Richard Dresdale is a senior managing director at Jefferson River Capital, which is a small family office private equity firm that invests across a number of industries including in industrial and healthcare businesses. First, we talk about Richard’s long and distinguished career in private equity, including his involvement in starting a middle-market private equity firm called Fenway Partners and his current role at Jefferson River Capital. Next, we dive into Richard’s perspective on the value and benefits that having operational experience can have when it comes to private investing. Richard also breaks down the structure and typical roles that make up a private equity firm and provides advice and insights that he has gained from his many years in private investing. Finally, we finish off our conversation by discussing the recent popularity of private equity investing for individual family offices.