“Pain Point”
A family liquidated their 50-year old closely-held business resulting in a $1.5+ billion liquidity event for the family. The family needed strategic, objective advice on whether to form a family office or an investment committee. Their goals in working with an advisor included oversight of the allocation of the family’s assets, manager due diligence as well as coordination and interaction with their investment service providers.
“Solution”
After evaluating the family’s two options, Mack & Co. recommended and then implemented an investment committee. We then were retained to provide governance, evaluate the investment policy and asset allocation, provide due diligence services, and assist in making direct investments and sourcing best-in-class managers.
Impact
Mack & Co.’s best-in-class investment committee included members of several family offices, enabling peer-to-peer sharing of investment ideas and solutions. We serve as a member of the investment committee and continue act as an advisor to the family.