The Real Reason Families Avoid Blind Pools

Family offices don't avoid blind pool funds because of fees. They avoid them because blind pools require surrendering the one thing family capital values most: the ability to say no.

This episode unpacks why families demand co-investment rights and deal-by-deal optionality — and why flexibility is worth more than fee savings when capital is measured in generations, not quarters.

The Capital Stack — a daily briefing for family offices, next-gen principals, and trusted advisors who allocate long-term private capital.]]>