Christina R. Wing

2 weeks ago | craincurrency.com | Christina R. Wing |Marcus Baram

Jeff Collins is managing partner at Cloverlay, an independent asset manager in Conshohocken, Pennsylvania, that focuses on a new segment of private equity for institutional and family office clients. He spoke with Crain Currency about what it takes for family offices to succeed in direct deals and how family offices can better position themselves as co-investors. You have $2 billion under management and an interesting mix of assets. Tell me more about that mix.

1 month ago | hbr.org | Christina R. Wing

Family businesses often operate on trust and inherited roles, but without formal policies, they risk misaligned expectations and legal ambiguity. The Rossis, a third-generation family in the hospitality industry, faced a crisis when a cousin who worked in the business divorced, and this incident highlighted the need for clear governance structures. Implementing formal policies on ownership, employment, and marital agreements, as the Rossis subsequently did, can protect family businesses from unnecessary risks and ensure long-term success.