E344: How the Top Family Offices are Investing Today
What if the families with the largest fortunes generate the highest returns not by chasing hot sectors, but by pacing capital, managing liquidity, and investing with a multi-decade horizon? In this episode, I sit down with Douglas Evans, Chief Investment Officer & Partner at Callan Family Office, to explore how a $10B family office approaches private markets like an institutional investor. Doug shares how private capital pacing, vintage year diversification, and strategic GP partnerships drive consistent performance, why continuation vehicles and secondary markets are reshaping liquidity, and how focusing on underlying assets rather than labels helps families build repeatable, long-term returns.
Highlights:
- Managing private capital pacing to capture the best vintages
- Balancing taxable versus non-taxable investment strategies
- Navigating declining DPI in venture and growth funds
- Continuation vehicles and secondaries as tools to unlock liquidity and optimize returns
- Building strategic GP relationships for first-look co-investment opportunities
- Investing in underloved sectors like enterprise security and infrastructure
- Doug’s advice: focus on alignment, patience, and long-term perspective to generate outsized outcomes
Guest bio:
Douglas Evans is Chief Investment Officer & Partner at Callan Family Office, overseeing $10B in assets for ultra-high-net-worth families. He specializes in portfolio construction across public and private markets, private capital pacing, tax-aware investing, and cultivating long-term GP relationships to deliver repeatable, institution-like performance.
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Sponsor:
AlphaSense is the AI-powered market intelligence platform trusted by 85% of the S&P 100, helping investment professionals make faster, more confident, data-driven decisions. Built for hedge funds, asset allocators, private venture capital firms, and investment bankers, AlphaSense uses advanced AI and powerful search across premium proprietary content to surface the insights that matter most—before the market moves. Elevate your research and stay ahead of the competition. Visit https://www.alpha-sense.com/howiinvest/ to learn more.
Stay Connected with David Weisburd:
X/Twitter: @dweisburd LinkedIn: https://www.linkedin.com/in/dweisburd/ Weisburd Capital: https://www.weisburdcapital.com/
Stay Connected with Douglas W. Evans:
LinkedIn:https://www.linkedin.com/in/douglas-evans-73372310/
Questions or topics you want us to discuss on How I Invest? Email us at [email protected].
Disclaimer:
This podcast is for informational purposes only and does not constitute investment, financial, legal, or tax advice. Nothing in this episode should be interpreted as an offer to buy or sell any securities or to participate in any investment strategy. All opinions expressed by the host and guests are their own and do not represent the views of Weisburd Capital. Participants may hold positions or have financial interests in the companies, funds, or investments discussed. Any references to specific investments are for illustrative purposes only. Investing involves risk, including the potential loss of capital. Past performance is not indicative of future results, and any forward-looking statements are subject to risks and uncertainties. Any third-party data or opinions have not been independently verified. Listeners should conduct their own research and consult their own advisors before making any investment decisions.
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Transcript
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