your most successful investment?

My most successful investment has been with an LA based 1st TD investor in short term bridge loans for commercial real estate. These investments have provided consistent income and return of my investment.  They sailed through the 2008 market crash and kept my portfolio largely intact.  I am now in Fund VI with the firm and based on the short term nature of the loans, they have been managing the COVID-19 crisis quite well. So far I have never lost a penny and have averaged in excess of 9% across all investments.


CalALTs Involvement

What has your involvement with CalALTs looked like?

I first joined CalALTS in 2018 and have helped ALT investment sponsors and Advisors learn about the benefit of membership in CalALTs. I value the support and camaraderie of the members -- With the growing focus on ALTS , CalALTs is the best way to connect and stay informed.

 

Interested in an investor spotlight or think another member may be a good fit? Submit your spotlight here.


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