Vlad Barbalat - Investing $120 Billion in Permanent Capital
Invest Like the Best with Patrick O'Shaughnessy
- Published
- June 23, 2026
- Duration
- 1h 9m
- Summary source
- description
- Last updated
- Jun 24, 2026
Discusses investing.
Summary
My guest today is Vlad Barbalat, the Chief Investment Officer of Liberty Mutual Investments, the $120 billion investment platform that sits within one of the largest insurance companies in the world. Vlad grew up in Soviet Moldova, came to America in 1990, and built a career that eventually led him to one of the most distinctive capital allocator seats an…
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Show notes
My guest today is Vlad Barbalat, the Chief Investment Officer of Liberty Mutual Investments, the $120 billion investment platform that sits within one of the largest insurance companies in the world. Vlad grew up in Soviet Moldova, came to America in 1990, and built a career that eventually led him to one of the most distinctive capital allocator seats anywhere in finance. Today we talk about how the mutual insurance structure creates a unique investment platform, what Liberty looks for in a new
Themes
- investing