Whats a family office?
Heard that some family offices just buy out companies and optimise them then have an exit strategy i.e. go public sell to large cap PE or sell it for parts if it didn't go to planned, all that typical PE stuff just that they're self funded. Is this the case? Just one rich guy who 'invest' their money like a fund but with their own money and have a small team of experts and counsel?Heard its in CRE real estate as well.The term 'family office' gets thrown around a lot just want some real opinions on its actual meaning and biz activities.