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FAMILY OFFICE MONTHLY April 2017

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FAMILY OFFICE MONTHLY April 2017 (305) 503-9077 FAMILY OFFICE MONTHLY April 2017 Upcoming Family Office Conferences in 2017 Capital Raising Bootcamp th elcome to the April edition of Family Office Monthly. We just wrapped up our May 19 2017 Wannual Family Office Real Estate Summit down here in Miami, FL and it was a fantastic event, featuring more family offices on stage (34) than any previous event-except, of Houston, TX course, the annual Family Office Super Summit. We set the bar high for family office www.FamilyOffices.com/Capital conferences and we encourage you to RSVP as a Charter Member in new login platform online at www.FamilyOffices.com/Login to come to our next workshop or the Emerging Manager Summit in June. Emerging Manager We hope that you'll also join us for our first capital raising bootcamp in Texas on May 19th. Investor Summit For our full list of events we are hosting this year, be sure to visit www.FamilyOffices.com. June 12th 2017 Beyond the events, we hope you access our extensive family office resources such as Family Office Monthly, database solutions, family office training programs, webinars, and more. If you New York, NY would like to learn more about how we can work with you and your family office, please contact our client services team at [email protected] and by phone (305) 503-9077. www.FamilyOffices.com/Emerging Bass Family Lures $20B Saudi Multi- Family Office Endowment Executive Investing £1Billion in Prime Family Office Deal One of Robert Bass's family offices has London Real Estate Flow West landed a new chief investment officer in Sidra Capital, a multi-family office in Saudi Edgar Nehme of KAUST Investment Arabia, is setting up a £1 billion investment th Management Company. Mr. Nehme is program targetting prime central London July 14 2017 joining Oak Hill Capital Partners... Page 3 commercial real estate... Page 8 Video: 30-Min Presentation on San Francisco, CA HOPP Family Office Invests in Raising Capital from Family Customer Data Analytics Co. www.FamilyOffices.com/DealFlowWest Offices I was asked to deliver this presentation on DAH Beteiligungs GmbH has reportedly raising capital from family offices in agreed to invest Rs. 70-crore in Flytxtm, a Singapore and I wanted to share this with you customer data analytics company Reserve your seat today: here... Page 4 headquartered in Amsterdam... Page 10 www.FamilyOffices.com/Reserve www.FamilyOffices.com E-Mail: Clients@FamilyOffice .com (305) 503-9077 Family Offices Earn Attention of OppenheimerFunds Like many investment advisers, OppenheimerFunds has found that the millennial generation represents a unique challenge to the status quo in wealth management. Many high-net-worth millennials are taking a different approach to managing their money including greater demand for alternative products and an emphasis on impact investing, tax efficiency and other considerations that might not have been the primary concerns of previous generations of HNW and ultra-affluent families. As Barron's has reported this month, OppenheimerFunds is trying to take a more accommodating approach to family offices and HNW individuals to win their business and ultimately their long-term loyalty as clients. To that end, OppenheimerFunds agreed earlier this year to acquire SNW Asset Management, which specializes in managing high- quality fixed-income portfolios in a tax-efficient way and targets high-net-worth individuals. “It closes a big hole in our offerings for clients who want separate-account capabilities and impact strategies,” Dane says. He has also partnered with Legacy Capitals, a New Hope, Pa.–based family-wealth consultancy that advises billionaire families. Legacy helps train OppenheimerFunds advisors on forging deeper relationships with their clients and their clients’ families, while OppenheimerFunds provides investment products when Legacy needs to expand its investment options and solutions for clients. Dane has been traveling the country this year hosting special workshops for client-facing advisors at private banks, aiming to help train at least 500 top advisor teams to turn one-on-one client relationships into relationships involving the whole family. Enter the recent OppenheimerFunds research. Dane often leads his talks with insights into millennial attitudes. For example, one Western family office took an interest in the research and requested a conversation with Dane’s team. The family needed to make a 5% annual distribution to charities from its family foundation, as required by law, but were concerned that the portfolio made less than 5% in the past year, due to market conditions. Source: http://www.barrons.com/articles/inside-oppenheimerfunds-elite-family-offices-unit-1491624492 May Webinar: The Virtual Family Office On May 10th the Family Office Club will be hosting You can attend all of our webinars for free as a a live webinar on The Virtual Family Office Charter Member or register to attend here: http://FamilyOffices. com/Webinars In this webinar, Richard C. Wilson, founder of the Members can also access dozens of hours of Family Office Club, will take you inside a family content through our webinar recording library. office wealth management model that has been adopted by some families that prefer a more cost- We’re covering all the important family office issues effective approach to protecting their capital while in Charter Member webinars, our quarterly still receiving a level of customization that the conferences, and through educational resources like family office model offers. Unlike the traditional Family Office Monthly so be sure to receive the latest family office model, virtual family offices are rarely by joining the Family Office Club: http:// discussed in the media or the industry. FamilyOffices.com/Association 2 | Family Office Monthly E-Mail: [email protected] (305) 503-9077 Bass Family Office Lures $20 Billion New Capital Endowment Executive Raising Book One of Robert Bass's family offices has landed a new chief investment officer in Are you looking to raise capital? Richard C. Wilson, Edgar Nehme of KAUST Investment Management Company. Mr. Nehme is founder of the Family Office joining Oak Hill Capital Partners, a middle market private equity firm founded in Club, just released his latest 1986 as the family office for Robert M. Bass. publication The Capital Raising Book: The 5-Step The Bass family is legendary in Texas and beyond as principal investors that System for Raising Capital from Private Investors. have amassed a great fortune starting in 1960 when Perry Richardson Bass and his brothers inherited $11 million from a literal rich (great) uncle Sid W. Richardson and the brothers formed Bass Brothers Enterprises. Perry Richardson Bass's son, Robert M. Bass, went on to form Oak Hill Capital Partners and build a fortune currently estimated to be $5.5 billion. Mr. Nehme is no stranger to managing a billion dollar portfolio, having previously managed the endowment of King Abdullah University of Science and Technology, which maintains a $20 billion endowment. To download the first four chapters of this book visit: http://CapitalRaising.com/ Edgar Nehme is leaving KAUST Investment Management Company to become chief Book and complete the simple investment officer at a Robert Bass family office, according to a person familiar with his plans. download form to receive the PDF book. Nehme didn't immediately respond to requests for comment. Nor did a representative from Looking to meet family offices Oak Hill Capital Partners, one of Bass' family offices. in person? The Family Office Club hosts many live Bass has a net worth of about $4 billion, according to Forbes, which says he built his fortune conferences throughout the year off an inheritance from his oil tycoon uncle Sid Richardson. Texas billionaire Bass and his in great locations like Miami, family have multiple offices, the best known being Oak Hill, which began investing in 1986. San Francisco, Singapore, and Manhattan. Every month, we He also co-founded Acadia Investment Management in 2013, with Mark Anson. Anson host an exclusive gathering of was CIO of the Bass family office until he left to become CIO of Commonfund, an asset family offices to meet, share manager in Connecticut that assists non-profit organizations in January 2016. experiences, and build relationships. Source: http://www.institutionalinvestor.com/Article/3707530/investors-registered- investment-advisers/kausts-edgar-nehme-said-to-leave-for-a-bass-family- office.html#.WP5O0Yjyu00 Spotlight: Family Offices Avoid Primary Markets At our Real Estate Investors Summit in Miami, we found a far greater appetite If you represent a ultra-high- net-worth family, multi family for investments outside Miami and other primary markets in favor of cities like office or single family office, Nashville, Austin, and Atlanta where cap rates are thought to be more we've love to have you attend or favorable. One panelist captured this point: “We're not really looking at any of even speak at our next the primary markets like Miami where cap rates are so low. We are excited gathering. about tertiary and secondary markets where valuations are more reasonable and To apply for admission as a we feel confident that property values and rents will appreciate.” family office visit: http://FamilyOffices.com/FO 3 | Family Office Monthly E-Mail: Clients@FamilyOffice .com (305) 503-9077 Video: 30 Minute Presentation on Raising Capital from Family Offices I was asked to deliver this presentation on raising capital from family offices in Singapore and I wanted to share this with you here: http://www.FamilyOffices.com/Singapore-Presentation. Family offices have become one of the more sought-after capital sources because of their flexible mandates, long-term time horizon, and large balance sheets, but there are few resources available if you are looking to learn more about how to raise capital from family offices or develop relationships with these investors.
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