Justin Mitchell
Why this is important: as the first big OZ deadline approaches, it is important for family offices to invest wisely. Despite the buzz, some investment professionals remain cautious on opportunity zones, even as the first major deadline for investors to drop their capital gains into a fund looms. “We have looked at a lot of opportunity […]
Why this is important: experts and investors agree community engagement is critical to making the OZ program work. When Grey Dodge and Erin Gillespie were working in the Florida state government, it was their job to select which of the state’s census tracts would become opportunity zones, offering a series of tax breaks to investors […]
Why this is important: Global Realty Capital says it controls more capital than the GDP of some countries. Kamil Homsi, founder and CEO of Global Realty Capital, sees the U.S. as the best place to invest the wealth of his clients, all of whom are from the six Gulf Cooperation Council countries: Kuwait, Bahrain, the United Arab Emirates, […]
Why this is important: a transformation in the rental car market could provide major investment opportunities. When Christopher Zook, chairman and CIO of CAZ Investments, recently told Buyouts his firm was betting on Uber stock after its disappointing IPO, he was highlighting one of CAZ’s most prominent themes: transportation. “We love the space,” Zook told Buyouts. “We […]
Why this is important: Pritzker Private Capital has more in the works in the healthcare space. Michael Dal Bello, a Pritzker Private Capital investment partner focused on healthcare, sees further growth for portfolio company PathGroup, which in May acquired Dallas-based Pathologists Bio-Medical Laboratories. “We’ve got a couple new things that we’re working on as we speak,” Dal Bello told Buyouts. […]
Why this is important: families in the Middle East are seeking more direct investments. Abhishek Sharma, founder and CEO of Foundation Holdings, the Dubai investment firm focused on the GCC region and India, sees the 2008 financial crisis as a learning experience for family offices in the region. “It created a severe dent in the trust […]
Why this is important: opportunity zones have generated a lot of excitement, but not that many investments so far. Amid the excitement over Opportunity Zones at the second day of Buyouts Insider’s Family Office Connect conference in New York, some doubts about OZs as they are currently constituted seeped in. Chris Milner, head of real estate […]
Why this is important: Many families move slowly from passive LP investors to direct investments Family offices usually result from families selling off profitable businesses. Cordish Private Ventures, founded in 1998, is different — it is just one part of Cordish Cos, a family enterprise still active in its core real-estate-development business, as well as gaming […]
Why this is important: Chaifetz Group believes the Midwest venture capital market is “overlooked,” and finds it easier to find value there. Chaifetz Group is based in Chicago, on one of the seven floors in NBC Tower claimed by ComPsych, the employee-assistance-program provider founded by Richard Chaifetz and the source of the wealth this multibillion-dollar single-family […]
Why this is important: Family offices show widespread interest in OZs — but displacement of longtime residents is a concern Opportunity zones have made a huge splash in the wealth-management and family-office space. Firms are moving full speed ahead to take advantage, with some calling the enabling U.S. law a once-in-a-lifetime opportunity. While the law is part […]