Why Families Accept Lower IRRs for Better Information

Information isn't just nice to have — it's a form of risk management that families will pay for through lower expected returns.

When you have real-time visibility into operations, you can intervene before problems compound. The IRR difference is the insurance premium for governance visibility. Family capital doesn't pay for returns. It pays for the right to know.

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