When sponsors talk about alignment, they mean economics. When families talk about alignment, they mean values, time horizon, and exit philosophy. The mismatch causes most relationship failures.

Economic alignment is necessary but not sufficient. True alignment requires honest conversation about what happens when interests diverge. Alignment isn't about money. It's about what you do when the money stops being the priority.

Key topics: LP-GP alignment, family office sponsor selection, investment values, exit philosophy, time horizon alignment, partnership dynamics, family office relationship management, long-term capital partnerships.

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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