Dustin and Adam are joined by Ellis Hammond, Vice President of Capital at Aspen Funds, who shares his unique journey from college ministry to managing capital for 850+ accredited investors.

Ellis reveals critical insights that most passive investors overlook when evaluating sponsors and deals, including why asking about debt structure is more important than track record alone, plus the key questions that separate trustworthy long-term sponsors from those likely to struggle in market cycles.

The conversation covers essential due diligence factors including co-investment requirements, legacy planning, sponsor liquidity, and why thinking generationally rather than transactionally leads to better investment outcomes for both active and passive investors.

Ellis also shares personal lessons about building skills as your greatest investment and how his father's retirement challenges shaped his approach to wealth multiplication.

Whether you're evaluating your first private placement or refining your sponsor selection process, this episode provides actionable frameworks for building lasting relationships with investment partners who prioritize capital preservation alongside growth.

Episode Release Notes & Resources:

• Connect with Ellis: https://www.linkedin.com/in/ellishammond
• Aspen Funds: https://aspenfunds.us
• Invest Like a Billionaire, by Bob Fraser & Ben Fraser: https://www.thebillionairebook.org

See all Wealth Independence episodes at https://wealthindependencepod.com

Connect with Dustin:

• Big Spring Capital
• LinkedIn (/in/TheDustinBailey)
• Twitter/X (@TheDustinBailey)

Connect with Adam:

• Bidwell Capital
• LinkedIn (/in/AdamJPenn)

This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.