Family office operating model — what changes when the office grows up
A family office set up around a founder rarely survives the second generation without a deliberate operating rebuild. What has to change, and what should not.
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Principal investment vs fund management — the difference that survives a decade
Why the structural difference between principal investment and fund management changes every decision: capital source, clock, accountability, exit.
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Principal capital, held in our own name
How a private operating discipline outperforms a fund structure. The mechanics of investing off the group balance sheet, in Kaelo Global’s name, with no fund clock.