PE/VC Investing Insights from Family Office Backed Fund-of-Fund

In buyouts, you have capped upside and unlimited downside. So you'd better be damn sure the strategy works again and again.

Joel Sandhu · on the risk profile of buyouts

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50 / 50Typical US–Europe split; 70–30 US–Europe for some Middle Eastern clients

30–35%Technology allocation, with 15–25% healthcare and the rest in industrials, business services and consumer

2x / 2.5xNet performance filter, 2x for larger funds, 2.5x for smaller ones

5Managers per year, with a new fund every two years

ABOUT THE EPISODE

Rohit Yadav sits down with Joel Sandhu, Partner and Co-Founder at Investors Capital, who co-founded TopTier Access, a fund-of-funds manager backed by leading Belgian family offices. With a clear shift away from venture capital into disciplined, mid-market buyouts, Joel shares how TopTier Access is designing a smarter, more durable playbook for private market exposure.

From frothy VC dreams to dependable buyout outcomes, this is an insider's guide to how LPs are thinking today.

You'll learn:

Why venture capital's risk-return tradeoff doesn't always make sense for family offices.
How TopTier Access structures vintage-diversified portfolios for optimal resilience.
Why the obsession with "replicability" defines their fund manager selection.
The mid-market gold rush, and why mega-cap buyout funds may be past their prime.
The real story behind co-investments, and why most fund-of-funds are chasing the wrong alpha.
How Joel screens for quality GPs using everything from MOIC distributions to C-suite interviews.

We also unpack:

The shifting psychology of family offices across Europe and the Middle East.
Why most co-investment rights aren't worth the paper they're written on.
How returns, liquidity and tax efficiency are shaping next-gen private capital platforms.
The one word that defines Joel's fund diligence: replicability.

If you're navigating private markets, this episode is your masterclass in thinking long-term, acting programmatically, and managing risk with surgical precision.

IN HIS WORDS