Why Billionaires Invest Differently w/Robert Blabey

So you were the CIO of several family offices before starting a line. What gap did you see in the market that led you to start a line in 2014?

I feel like family offices are the only um sort of large industry I'll call it participant that I'm aware of that you can't sort of evaluate the business from the outside. What we saw when we started a line was that, you know, often times there was a mismatch between what the family hoped to get from their family office and what their goals were and what their internal resources allowed for. And so I come from a institutional background originally and you know a lot of these groups quite frankly have institutional level capital and they don't always have institutional level resources and so were it to be a commercial business I think they would probably run themselves very differently and these are these are intentional decisions that are made by the families and there's no it's it's not to say that there's a negative to it but there is a business opportunity we felt uh in that um in that space and so that's uh what what we started a line to to address and that was you 2014, so a while ago.

And how would you describe Alliance's value proposition in a sentence or two? What what is it that Allian does exactly?

Align started out originally, I'll call it, as a as an adjunct or sort of a specialist in that category between where family offices uh head desires and and lack the resources to accomplish their goals. And so that's really where we started. And the way align now has evolved and starting in 2019 evolved very like in a very deliberate fashion was um through now an investment platform uh fund business uh that um that currently has just uh just three limited partners, myself, my partner and a line and another family.