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Spark, presented by Fuel, features weekly conversations with innovative alternative asset managers, allocators, and industry experts. Host Yon Perullo explores the strategies, philosophies, and personal journeys behind today’s most compelling investment opportunities. Unlike traditional financial podcasts, Spark reveals the human elements driving investment decisions across private equity, hedge funds, venture capital, and specialized vehicles. Designed for allocators and investment professionals seeking deeper insights into alternative asset management.
Episodes

Wednesday Apr 30, 2025
Small Managers, Big Opportunities: Kamal Suppal on Emerging Markets Alternatives
Wednesday Apr 30, 2025
Wednesday Apr 30, 2025
In this episode of Spark, Yon Perullo sits down with Kamal Suppal, founder of Emerging Markets Alternatives, to explore how smaller investment managers can thrive in a competitive and often biased landscape.
With over two decades of experience across global asset management, Kamal explains the importance of rigorous due diligence, the opportunities market turbulence can create for nimble managers, and why defining a clear niche is critical to winning institutional capital.
From practical advice for GPs to insight on how LPs evaluate new managers, this conversation shines a light on the real work — and real opportunity — behind emerging manager investing.
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