EXCELSIOR CAPITAL PRESENTS

Direct & Co-Investing for Family Offices

Randy Castleman advises family offices and institutional investors on their direct investing, fund investing, and fund formation.
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Podcast: Direct & Co-Investing for Family Offices

Randy Castleman advises family offices and institutional investors on their direct investing, fund investing, and fund formation. Years as a family office president, a managing GP of a venture fund, and allocating into privates for a large multifamily office give him a 360-degree view of private direct investing.

Key Highlights

[00:01 -06:47] Opening Segment

  • Introduction to Randy Castleman and how direct investing has changed
  • He shares his story of how he got started in family office management

[06:48 – 16:01] Beyond Being Transactional

  • It is essential to be open and honest about non-financial motivations
  • There are unique advantages that family offices have within the direct investing space
  • Not working within the same constraints that an institutional fund manager

[16:02 – 33:52] How to De-risk the Disadvantages That Are Inherent within the Family Office Investing Space

  • Understand the non-financial motivations and really talk through what you’re trying to accomplish
  • Strategic versus Impact Investing
  • Consider the deal’s lifecycle and its complete trajectory in the future
  • Have a sense of the behaviors of your co-investors

[33:53 – 36:18] Integrate Best Practices without Undermining the Disadvantages

  • If you develop your reputation for being good at a certain area amongst your co-investors, they will seek you out
  • Whether a family office should have an in-house resource or not is half the battle
  • Younger generations are more interested in direct investing
  • Advisors must be relevant and helpful not only to the current generation but to the next

[30:37 – 31:24] Closing Segment

  • Connect with Randy Castleman on LinkedIn or visit his website!

Additional Links:

Randy’s Linkedin: https://www.linkedin.com/in/randycastleman 

Website: www.srfmanagement.com 

Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/

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