The Hidden Cost of Too Many Partners copertina

The Hidden Cost of Too Many Partners

The Hidden Cost of Too Many Partners

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Family offices avoid complex cap tables not because they're unsophisticated — but because they've learned that coordination costs compound during distress. Too many partners creates fragility.

When deals go sideways, every additional partner is a potential veto, a competing interest, a source of delay. The governance burden of a crowded cap table is invisible in good times and catastrophic in bad times.

Key topics: cap table complexity, family office co-investment, partnership dynamics, governance risk, distressed asset management, coordination costs, deal structuring, family office deal terms.

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

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