# Aspen’s 2025 Capital Allocation Strategy: Where We Invested & Why Page: https://stenobird.com/podcast/invest-like-a-billionaire-4346750/aspen-s-2025-capital-allocation-strategy-where-we-invested-why Text version: https://stenobird.com/podcast/invest-like-a-billionaire-4346750/aspen-s-2025-capital-allocation-strategy-where-we-invested-why.md Podcast: [Invest Like a Billionaire](https://stenobird.com/podcast/invest-like-a-billionaire-4346750) Published: 2025-12-30T09:00:00+00:00 Episode link: https://podcasters.spotify.com/pod/show/invest-like-a-billionaire/episodes/Aspens-2025-Capital-Allocation-Strategy-Where-We-Invested--Why-e3cje85 Audio file: https://anchor.fm/s/4e9bae1c/podcast/play/112883397/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-11-19%2F464e9027-98f2-4263-b061-04bd5dbf6154.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/invest-like-a-billionaire-4346750/episodes/aspen-s-2025-capital-allocation-strategy-where-we-invested-why Duration seconds: 2111 ## Resource Ben & Bob join Ellis Hammond to look back on a landmark year in which Aspen deployed approximately $140 million in capital. We walk you through our biggest verticals to see how oil & gas, debt & credit, and multifamily fared this year. And we share some strategies we’re bringing into 2026. Have more questions, or want more resources like a tax calculator? Go to investlikeabillionaire.org to learn more about our community. Check out Ben & Bob’s company and invest along at https://aspenfunds.us/ ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/invest-like-a-billionaire-4346750/episodes/aspen-s-2025-capital-allocation-strategy-where-we-invested-why/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/invest-like-a-billionaire-4346750/aspen-s-2025-capital-allocation-strategy-where-we-invested-why.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.