It typically starts by building or inheriting a business, often developed over decades or generations; family DNA is often deeply rooted in industry
As the years progress and business thrives, family-owners not only accumulate capital, but also a wealth of capabilities, knowledge and networks in their industry and areas of expertise
To manage succession, inheritance or taxation, and the overall family involvement in diversifying the capital they have accumulated, family-owners tend to organize themselves into 'family-offices'
Family offices typically start with common asset classes, such as real estate, cash management or investment funds (including both hedge and private equity funds), often relying on outside expertise and managers
As family offices gain from their initial experiences, they seek to reduce costs by insourcing certain activities like proprietary trading and occasionally co-invest in deals offered by existing funds
DIRECT INVESTMENT PHASE
Ultimately, the appetite for direct investment grows – not only to further reduce fees, but because private equity funds do not provide a natural fit for family offices seeking to better use their longer time-horizons and industry expertise. But how?
How do mature, sophisticated family offices move from passive to active investing without in-house expertise on sourcing and structuring deals, partnering with entrepreneurs and identifying the right investment strategies, sectors and regions?
Kharis Capital reconciles the desire of family offices to invest directly in growing businesses with the limitations of traditional investment structures or the challenges of building internal competencies.
We provide an innovative