NEPC’s Karen Harding was recently quoted in a Crain Currency article, where she shared insights on the importance of thorough due diligence and setting realistic expectations when family offices pursue direct investments. Visit Crain Currency to read the full article.
As more family offices shift toward direct investments in private companies, experts say success depends less on capital and more on preparation, discipline and knowing what not to do.
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“Is direct investing right for you?” said Karen Harding, partner and private wealth team leader at Boston-based advisory NEPC. “It might or might not be the best approach — it depends on their asset class and their interests and goals, as well as their staffing and skill set.”
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Relationships should be approached strategically, not casually. Harding and Lee both warned about what Lee calls “country club” investing — informal deals made through social ties, without diligence.
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