Progressive family offices are moving to the forefront when it comes to investing. To increase control and reduce fees, direct investment and co-investment are gaining favor when compared to traditional limited partnership investments. But with this, family offices need to shift focus to deal acquisition, due diligence, portfolio company improvement and monitoring, and internal governance. Leveraging the expertise of our private equity group, CohnReznick brings deal-based acumen and experience to family office relationships. Our team is a valuable strategic partner in matching the business and philanthropic goals of family offices with the appropriate financial and operational architecture.
OWNER-OPERATOR AND PRIVATE EQUITY-CONTROLLED COMPANY EXPERTISE
With a wide purview of of financial, operational, and market issues, we enable family offices to maximize value, plan for future generations, and mitigate risk. Our approach is supported by an extensive network across key industry sectors and is focused on owner-operated and private equity controlled companies.
As a family office grows in size and complexity, successful risk management becomes more critical. CohnReznick’s governance, risk and compliance professionals will help ensure that the structure of your organization, its internal controls, and its decision-making policies continue to meet family member, stakeholder, and regulatory requirements.
A COMMITMENT TO INNOVATION
When family offices take on a direct investment strategy, ensuring that operations are running efficiently and performance is maximized is important. This new role may require fresh thinking. Our Innovation Lab is an environment conducive to idea generation and collaboration. Guided by expert facilitators from our advisory team, we’ll explore and validate solutions to create value, reduce risk, and improve processes throughout the private equity workflow.
Leading publications such as The Wall Street Journal, PEHub, Reuters, and PitchBook rely on our insights when covering the private equity and venture capital industries. Family office clients access our proprietary research including our yearly Middle Market Private Equity Outlook; our annual video series on strategies to accelerate private equity growth; and analysis of emerging trends such as the growth of family offices.
FAMILY OFFICE AND PORTFOLIO COMPANY COMPLIANCEThrough all phases of your growth and development, we provide end-to-end services that include compliance and employee benefit plan audits, cybersecurity, SOC 1, 2, and 3 examinations, IT audit and controls reviews, and tax compliance and preparation at the federal, state and local, and international levels. At the portfolio company level, we offer industry-focused audit, and tax solutions based on sound fiscal policies and strict adherence to all regulatory and reporting requirements.
DIRECT INVESTMENT TRANSACTIONAL ADVISORYAn objective viewpoint is invaluable when your goal is to maximize stakeholder value for buyers and sellers. All facets of the acquisition need to be scrutinized and potential risks surfaced for evaluation. Our financial and tax due-diligence process examines a target’s cash flows, tax history, and working capital to uncover potential risks, unseen costs, and operational weaknesses.
OPERATIONS IMPROVEMENTOur collaborative process identifies and implements strategic advisory services that help family offices and their portfolio companies improve performance, profitability, and security. These highly specialized services include:
- Business intelligence and data analytics
- Business transformation
- IT strategy and consulting
- Office of the CFO advisory
- Digital and e-commerce assessment
- EBITDA improvement at portfolio investment
- Post-transaction performance improvement and integration consulting
- Special purpose investment vehicles and co-investment planning