Thomas Carter

The Capital Stack

The Capital Stack is a daily briefing for anyone raising or allocating private capital — fund managers, family offices, institutional investors, and trusted advisors navigating the full investor landscape. Each episode delivers a single actionable insight about how capital actually moves: how pensions and endowments make decisions, what insurance companies really want, how sovereign wealth funds operate, why family offices optimize for control over returns, and how retail capital is reshaping private markets. Deep dives on institutional investors, life insurance companies, sovereign wealth fun...

Autor

Thomas Carter

Categoría

Business

Último episodio

20 de mar. de 2026

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Episodios

Why Family Offices Optimize for Control, Not Returns 29.12.2025

Why do family offices consistently sacrifice IRR to maintain control? It's not risk aversion — it's how generational wealth survives. Control is the mechanism that preserves capital across decades. This episode examines why sophisticated family office investors lead with governance rights, board seats, and co-investment structures rather than chasing returns. Essential listening for GPs raising ca...

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