Knowing when to sell and how to manage a portfolio of companies are the final two hurdles family offices face in doing direct private equity deals.

It’s not just that a family’s assets have to grow at a steep rate over time – easily 9-10% or more. It’s that there really is only one variable within the family’s control – and it’s a complicated one

There is a piece making the rounds on Bloomberg (” Family-Owned Businesses Urged to Sell Before the Party Ends”) this week saying that if you have ever contemplated selling your business now is the time to head for the exit.

Our caution would be simply that of the zen master – ‘we’ll see.’

What if, this very tendency to not discuss what it means to be wealthy, actually enhances the risk of a negative outcome rather than prevents it?

One of the great challenges families face when allocating capital for the long-term is determining the right level of risk and return. 

A conversation we have been having with family offices recently is about the magnitude and significance of the change when a family moves from being predominately an operator of a business(es) to an investor in businesses.  This shift can be sudden in a liquidity...

The same time horizon advantage families have as operators, is also in place for the family’s investment activities.