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/