Private Equity, Venture, and Direct Deals

Beyond mutual funds and ETFs, many ultra-wealthy families invest directly in companies or sponsor venture capital rounds. These investments can offer structural upside aligned with innovation, but they also carry illiquidity, due diligence burden, and governance risk.

Rather than chasing “hot sectors,” the disciplined approach emphasizes documented underwriting, downside protection, alignment of interests, and exit flexibility. Where appropriate, such allocations are reviewed as part of an overall strategy—including their role in portfolio drawdown risk and diversification stress tests.

Private Credit & Structured Credit

Wealthy allocators often layer in bespoke credit strategies—senior loans, structured notes, collateralized vehicles, etc.—where public yields seem unreachable. But selection must be driven by covenant quality, downside buffers, and liquidity engineering.

Again, discipline is essential: avoid overleveraging, monitor covenants, and always model the worst-case scenarios as part of the entire capital structure—not in isolation.

Real Estate & Real Asset Strategies

Well-structured real estate (e.g. commercial, industrial, specialty) or real assets like timber, farmland, and energy infrastructure may serve as inflation hedges and private yield engines. But success depends on cash flow modeling, lifecycle management, and active oversight.

Infrastructure & Operating Assets

Private infrastructure, energy platforms, and operating companies provide long-duration, yield-like exposures. These allocations can be structured to align with cash flow needs and generational legacy planning—but must be stress-tested through varying economic cycles.