Matt Farrell, Senior Investment Manager at WE Family Offices, sits down with David Weisburd to discuss how families with $50M-$1B+ invest their capital. They also cover balancing risk tolerance and liquidity needs, where alpha is in the market today, and characteristics of an ideal private fund manager.  The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co -- X / Twitter: @wefamilyoffices (WE Family Offices) @dweisburd (David Weisburd) -- LinkedIn: Matt Farrell: https://www.linkedin.com/in/mattfarrell1/ WE Family Offices: https://www.linkedin.com/company/we-family-offices/ David Weisburd: https://www.linkedin.com/in/dweisburd/  -- LINKS:  WE Family Offices: https://www.wefamilyoffices.com/ -- Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at [email protected] -- TIMESTAMPS: (0:00) Episode preview (0:51) Overview of WE Family Offices (3:05) Typical family office portfolio construction (6:12) Behavioral finance and illiquidity as a feature (9:36) Investment strategies for ultra high net worth families (13:33) Manager selection attributes and importance of transparency (16:22) Diligence process for spin-out managers (18:24) Approach to venture capital as an asset class (21:14) Follow & subscribe to The 10X Capital Podcast (21:34) General guidance on co-invest (23:37) Value-add for venture capital managers (25:07) Hierarchy of the reference process -- DISCLAIMER: This communication contains the current, good faith opinions of the authors but not necessarily those of WE Family Offices, LLC. This communication is meant for informational purposes only and should not be considered as investment advice, an offer of any security or service for sale or a recommendation of any type and does not constitute the provision of investment, legal or tax advice to any person. Opinions provided are at a point of time and may change due to future events. WE Family Offices LLC is a registered investment adviser with the SEC. Any information provided in this communication that is inconsistent with the disclosures on the Form ADV registration documents, that is publicly available information on the SEC’s IAPD website, the Form ADV disclosures take precedent and should be relied upon only. Registration with the SEC does not imply any level of skill or training.