Institutional investors prize liquidity. Family offices often treat it as a liability — a source of temptation that erodes long-term discipline.

Illiquidity isn't a bug in family portfolios. It's a feature. It prevents panic selling and forces the patience that compounds wealth across generations. Key insight for private equity and venture sponsors positioning illiquid strategies to family office LPs.

Key topics: family office liquidity management, capital allocation strategy, private equity illiquidity, venture capital long-term holds, raising capital from patient LPs, wealth building, wealth preservation, behavioral investing.

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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