Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Ultra-Wealthy Families Use Family Offices for Direct Investing
In this episode of The High Net Worth Podcast, Lucas and Luna explore how ultra-wealthy families are bypassing traditional fund managers and building their own direct investment platforms through single-family offices. Using the example of the $300 billion Cargill-MacMillan clan—whose family office, Waycrosse, now manages over $45 billion—they break down the economics, the tax advantages, and the governance structures that make direct deals possible. Lucas explains why the shift from fund investing to direct co-investing has accelerated since 2022, with family offices now doing 40% of all…
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