In this episode, Kyle Shoemaker of Fifth Avenue Family Office and Matt Burskey, founder of 2^n, welcome Jean-Baptiste (JB) Wautier, founder of a London-based single family office and the first European member of the 2^n network. After nearly 30 years in private equity—including two decades as CIO of BC Partners, where he helped grow assets from $8 billion to $45 billion—JB stepped down to invest his own capital with full flexibility. He shares his thesis on the freedom of patient capital versus institutional constraints, the small and mid-cap opportunity abandoned in the race to scale, and a macro framework built on geopolitics, demographics, and the enduring primacy of US capital markets. JB also offers a practical playbook for newly-liquid families deploying capital, plus candid reflections on market cycles, the power of compounding, and the promise and peril of AI.