Takeaways from the Handler Thayer Family Office Forum!

Takeaways from the Handler Thayer Family Office Forum! The Anatomy of a Family Office:

1. Families will not perceive all the risks they are vulnerable to, so many times they are not prepared. Sit down yearly to measure risk appetite

2. A person can be technically proficient – but not a good culture fit

         a. Create a plan - Think in the long term – maintain consensus,

1. Families will not perceive all the risks they are vulnerable to, so many times they are not prepared. Sit down yearly to measure risk appetite

2. A person can be technically proficient – but not a good culture fit a. Create a plan - Think in the long term – maintain consensus,

2. A person can be technically proficient – but not a good culture fit a. Create a plan - Think in the long term – maintain consensus,

        a. Create a plan - Think in the long term – maintain consensus, alignment and planning

        b. Define Roles and understand the culture fit

        c. It is important to define both the plan and the roles upfront to get the right

        d. Maintain communication

Asset Allocation to Private Investments:

1. Understand the buying power of each individual in multiple generations

2. Have families partner with other families with expertise in the areas you seek and in a specific industry where you are looking to increase participation

Private Equity, Venture

1. Understand the buying power of each individual in multiple generations

2. Have families partner with other families with expertise in the areas you seek and in a specific industry where you are looking to increase participation Private Equity, Venture

3. Have families partner with other families with expertise in the areas you seek and in a specific industry where you are looking to increase participation Private Equity, Venture

4. Have families partner with other families with expertise in the areas you seek and in a specific industry where you are looking to increase participation

Private Equity, Venture Capital and Co-Investment Opportunities:

       a. Families want to put capital in a business they are familiar with versus one they are not familiar with

       b. Early stage investing is not for the faint at heart

       c. There will be losses – be prepared – have a retention plan in place

Developing a Private Capital Strategy:

4. Direct Investment Opportunities and the motivation to pursue these opportunities is in the DNA of a family or not

5. Young Patriarchs have an increased tolerance of risk Deal Flow & Due Diligence:

a. Think about how you get your brand out into the world

6. Family Offices are in the unique position for key compelling components:

         a. Money comes from running a successful business

1. Families want to put capital in a business they are familiar with versus one they are not familiar with

2. Early stage investing is not for the faint at heart

3. There will be losses – be prepared – have a retention plan in place

Developing a Private Capital Strategy:

1. Direct Investment Opportunities and the motivation to pursue these opportunities is in the DNA of a family or not

2. Young Patriarchs have an increased tolerance of risk

Deal Flow & Due Diligence:

1. Think about how you get your brand out into the world

2. Family Offices are in the unique position for key compelling components:

           a. Money comes from running a successful business

           b. In the long-term they keep the company where it is

           c. They tell the story of why they are different Impact Investing: 1. Impact Investing Definition: Investing capital in platforms that change the world 2. Everyone’s passions are slightly different so to ask all families to have the same cause is difficult

Direct Investment Opportunity:

1. Just because we are patient with holding doesn’t mean we are patient with results

2. Sage advice: “It is not your problem until you put the first dollar down” – don’t lose your discipline!

1. Families want to put capital in a business they are familiar with versus one they are not familiar with

2. Early stage investing is not for the faint at heart

3. There will be losses – be prepared – have a retention plan in place

Developing a Private Capital Strategy:

1. Direct Investment Opportunities and the motivation to pursue these opportunities is in the DNA of a family or not

2. Young Patriarchs have an increased tolerance of risk

Deal Flow & Due Diligence:

1. Think about how you get your brand out into the world

2. Family Offices are in the unique position for key compelling components: a. Money comes from running a successful business b. In the long-term they keep the company where it is c. They tell the story of why they are different

Impact Investing:

1. Impact Investing Definition: Investing capital in platforms that change the world

2. Everyone’s passions are slightly different so to ask all families to have the same cause is difficult