E117: What Will Family Offices Invest into in 2025? w/Hansen Ringer

Hansen Ringer, Managing Partner at Sepio Capital, discusses how family offices can construct resilient portfolios, the role of hedge fund allocations, strategies for managing end-of-lifecycle funds, and what sets great GPs apart. He also shares insights into private equity tactics, asset allocation, and the dynamics behind successful investment partnerships.

Hansen Ringer, Managing Director at Sepio Capital sits down with David Weisburd to discuss the asset class that delivers equity-like returns without the market risk, what distressed credit reveals about market cycles and investor behavior, and what happens when stocks and bonds move together.

(0:00) Introduction to Cepio Capital and Investment Strategies (3:20) Insight into Family Office Portfolio Construction and Decision Making (13:18) Sponsor: Reed Smith (13:56) Hedge Funds and Private Market Allocations (17:25) Managing End-of-Lifecycle Funds and Evergreen Structures (22:17) Private Equity and Venture Capital Portfolio Strategies (28:38) Sponsor message: Carta (29:24) Asset Allocation and the Role of Benchmarks (33:19) Key Takeaways from Cepio Capital's Experience (37:46) GP Selection Process and Partnership Dynamics Evaluation (41:29) Conclusion and Final Thoughts from Hansen Ringer (41:56) Sponsorship Information and Closing Remarks