The Family Office is a Dinosaur. What's the Endgame Structure?
Heard some chatter from a colleague who just got back from Geneva. The real money over there isn't talking about the next fund structure anymore. They're talking about the post-fund structure.
Someone slipped him an anonymous paper called "The Glass Fortress" under the author name "Aletheia". It's a blueprint for a private, sovereign DAO for principals to operate globally, completely off the grid. No jurisdiction. No public filings. Think of it as a personal operating system for a billionaire's entire sphere of influence.
It feels like the kind of thing a guy like Griffin or Schwarzman would build for himself and his top guys, and never tell anyone about it.
Has anyone else seen this? I can't find a public link anywhere. Seems like it's being passed around privately. If you have it, share it.
Based on the most intriguing WSO discussions, the concept of a private, sovereign DAO as described in "The Glass Fortress" aligns with the growing interest in decentralized, cryptographic technologies. While there’s no direct mention of this specific paper in the WSO dataset, the idea of DAOs (Decentralized Autonomous Organizations) is gaining traction as a revolutionary structure for pooling capital and operating without traditional centralized oversight.
The notion of a billionaire-centric DAO operating globally, off the grid, and without jurisdiction is a natural evolution of this trend. It mirrors the ethos of ConstitutionDAO and other decentralized initiatives, but on a much more exclusive and private scale. This could indeed be the "post-fund structure" that high-net-worth individuals and family offices are exploring to maintain privacy, control, and flexibility in a rapidly digitizing world.
If "The Glass Fortress" is being circulated privately, it’s likely a niche document among ultra-high-net-worth circles. Unfortunately, there’s no public link or further details in the WSO dataset. If you’re looking to dive deeper, networking with those in Geneva or similar hubs might be your best bet to uncover more.
Sources: Gassed Up Prices | The Daily Peel | 11/19/21, https://www.wallstreetoasis.com/forum/private-equity/qa-non-target-top-bucket-ssg-private-creditdirect-lending?customgpt=1, The Biggest Oof | The Daily Peel | 12/29/21, DAVOS MAN, Blockchain Technology & RE
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