Midwest Multi-Family Office Investor Mandate Interview on Opportunity Zones & Fund Manager Investing

TL;DR

A conversation with Jose from a multi-family office in South Dakota, discussing their investment approach and focus on direct investments in private equity and real estate.

Transcript

Lois's Richard C Wilson founder the family office Club we have with us today Jose and I'm pologize if I said your last name wrong right there but I welcome Jose to the interview all right my name is Jose abyss from great and this is an investor mandate interviews we're gonna be talking about Jose ins team are looking to invest in with it looking fo... Read More

Key Insights

• 🧑‍💼 The multi-family office primarily focuses on direct investments in private equity and real estate.
• ℹ️ They source investment opportunities through their network and attending conferences.
• 🥺 The current crisis has led to a repricing of real estate and higher hurdle rates for new projects.

Questions & Answers

Q: What types of investments do you mainly focus on as a multi-family office?

We primarily focus on direct investments in private equity, private real estate, and alternative investments. We also manage our own public equities and bond portfolios.

Q: How do you source investment opportunities for your clients?

We rely on our network and personal connections, especially when it comes to direct investments. We also attend conferences to network and learn about potential deals and investment strategies.

Q: How has the current crisis affected your investment approach?

We believe real estate has been repriced, and the hurdle rates for new projects have increased due to higher return expectations. We are now considering opportunities in existing properties or partnering with private equity firms in opportunity zones.

Q: What is your number one piece of advice for investors?

Large investors should consider transitioning their portfolios into ETFs or individual stocks to reduce costs. In real estate, it is advisable to invest in diversified private funds instead of single property deals to mitigate risk.

Summary & Key Takeaways

• The multi-family office manages assets for families with connections to the Upper Midwest, primarily business owners or families who have sold their businesses.

• The office's larger clients and families invest directly in private equity, real estate, and other private investments.

• They primarily source investment opportunities through their network and attending conferences, focusing on projects and developers they are familiar with in their geographic region.