direct investing

“They're actually pivoting the investment structure to become much more direct investing, and so this is an interesting dynamic. So you have a father who made all his money doing stuff, and the actual corpus of the endowment, if you will, was invested with peop…”

“So direct investing, even of our largest families, is less than five percent of their portfolios, which surprises me because it takes up a lot of conversation because you get excited about those things.”

“The flaws in many family offices, they don't hire the teams. If you're going to focus on direct investing in an area like private equity, in a sector like manufacturing, you better hire a world-class team who's got a real edge, experience, top quartile track r…”