I am writing as the son of a successful father whose enormous shadow I have tried to wiggle out of for much of my professional life. I write this from a personal perspective of watching my first generation of wealth creators struggle to involve their next-gen in the family business.
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The ability of private debt strategies to provide a significant yield premium to traditional assets with a higher level of covenant protection will be discussed when Russell Investments introduces its new Private Markets Income Fund at the virtual Campden Wealth Corporate Member Grill on 20 April.
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Anheuser-Busch, Champagne Taittinger, Malt-O-Meal and The Wall Street Journal are some illustrative examples of the behaviour of family owners relinquishing the control of the business, not without expressing regret after the sale.
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Covid-19 did not affect all European commercial real estate in the same way—hotels and non-food retail assets were particularly affected, but leasing activity in logistics was very resilient.
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