One family office portfolio is 100% alternatives, with zero public market exposure by design.

[04:26]

"Uh the interesting thing here is it is a 100% alternatives, zero public market exposure by design. Um and a lot of family offices are moving to heavy alts exposure but this is extrapolating to 100%."

[05:35]

"Um to provide them a more vertically integrated way of doing business and to provide them a platform to um ensure the proper succession uh and transfer from one generation to the next of the family and and to ensure that continuity."

[00:19]

"I am the CEO of my own single family office. I've been the, you know, on on the CEO helm for over two decades already. And even though I want to step aside, they won't let me. So we are global investors."

Full transcript

Uh at at Richard's events. I always enjoyed his events and I enjoyed his audience and uh his events were always enriching for my mind and helping me build more friendships and a great contact. I am the CEO of my own single family office. I've been the, you know, on on the CEO helm for over two decades already.

And even though I want to step aside, they won't let me. So we are global investors. Uh we operate out of Dubai and uh we focus on alternatives. Our core investments are in commercial real estate, in renewable energy and in waste management. We do direct investments as well as we do co-investments. I'm not going to talk about myself today because these 354 minutes are or less are are all about you.

Uh uh I enjoy moderating and I call it always I say I moderate to educate. What I mean by educate is beside you know macroeconomics and geopolitics which is a lot of my regular daily life as a dispute resolution expert also today in among many different ministries in our region. Uh what I enjoy is uh uh uh engaging with the uh climate people and enjoy with in uh uh enjoy enforcing a an overarching policy that we have on ESG where all our investments factor measurable impact. Uh I have with me on the on on stage four esteemed panelists, the beautiful people.

I only met them this morning. I wish I met them a long time ago, but there is it's never too late. We can always make a lifetime friendship. You have them hailing from New York, from New Jersey, from Chicago, and from Los Angeles. So, Sylvia is going to lead the the the pack by introducing herself, her company, her position, her experience.

And let's leave let's limit that to to a minute, please, because we have a lot of question to cover for all these esteemed people who put up with us and stayed through the third day. Thank you very much. Go ahead. Awesome. Thank you. Thank you, Camille.

Uh my name is Sylvia and Hikaro Capital is an independent asset management firm. So basically all we do is we are a bridge between the financing and the fund manager. So we help fund managers to fund raise and investors to deploy their own capital just as a normal um external asset manager would do. We cover all uh alternative asset classes.

So starting with private equity, real estate and and VC. Um we in order to be able to also invest indirectly right now we set up a fund of funds called Parkour Capital. So basically we are investing in experienced fund managers across alternative energy, private equity and real estate. And uh well I'm proud to say that last year I was named as the youngest female running an independent asset manager in the US and uh yet people are still getting excited with my primarily with my experience because I I've got over a decade in the investment space and I work for Blackstone where I set up the largest retail fund in Europe.

Beautiful. Thank you very much Jonathan. Hello my name is Jonathan Tuttle. Uh, actually have a podcast with Richard. It's called the Credit Investor Podcast. I highly recommend you guys checking it out or if any of you want to be guest, I'm always looking for new guests.

Um, I also have two businesses. My main focus point is mobile home parks. I've been in that space 15 years. I have a fund Midwest Park Capital. My partners have been driving for the last two months building a lot of uh offmarket deals. Uh, I don't think we're raising right now.

We pretty much oversold for the next raise we're doing. And I also have a high growth uh ecom focused digital agency. We build stores for seven, eight figure exits using uh the unlimited traffic source with Tik Tok and Google. So John Tuttle Chicago, thank you. Thank you. Thank you, Richard and Camille uh for hosting us today.

Uh Richard, I learned a lot on your uh your speech there and now I'm overly sensitive to persuading everybody in this audience. Um I work uh as a CIO for a single family office uh in the southern states. Say at a liquidity event a few years ago, all cash and so we're deploying that. Uh the interesting thing here is it is a 100% alternatives, zero public market exposure by design.

Um and a lot of family offices are moving to heavy alts exposure but this is extrapolating to 100%. So very interesting. Uh I also have a small fund called u wingspan and we invest exclusively in niche alternatives uh as well. Uh, prior to that I was the CIO for the Hez family in Pittsburgh. More of a legacy family.

Uh, multi-generation, heavy alternative exposure. Um, lots of implications um, by being a high-profile family office, I guess. Um, so that's uh, that's my background and uh, it's a pleasure to be here. Thank you very much. I uh, run a multif family office out of Los Angeles. So I specialize in my uh the purpose of my business is three-fold.

One to provide high netw worth families with tools, services uh and products and investment vehicles that they had not been exposed to. Um to provide them a more vertically integrated way of doing business and to provide them a platform to um ensure the proper succession uh and transfer from one generation to the next of the family and and to ensure that continuity. We focus pretty heavily in real estate because all the families that I work with that's that's how they built their passive portfolios. But um we're expanding very heavily into private credit and and slowly building a venture capital arm as well.

Thank you very much. Uh ladies and gentlemen, it is fair to start the conversation by defining what is an ultra an ultra wealthy investor. Uh to we heard in the in the last few days and in many conferences the term family office used. Uh I define the the uh when when a family that is working together this is a family business.

When a family structure a team for itself and can afford to uh structure and compensate that team taking all the advantages in the west not by us in the in the GCC because our tax system is very lenient and in most cases we don't have any income tax uh uh but in the west and here in the United States Canada there are tax advantages when you establish your own single family office or you run your business as a multif family office versus a venture fund or other uh that's where also advanced some of those advantages also advanced in the last few years the private equity activities uh for me a and in the in the space that I live with the u the the the ultra high the ultra high uh uh and the ultra ultra wealthy uh families we I remember when the time billion used to be a lot of a lot of zeros and very difficult you wait until you are 12 13 years old to know that how many zeros as it is.

But today the name the word trillion is becoming a lot more prevalent because we hear that in debt, we hear that in wealth, we hear that in budgets and uh we hear that in the cost of wars. So welcome to the trillion the trillion world. Uh Sahil, no talking about uh uh I was intrigued when you said that you made you you know your family made made wealth in real estate and being a liquid and being in the alternative space which is one of the most attractive sector economic sectors to the to the ultra wealthy. The ultra wealthy is not investing every day to make a living but als but but to really uh work on big investments and for capital growth and for preservation.

What would you say about the portfolio structure of the of the ultra wealthy? Well, I mean in terms of structure, I don't think that's something that you can just, you know, set out at one point and just move on autopilot. It always has to be massaged. It always has to be managed and and restructured and rebalanced based on you know the the happenings of day-to-day.

I mean, we we we saw just in in two weeks um the entire world kind of changed. You know, we had we had we had, you know, Joe Biden stepping down to Trump, you know, almost getting assassinated to, you know, the DNC, all of these picks. Everything sort of changed in the span of 2 to 3 weeks. I was out of the country for this entire time.

By the time I came back to America, everything was was extremely different and I had to to rethink my priorities based on how I thought the next uh the next four years of of economic outlook would would go and what the impact would be, especially considering all of the all of the wars that are popping up. You know, the the postsviet fever dream is over and we've all really got to take stock in what that means both for us in our lives but also for our portfolios. Beautiful. Thank you uh Andrew.

Uh uh since the we've been experiencing this most recent paradigm that we inherited from COVID, from inflation, from bank the banking industry failure. I know there are three or four that went under, but that doesn't mean the rest are safe. So we living in a volatile economy that accentuate the sectors of private credit and the private equity and you've been involved in that. Where do you see today the allocation and also the interest of the high net worth in these two sectors?

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