The Private Capital Call podcast series hosted by Randy Schwimmer, Vice Chairman and Chief Investment Strategist at Churchill, features conversations with top decision-makers in asset management, institutional and private wealth investing.
Our guest speaker is Donald Calcagni, Chief Investment Officer of Mercer Advisors, a full-service wealth management firm overseeing $90 billion in assets. Don leads the strategic direction of Mercer Advisors' investment platform, chairs the firm’s investment committee, and manages all investment-related communications. His expertise encompasses fiduciary oversight, economics, financial mathematics, portfolio management, and corporate finance.
In this episode, (listen time: 28 minutes) Don shares his five key strategies for building a fortress balance sheet for investors. He discusses what private wealth investors should look for when selecting a private capital manager, explores the three dimensions of diversification, and offers his perspective on headlines surrounding potential overvaluation in private credit. Don also provides insight into investor psychology amid changing interest rates—and reveals his biggest surprise for 2025.
Latest insights
Alternatives in a new world order
Five themes reshaping alternative assets — from AI infrastructure and private credit to energy security. Download the Nuveen nPOWERED26 outlook.
Why the case for debt and equity is strengthening together
Why 2026 represents a compelling entry point for both real estate debt and equity investors.
Markets digest a hawkish Jackson Hole speech
Fed signals inflation fight isn't over as Jackson Hole remarks flatten the Treasury curve. See Nuveen's fixed income outlook and sector-by-sector analysis.
About the author
Contact us
- +1 312 917 7700
- 333 W Wacker Drive, Chicago, United States of America