Family Office Growth News — September 2023 Edition
Ryan Austin
CEO at Arondight Advisors | Strategic Advisor at Family Office World Media | Connecting Founders with Family Offices | Nasdaq.com Contributor
Welcome to the September 2023 edition of Family Office Growth News. As the leaves begin to change and we welcome the fall season, we have an exciting lineup for you:
Let's delve into the ever-evolving world of Series A investments with our first segment, Series A Wealth Watch.
If you're interested in staying up-to-date on Family Office and Series A insights, subscribe to our monthly newsletter.
Series A Wealth Watch
In this section, we highlight key developments in the Series A funding landscape and share the latest noteworthy investments this past month.
Biodel AG — Advancing Regenerative Agriculture Technologies
The X-Factor: Biodel AG's innovative solutions aim to revolutionize soil health and water utilization, which are critical factors in combating climate change. The addition of Janelle Goulard to the board signifies a strong strategic alignment for future growth. The company's biological agriculture products offer a compelling and cost-effective solution for sequestering substantial volumes of CO2 and other greenhouse gases.
Okra Solar — Pioneering Mesh-Grid Electrification in Africa
The X-Factor: Co-Founded by Afnan Hannan , Okra Solar is focused on transforming rural electrification by providing affordable and sustainable electricity to remote communities. The recent financing will be used to scale their innovative mesh-grid technology, further enhancing its adaptability for integration with existing grid systems. This positions Okra Solar as a key player in the drive for sustainable energy solutions in rural areas.
Secoda — Revolutionizing Data Discovery and Management
The X-Factor: Co-founded by Etai Mizrahi and Andrew McEwen , Secoda's AI capabilities offer a robust solution for data teams facing the challenges of data sprawl and governance. The recent Series A funding and backing from industry leaders signify strong market validation and strategic alignment for future growth.
Mesh — Simplifying Digital Asset Management
The X-Factor: Mesh positions itself as the "intermediate connection layer" between non-traditional assets. With a focus on providing a seamless, secure, and compliant way for users to move assets across different platforms, Mesh is poised to revolutionize the digital asset space. The company already claims to have 70 paying clients across the finance and digital assets industries, indicating strong market validation. Co-founder and CEO Bam Azizi 's previous experience in cybersecurity adds an extra layer of trust and expertise to the platform.
Delos — Igniting the "Blue Revolution" in Indonesian Aquaculture
The X-Factor: Founded in 2021 by Guntur Mallarangeng, Aris Noerhadi, Alexander Farthing, and Bobby Gunawan, DELOS aims to jumpstart what it calls the "Blue Revolution." The company is set on revolutionizing the $2.5 billion Indonesian aquaculture industry and integrating it seamlessly into the global seafood supply chain. With a vision to transform Indonesia into a global aquaculture seafood producer within a decade, Delos offers a unique and scalable solution that could revolutionize the industry.
Are you a Seed or Series A founder with a compelling story to tell? DM Ryan Austin now for a chance to be featured in our next edition.
As we wrap up our spotlight on this month's standout Series A companies, we pivot to a dialogue with a visionary who has been instrumental in shaping the Family Office ecosystem. Don't miss our next segment—an insightful Q&A with Angelo Robles.
An In-Depth Q&A with Industry Pioneer Angelo Robles
Angelo Robles has been a pioneering figure in the Family Office community for over a decade.
As the Founder of the Family Office Association (FOA), Angelo has been instrumental in shaping the landscape of Single Family Offices.
His recent decision to leave FOA marks a new chapter in his career, as he focuses on new ventures to enrich the family office community.
That new venture is named Angelo Robles Enterprises.
Angelo has gained valuable insights throughout his journey known for his impactful presence and transformative approach to Single Family Offices (SFOs), especially in the evolving landscape following the COVID-19 pandemic.
His holding company is actively involved in emerging sectors like deep tech, AI, Web 3.0, and blockchain, showcasing his forward-thinking mindset. Angelo is now concentrating on lifelong learning, consulting for wealthy families, and creating a collaborative group that combines diverse expertise.
With a legacy that speaks for itself, Angelo Robles is on a mission: to continue adding value, educating, and impacting the family office community.
With a track record of engaging with industry giants of like Ray Dalio , Founder of Bridgewater Associates, and Paul Tudor Jones. , Founder of THE TUDOR GROUP , Angelo offers a unique blend of forward-thinking strategies and time-tested wisdom. For more insights into his vision and expertise, read on for an exclusive Q&A with Angelo Robles below.
Part I. Family Office Intelligence: Crisis, Continuity, and Future-Proofing
The following is a Q&A between Angelo Robles and myself.
Now that the summer is over, what key insights do you believe the Family Office community should focus on right now?
As summer gives way to a new season, the Family Office community must recognize the swift evolution of the rules governing our field, the dynamics of global engagement, and the delicate balance of "risk-reward."
In this ever-changing landscape, SFOs must consider the rising generation. The opportunity for change and growth is substantial for those families and their SFOs willing to embark on this transformation journey now.
Considering the staggering $33 trillion deficit, how do you think this economic backdrop impacts the strategies of Family Offices?
Family Offices must adopt a highly tactical approach in light of the massive $33 trillion deficit and the unprecedented economic conditions. Family Offices' primary focus should be ensuring family continuity, which involves transferring wealth, values, and business acumen across generations.
Preserving family continuity consists of managing financial assets, safeguarding the family's reputation, and nurturing strong character. By addressing these functions and adapting to economic complexities, Family Offices can secure their legacy for generations.
What’s missing in most family offices?
The greatest risk to the long-term sustainability of the family (family continuity) is the family! The dynamics within the family, most Family Offices give this ZERO attention.
I've learned from industry thought leader Matthew Wesley [Founder of The Lovins Group ] about the significance of a Chief Learning Officer role within the Family Office.
This position is crucial as it fosters growth in the family's capacity and capabilities.
In your view, how should Family Offices navigate the increasing gap between the haves and have-nots?
Imagine the unimaginable. Historically, when the gap between the wealthy and the less fortunate widens, it often leads to significant societal upheavals where the super-wealthy faces substantial consequences.
Many Family Offices may need to prepare for these challenges, so raising awareness and taking proactive steps is essential.
You were among the first to break through as a public figure and representative in the Family Offices. What steps are you taking to continue leading and innovating in the Family Office space?
I'm dedicated to advancing the field of Family Offices by sharing valuable insights and knowledge. I do this through FamilyOfficeTV and my new platform, Family Office MasterClass.
I aim to transform the industry and create a global resource that reshapes Family Offices' operations. A crucial part of my mission is to support families in achieving and maintaining their "Family Office" status.
Ultimately, my purpose extends beyond mere transition; it involves building a network of global connections that foster success and brilliance within the Family Office community.
Can you discuss how your “anti-victim mindset” guides your work in the Family Office arena?
The genuinely successful individuals I've encountered in this space don't make excuses or dwell on obstacles. They forge ahead regardless of the challenges.
I have a strong aversion to the victim mentality because it inhibits progress.
In the Family Office world, where resilience and adaptability are vital, embracing a victim mindset can be detrimental to both individuals and the family's legacy. I despise the victim mindset.
As a global thinker, how do you envision the role of Family Offices evolving in a rapidly changing global landscape?
In today's rapidly changing world, the role of Family Offices is at a crossroads. To truly thrive, Family Offices must aim for excellence. It starts with assembling the right team, establishing effective systems, and adhering to high standards. Embracing technological advancements is crucial, and staying current is non-negotiable.
Ultimately, the most critical asset in a Family Office is its people. As Ray Dalio wisely suggests, competence is vital, and ego should take a back seat. Family Offices must continuously improve and adapt, especially in times of crisis, to ensure their continuity across generations.
Please offer some actionable steps for Family Offices to think and act more globally.
Thinking and acting “globally” is essential. Family Offices should consider diversifying geographically and hiring professionals with international expertise.
Engaging legal advisors specializing in international law is vital. Building a solid international network offers valuable insights and collaboration opportunities.
Implementing strategies for asset protection in different jurisdictions is crucial. Cultivating adaptability as a core value within the Family Office is essential, as is upholding high ethical standards in international business dealings.
Reflecting on your prosperous history in the Family Office space, how do you think the industry has evolved since you first entered it?
Looking back at my journey in the Family Office space, it's remarkable how much the industry has transformed since my early days. Significantly, few people were familiar with SFOs back then, but today, I find myself speaking at universities and finance classes where almost everyone recognizes the concept.
The Single Family Office industry has grown into a massive $10 trillion sector, surpassing the significance of hedge funds. However, there's still work to be done. The industry requires more educational resources and a greater emphasis on intellectual development.
Many Family Offices have room for improvement and need help attracting young, talented professionals who often find more appealing opportunities in high-level finance, legal, or accounting positions. To thrive and evolve, Family Offices must become more appealing and competitive to attract and retain top-tier professionals.
What are some critical considerations for families looking to establish their own Single Family Office (SFO)?
Establishing a Single Family Office (SFO) is a significant undertaking, and there are critical considerations to remember. First and foremost, dedication to excellence in creating and managing the SFO is paramount.
It's an "all-in" endeavor, and the commitment to greatness is essential; otherwise, it may not be worth the time and energy.
Challenges and crises are inevitable, but a well-structured SFO should emerge stronger. Understanding that crises will occur is crucial. Bad Family Offices are destroyed by crisis, good ones survive, and great ones improve. While systems and legal considerations are essential, focusing on the right people is vital.
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After 17 years in the industry, what continues to fuel your passion for Family Offices?
My passion for Family Offices remains as strong as ever. I'm curious and committed to being a lifelong learner.
My desire to add value, educate, and make a lasting impact keeps me motivated. Every day presents new opportunities to share insights and contribute to the community.
Why do most Family Offices fail?
In essence, most Family Offices fail due to a lack of the right people. At the heart of the issue lies a lack of leadership, a failure to focus on family continuity, poor communication, neglect of the generations, and a lack of accountability.
It's fundamentally a people problem, not a financial one.
Part II. Angelo Robles Enterprises: Guiding Principles
Interested in being featured in a future edition of Family Office Growth News? Send inquiries to Ryan Austin.
Angelo, you pioneered the concept of MasterClasses in the Family Office space, and we've seen others try to imitate this with little success. What advice do you have for those who've tried imitations but still seek an authentic experience?
Indeed, I recognize Family Offices' challenges when seeking quality educational opportunities.
Recognizing that a genuine Family Office experience goes beyond direct deals, outdated structural ideas, or family governance in isolation.
The need of the hour is a more diverse and creative approach to Family Office education, free from commercialism.
What sets these masterclasses apart is the collaboration with a dream team of leading critical and creative thinkers. Each expert brings a unique perspective, contributing to a holistic and enriched learning experience for Family Offices.
Please elaborate on the range of topics that will be covered in your upcoming Masterclasses.
I'm offering a variety of MasterClasses to cater to the diverse needs of the Family Office community:
One of your MasterClasses focuses on sovereign risk and disaster preparedness for billionaires and Family Offices. Could you share some insights on why this is a critical topic for UHNWIs?
One of my MasterClasses delves deep into the critical topic of sovereign risk and disaster preparedness for ultra-high-net-worth individuals (UHNWIs) and their Family Offices.
This subject is not just important; it's downright essential. Chaos doesn't wait for anyone to get their act together. It strikes without warning, whether war, peace, economic booms, or catastrophic busts.
The risks don't stop there; they extend to political instability, the threat of war, onerous regulations, the rise of programmable digital currencies (CBDCs), inflation eroding your wealth, currency devaluation, government confiscation of assets, banking crises, monetary policy shifts, and the ominous specter of civil unrest. The time to act is now, before sovereign risks become glaringly evident, potentially multiplying your losses at a devastating rate.
Can you unpack the concept behind Angelo Robles Enterprises and its revolutionary aims in the Family Office space?
Angelo Robles Enterprises focuses on two primary platforms: Family Office Masterclass and FamilyOfficeTV. FamilyOfficeTV is a global platform for sharing insights about Family Offices, geopolitics, economics, and in-depth interviews with thought leaders.
It challenges the status quo and provides unique, non-generic content. Family Office Masterclass offers comprehensive and immersive learning experiences, addressing critical aspects of Family Office management. Both platforms aim to enrich the Family Office community and reshape the industry's landscape.
On FamilyOfficeTV — what role will this play in the next 12 months? What about the next 3-5 years?
FamilyOfficeTV is a broadcasting platform that allows me to share my thoughts on Family Offices, geopolitics, economics, and more. It also facilitates in-depth interviews with remarkable individuals, providing valuable insights.
The following year, I plan to expand my in-the-moment interviews globally, engaging with entrepreneurs, wealth creators, and Family Office executives. Over the next 3-5 years, I envision FamilyOfficeTV becoming an even more integral part of the Family Office community, offering diverse content and perspectives.
With a holding company active in deep tech, AI, Web 3.0, blockchain, AI, etc., how do these sectors influence the Family Office space?
My journey began early in deep tech, Web 3.0, blockchain, AI, and related sectors. I see the promise and potential of a future Web 3.0 economy, where blockchain technology, in tandem with cryptocurrencies like Bitcoin, can serve as diverse assets for families.
AI, in its current form, is rapidly evolving before our eyes. Family offices are way behind; they must catch up and leverage these technologies effectively.
Angelo, your interests are incredibly diverse. How do these varied pursuits enrich your perspective in the Family Office space?
While my passion for the Family Office community remains strong, I also cherish my personal life and diverse interests.
These pursuits allow me to unwind and find balance. For example, my upcoming dream trip involves traveling across the country on a motorcycle to Sturgis, South Dakota. I'm also looking forward to snowmobiling through Yellowstone this winter.
As an aficionado of cigars, music, and Jacuzzis, how do these leisure activities help you unwind?
You know what they say about all work and no play. Life should be more than just work. However, as an entrepreneur, sacrifices and discipline are often necessary. The idea of "work smart, not hard" is a bit of a misnomer; both aspects are crucial for success.
I have eclectic musical tastes. After a long hiatus this year, I'm picking up the guitar again. My music preferences span classic rock, folk rock, punk rock, old-school country, flamenco, 90s rap, salsa, blues, and, perhaps my favorite, southern rock.
After a grueling workout, a long and exhausting day, there's nothing quite like unwinding in an outdoor hot tub, especially when accompanied by a fine cigar.
Your eclectic background must offer a unique lens through which you view risk and opportunity. Could you elaborate?
I stay curious, always seeking to be bewildered. The key is to avoid complacency. There's no such thing as maintaining the status quo; you're either in a state of growth, learning, experimentation, or a gradual decline.
How have your experiences as the FOA Founder shaped your philosophy in the Family Office sector?
I love the journey. I was filled with curiosity and a deep hunger to learn and succeed when I began. I am grateful to the entire FOA community who supported me.
My time at FOA brought highs and lows. The COVID-19 pandemic taught me valuable lessons about the importance of adaptability.
Learning from our mistakes is how we grow. I've acquired a wealth of knowledge and insights. I look forward to contributing meaningful work to the community for many more decades.
Humility in leadership is a quality you've spoken about. How has its significance evolved in your career?
Humility in leadership has been a cornerstone of my philosophy. Its significance has only grown throughout my career. If we don't embrace humility willingly, life has a way of teaching it to us eventually.
Maintaining a lifelong learner mindset and seeing oneself as a perpetual student can yield remarkable results.
It's important to remember that we can't measure ourselves against others. Instead, the focus should be on becoming the best possible version of ourselves. This journey is personal; only we can take those steps towards growth and self-improvement.
We hope you found this exclusive Q&A with Angelo Robles enlightening and actionable. His insights offer a practical roadmap for those navigating the multifaceted world of family offices, and his influence in the sector is undeniable.
Angelo's new ventures promise to enrich the family office landscape further, providing valuable resources and perspectives.
For further engagement or collaboration opportunities, Angelo can be reached at his website angelorobles.com, and by email at angelo@angelorobles.com.
Family Office Monthly Pulse: September 2023
As we step into the final quarter of 2023, the role of family offices in shaping the global financial landscape is more pivotal than ever. Let's dive into this month's key insights, starting with a transformative trend emerging from Australia.
1. Australia's Family Offices: The New Powerhouse for Early-Stage Startups 🌍🚀
In Australia, family offices are becoming a significant force in early-stage startup funding. A recent KPMG report highlights the sector's rapid growth, with 57% of family offices established in the last decade. These offices are not just managing generational wealth but are also becoming key players in nurturing the Australian startup ecosystem. With 40% of family offices actively hiring, the sector is ripe with opportunities.
2. UAE's Family Offices Fueling Economic Surge 🌐📈
The ultra-wealthy in the UAE are set to inject a staggering $500 billion into the economy by 2026. Family offices in the region are pioneering performance-based compensation models and are backed by government programs tailored to foster family enterprises. With a forecasted 46% growth in financial wealth, the UAE is becoming a hotspot for family office investments.
3. Family Office World Podcast: A Masterclass in Alternative Investments 🎙️🌟
In a riveting episode of the Family Office World Podcast, hosted by Ronald Diamond , Marc Lipschultz , Co-Founder of Blue Owl Capital , offers a deep dive into the world of Alternative Investments.
Marc discusses his career journey, from his early days at KKR to the founding of Owl Rock Capital and its evolution into Blue Owl Capital, a powerhouse with over $160 billion in AuM. The firm stands as a leader in the multi-trillion dollar alternatives market, specializing in principal preservation and providing bespoke capital solutions, primarily to the private equity industry.
Highlights:
This episode is a must-listen for anyone interested in the evolving landscape of private equity and alternative investments.
📩 Don't miss out on next month's pulse! Subscribe now.
Closing
Thank you for joining us for the September 2023 edition of Family Office Growth News. As we usher in the fall season, we've explored a diverse range of topics that are shaping the Series A landscape and the Family Office community.
We were particularly honored to feature an in-depth Q&A with Angelo Robles, a true innovator in the Family Office space. His insights serve as a roadmap for navigating the complexities of modern wealth management and underscore the value of proactive strategies in an uncertain world.
Your voice matters to us. For those who wish to contribute to the conversation, we invite you to leave a comment below, or DM Ryan Austin with your feedback.
Stay tuned for our October 2023 edition, where we'll bring you more exclusive interviews, in-depth analyses, and timely updates.
Best regards,
Ryan Austin
Founder, Arondight Advisors
Email: Ryan@ArondightAdvisors.com
Disclaimer: This publication is created and distributed by Arondight Advisors and may not be construed as investment advice. This newsletter does not provide an analysis of any company’s financial position and is not a solicitation to purchase or sell securities in any company. Arondight Advisors an investment research and marketing firm, and not a registered broker dealer.
Serial Entrepreneur🔹Technologist🔹Quantitative Trading 🔹 Inventor 🔹 Renaissance Mind 🔹Poliglot 🔹Polimat 🔹Bio-Tech 🔹Blockchain 🔹Arhitect🔹
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thanks for sharing this!
Expert in family enterprise, alternatives, mergers | LinkedIn Top Voice | Avestix (SFO) | Family Business Audiocast | RAS Capital Partners | Salomon Brothers | Columbia Business School - 10x BOD | led $1B directs
1yThanks for adding me. Fresh thinking.
Faith/Family/Finance/Fun | Boutique Private Real Estate Credit Solutions Provider | Specializing in PRIVATE OPPORTUNISTIC CREDIT and SPECIAL SITUATIONS | Father of 2 | #1 Jeep 🚙 Off-roader in the F.I.R.E industry
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