Institutional investors manage risk through diversification. Family offices increasingly manage risk through governance — betting that visibility into fewer positions beats blindness across many.

Diversification is for passive capital. Governance is for active capital. When you have board seats and reporting rights, you don't need as many positions.

Key topics: family office governance, capital allocation philosophy, private equity LP rights, venture capital transparency, raising capital from family offices, wealth preservation, wealth building, UHNW investors, alternative investments, GP-LP relationships, institutional investors, portfolio management, direct investments, asset allocation.

The Capital Stack — a daily briefing for family offices, next-gen principals, and trusted advisors who allocate long-term private capital.

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