As financial conditions tighten and investor scrutiny intensifies, firms that can clearly articulate their value-creation story—and consistently deliver on it—are best positioned to succeed as the market recalibrates. The U.S. Private Equity Report: 2026 Insights—one of the industry’s largest global surveys, capturing perspectives from 800+ professionals, including 150+ U.S. respondents—examines how leading private equity firms are adapting to drive growth amid uncertainty.
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Grounded in humanity’s enduring drive to improve living standards, the Perpetual Growth Machine (PGM) framework offers investors a powerful tool to shape their investment strategies. By focusing on why and how economic growth occurs, PGM helps investors identify and assess opportunities that emerge alongside long-term growth. William Blair & Company illustrates this approach in detail—outlining the conditions that support growth, addressing common objections, and presenting real-world examples.
Most Wall Street innovations fail taxable investors by ignoring taxes, layering on complexity, and charging exorbitant fees. They are products in search of a buyer rather than solutions to real problems. Long-short direct indexing, like the index fund and ETF before it, is different: aligned incentives, transparent and reasonable costs, and a clear, measurable benefit. For the ultra-high-net-worth and family office investors, it can turn market volatility into a sustainable source of after-tax outperformance—something Wall Street has long failed to provide.
The article delves into key ideas from the Private Family Capital Blueprint in “The Challenges & Opportunities Facing Private Family Capital Today.” It highlights how families can preserve generational wealth through a clear Family Vision and disciplined investment strategy, focusing on maintaining purchasing power amid inflation, taxes, and monetary debasement, and leveraging scarce, owner controlled assets to protect long-term value.
Begin the new year with clarity and confidence. Family Office Exchange’s first public webinar of 2026 goes beyond reflection; join us to discuss how FOX is equipping visionary leaders with the foresight and tools to navigate what’s next. FOX experts will deliver a briefing on the defining forces of 2026 and beyond and discuss a broad range of strategic, technical, and qualitative topics shaping family offices and family wealth in the year ahead.
Investment Manager Research Roundtable 2026
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In this roundtable discussion, NEPC’s investment research leaders share their perspectives on market conditions, investment management trends, and strategic priorities for 2026. Drawing on deep experience, they explain how they evaluate manager track records, reassess underperformance, and distinguish meaningful signals from market noise. They also discuss what they’re seeing on the ground—from capital allocation shifts to the growth of private wealth—and offer guidance on key risks and how to approach the year ahead.
The Private Family Capital Blueprint
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Despite its powerful and flexible nature, PFC is commonly invested within isolated ecosystems that limit its full potential. Further, family offices, multigenerational families, and other stewards of Private Family Capital (“PFC Investors”) frequently adopt the strategies and approaches of institutional funds, pensions, endowments, and corporations, often without fully considering the unique advantages available to them.
In an age of change and continued evolution of the family wealth environment, 2025 was a year marked with the need for sound practices and steady guidance. Looking back and looking forward, Family Office Exchange’s (FOX) Year in Review highlights key insights on:
Asset allocation is integral to the success of any investment portfolio, and it is among the most important decisions an investor will make. In this discussion, NEPC Asset Allocation Team pulls back the curtain to offer behind-the-scenes glimpse of the issues and themes at the forefront of their investment meetings.
2025 FOX Private Family Capital Investment Public Research Brief: Building Value Amid Uncertainty
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The FOX Private Family Capital Investment Survey (PFCIS) brings together the perspectives of over 150 family offices worldwide, sharing thoughts of family office investment teams across the globe, including sentiments about the market, direct investing, impact investing strategies and the family operating businesses, to aid with benchmarking performance and inform decision making. It goes beyond traditional family office investment strategies by introducing the Enterprise Capital approach, capturing how family offices actually approach wealth creation and preservation.