A private investment should be assessed alongside the family’s overall portfolio. An attractive opportunity still raises questions about existing illiquidity, future capital calls, and the cash available to meet them.
It also needs to be considered in the context of taxes, concentration, and the family’s broader plans. For families with substantial private-market exposure, selecting investments is only part of the work.
The portfolio must be managed across commitments, liquidity needs, and market cycles. We underwrite both the investment and its role in the family’s portfolio. The ability to hold an investment on suitable terms, for the required period, matters alongside the opportunity itself.
For informational purposes only; not personalized investment, tax, or legal advice. All investments involve risk, including loss of principal. Private investments involve illiquidity and other risks and may not be suitable for all investors. Consult your advisers about your circumstances.