At a glance
- Austin is founder and CEO of Arondight Advisors.
- High-quality private-market opportunities carry limited allocations, and they can be gone by the time a family settles who owns what or when it can commit capital, Austin said.
- For a family office weighing a co-investment, that means resolving the decision mandate before diligence opens, Austin said.
The average family office takes closer to 90 days to reach an investment decision, compared with 60 days or less for the average high-net-worth investor, Ryan Austin told FO Pro. Austin is founder and CEO of Arondight Advisors.
High-quality private-market opportunities carry limited allocations, and they can be gone by the time a family settles who owns what or when it can commit capital, Austin said.
For a family office weighing a co-investment, that means resolving the decision mandate before diligence opens, Austin said.
Uncertainty over who actually holds the mandate to say yes, and requests to place family members in board seats or staff jobs, are recurring sticking points, Austin said.
“Decision velocity is the big thing,” Austin said, adding that speed is the main obstacle in his work with founders, fund managers, venture capitalists and private equity firms raising capital. He also advises several family offices on strategic positioning, communications and deal sourcing.
Reported by the Family Office News desk from FO Pro — The Family Office Professional. Published . Corrections