Our guest for today’s podcast is Andy Lee, Managing Partner of Parallaxes Capital, an investment firm he founded in 2017 at the age of 26.  Previously, Andy was with Lone Star Funds and, with Lone Star’s support, he spun off to form Parallaxes Capital to take advantage of an esoteric and growing asset class – Tax Receivable Agreements (TRAs).   Andy is as smart and talented as they come, having entered college at 15 and earning his Bachelors in Finance and Accountancy from the University of Illinois at Urbana-Champaign.  He went on to earn his Masters in Accountancy before joining Citigroup as an investment banker for his first job out of college.   Andy has been featured in publications including Institutional Investor, NBC, Forbes (as part of the 2020 Class of 30 under 30), ReOrg Radio and Fitch’s LevFin Insights.   Joining me on this podcast as co-host is Nicholas Pon, Investment Director at the YMCA Retirement Fund, where he is part of a team that manages over $8.5 billion in assets under management.  Nick’s expertise is on uncorrelated assets across public and private markets, where he focuses much of his time on evaluating hedge fund strategies.  Thanks to Nick for joining this podcast and taking the time to interview Andy.   Without further ado, here is our conversation with Andy Lee.