Family Office Conversations with Fexingo: Wealth Management, Inheritance, and Generational Capital

In this episode of Family Office Conversations with Fexingo, Lucas and Luna explore the niche but lucrative world of aircraft lease investing. They focus on a real-world case: in early 2026, a multi-family office consortium purchased a portfolio of 12 narrow-body aircraft on lease to three Asian carriers, generating an annualized yield of 9.2 percent. Lucas breaks down the mechanics — how sale-lea...

Lucas and Luna explore the booming market for music royalty acquisitions by family offices. With over $5 billion in catalog deals in 2025, family offices are competing with major funds like Hipgnosis for publishing rights and master recordings. The episode focuses on the case of the $1.2 billion acquisition of Queen's catalog by Sony Music in 2024, and how a single-family office structured a co-in...

Episode 55 of Family Office Conversations digs into a quiet corner of alternative assets: mineral rights. Lucas and Luna explore how family offices are buying subsurface oil, gas, and lithium rights, using the Permian Basin as a case study. They break down the numbers behind a typical deal — acquiring mineral acres for passive royalty income — and discuss the tax advantages, like depletion deducti...

Family offices have traditionally shied away from SPACs, but the 2026 landscape has shifted. Lucas explains how a new breed of 'permanent capital' SPACs is attracting family office capital, using the example of the $3.2 billion 'Evergreen Acquisition Corp' that recently listed on the NASDAQ. Luna probes the differences from the 2020-2021 frenzy, and the hosts break down the specific terms — includ...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna explore the Section 83(b) election — a tax strategy that allows founders and early employees at startups to pay ordinary income tax on restricted stock at grant rather than at vesting. They walk through how a hypothetical founder at a rapidly growing AI startup could save millions by electing early, using concrete numbers:...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna explore how single-family offices are entering the voluntary carbon credit market. They break down the difference between compliance and voluntary credits, explain why some offices are paying $15 to $50 per ton for high-quality removal credits, and highlight a real-world example: a $200 million family office in Zurich that...

This episode explores why family offices are increasingly turning to venture debt as a lower-risk way to gain exposure to high-growth private companies. Lucas and Luna break down the mechanics of venture debt—how it differs from traditional bank loans and equity financing—and discuss a real-world example involving a late-stage fintech company that borrowed $50 million at an interest rate of 12 per...

Episode 50 of Family Office Conversations with Fexingo. Lucas and Luna explore the fast-growing trend of family offices acquiring water rights in the American West. With data from the 2024 USGS water-use report and the recent $1.2 billion purchase of Colorado River water rights by a consortium of single-family offices, they examine the legal framework of prior appropriation, the difference between...

Lucas and Luna explore the growing trend of family offices allocating capital to fine wine as an alternative asset class. They examine the case of Liv-ex, the London-based wine exchange that tracks over 10,000 wines, and discuss how a $500,000 allocation to the Liv-ex Fine Wine 100 index performed over the past decade. The conversation covers the key drivers of wine investment returns — including...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna explore the world of life settlements—the secondary market for life insurance policies. While episode 41 covered buying individual policies, this episode focuses on how ultra-wealthy families are building diversified portfolios of life settlements as an institutional-grade asset class. They walk through specific numbers: a...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna dive into the world of aviation finance—a niche asset class that family offices are increasingly using to diversify beyond traditional stocks and bonds. They explore a specific case: the 2025 sale-leaseback of five Airbus A320neos by a Singapore-based family office that generated a 9.2% net annual return over six years. Lu...

Episode 46 of Family Office Conversations with Fexingo digs into the direct secondary market—where family offices buy and sell stakes in private companies directly, bypassing traditional fund structures. Lucas and Luna explore a concrete example: a multi-family office in Zurich that purchased a $40 million stake in a Swiss industrial automation firm from a retiring founder. They discuss how direct...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna explore the growing trend of litigation finance as an alternative asset class for family offices. They discuss how third-party funding of commercial lawsuits offers uncorrelated returns, with case studies like the $2.5 billion Pfizer patent settlement and the $800 million Burford Capital v. Argentina award. Lucas explains...

Lucas and Luna explore why ultra-high-net-worth families are allocating 5 to 15 percent of their portfolios to farmland. They break down the numbers behind a 12 percent annual return from row crops since 1990, the role of carbon credits, and how the USDA keeps land values stable even when grain prices fall. Luna asks whether the liquidity lock-up is worth it, and Lucas walks through a concrete exa...

In episode 43 of Family Office Conversations, Lucas and Luna explore the growing interest among family offices in tax lien investing — a niche asset class that offers double-digit yields backed by municipal governments. Lucas breaks down how tax liens work, the difference between lien and deed states, and the real-world case of a single-family office that deployed $150 million into tax liens in 20...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna explore how family offices are approaching digital art and NFTs in 2026 — after the hype cycle has cooled. Lucas explains why some family offices are now quietly buying blue-chip NFT works from artists like Beeple and Pak, treating them as digital collectibles with provenance rooted on the blockchain. He shares data on the...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna explore the growing trend of family offices purchasing life insurance policies on the secondary market — a strategy known as life settlements. They dive into the mechanics, the returns, the risks, and why this $5 billion market is attracting sophisticated capital. Lucas explains how policies are valued, the role of life ex...

Family offices are increasingly allocating capital to early-stage artificial intelligence startups, seeking direct exposure to the next wave of innovation. In this episode, Lucas and Luna examine a specific case: a single-family office in London that committed $15 million to a foundation-model company building specialized AI for drug discovery. They discuss the due diligence process, the typical t...

Lucas and Luna explore how single-family offices are treating high-end mechanical watches as a portfolio asset class. They walk through the ecosystem of watch-backed lending at rates from 4 to 8 percent, the rise of specialized storage and authentication vaults, and the tax treatment of watch collections as capital assets versus collectibles. A case study on the Patek Philippe 1518 in steel illust...

Episode 38: Lucas and Luna explore a growing trend among single-family offices: financing entire film production slates rather than individual movies. They break down the economics using the example of a mid-sized family office that partnered with a boutique production company to co-fund a slate of 10 independent films. Lucas explains the risk pooling, the tax advantages of film investment through...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna dive into how sophisticated family offices are using structured notes to protect principal while still capturing upside in volatile markets. They break down a real example from June 2026: a buffered note linked to the S&P 500 offering 100% downside protection on the first 15% loss and capped upside of 12%. Lucas explains t...

In this episode of Family Office Conversations, Lucas and Luna explore the surge in family office allocations to private credit. They examine a specific case: a single-family office with $800 million in assets that has committed 22% of its portfolio to direct lending, private credit funds, and distressed debt. The hosts break down how this office structures deals, negotiates covenants, and manages...

In this episode, Lucas and Luna dive into the booming market for music catalog acquisitions, a niche that family offices are increasingly targeting for its stable, inflation-linked cash flows. They focus on the 2025 acquisition of a 50% stake in the publishing rights of a major songwriter by a European single-family office, valuing the catalog at over $200 million. The conversation explores the me...

In this episode of Family Office Conversations with Fexingo, Lucas and Luna explore the growing trend of family offices investing in music royalties as an alternative asset class. They anchor the discussion on the 2025 acquisition of a $200 million catalog by a single-family office, breaking down how these deals work, the due diligence involved, and the risk-return profile compared to other altern...

Lucas and Luna explore how family offices are adopting direct indexing — owning the individual stocks in an index rather than buying an ETF — to harvest tax losses at scale. They walk through a specific case: a $50 million portfolio that generated $2.1 million in tax-loss harvesting benefits in a volatile first half of 2026. The conversation covers the technology behind direct indexing, why it has...