Family Office Real Estate Blog

When our family office started to attend conferences - one of the things I was told and found out myself was that not every family office who says they are a family office really is.   The reason to do so seems obvious to me which is to find a way into the "family office community" where they believe lies the holy grail.  What they don't understand is that if you are not a family office you will be found out fairly easily that you are not telling the truth and the community is a small one, meaning that you will lose all credibility and lose all opportunities to not only do business with not one family offices but many. Family offices and Patriarchs are always getting approached so they are skeptical in the first place.   The best approach is to be honest and if you are focusing on family offices then say you are focused on family offices.  Handler Thayer in Chicago is a great example.  They cater to the family office space, they are a law...

Forbes Insights The Little Black Book of Billionaire Secrets JUN 10, 2013 @ 09:30 AM   Russ Alan Prince CONTRIBUTOR Single-family offices generally allocate considerable sums on behalf of the wealthy families that established them. These boutique money management firms are constantly in search of solid investment opportunities. The investment professionals at single-family offices, for example, are inclined to give monies to seasoned investment advisors with whom they have established relationships. According to Andy Tarquinio, a partner at  Grant Thornton  LLP, “If a single-family office has had a good experience investing with a manager, that manager is likely to be given more money to invest.” Many single-family offices are interested in funding businesses directly. For them, a significant trend is club deals. Here, single-family offices as well as wealthy individuals co-invest with each other in attractive companies. From the perspectives of money m...

  Forbes Insights The Little Black Book of Billionaire Secrets JUN 26, 2013 @ 06:55 AM Russ Alan Prince CONTRIBUTOR Among the rich, and even more pronounced among the super­rich, there’s an increasing interest in club deals. “Investing in private companies is a major approach the wealthy are using to create new wealth,” explains Carlos Ferreira, partner at Grant Thornton LLP. “There are a lot of ways the wealthy are investing in companies such as through private equity funds. At the same time, club deals are another way that’s currently getting an awful lot of attention.”  The attractiveness of club deals can be seen in their appeal to family offices. “In general, family offices are embracing club deals at a growing rate,” explains Steffianna Claiden, founder and editor­in­chief of Family Office Review. “They like the level of control and potential value club deals provide. From what we are seeing and hearing from our clients around the world, this is a trend ...