Thanks for this interesting story. Unfortunately endowment and foundations are also hot on private equity/credit - there is little understanding on valuation let alone liquidity. You are right, family offices talk to each other (even though fund managers don’t know who they are), so they invest like herds. I think real estates are good investments though in their portfolios. Adam is a smart kid!
Thanks for this interesting story. Unfortunately endowment and foundations are also hot on private equity/credit - there is little understanding on valuation let alone liquidity. You are right, family offices talk to each other (even though fund managers don’t know who they are), so they invest like herds. I think real estates are good investments though in their portfolios. Adam is a smart kid!