Private foundations can engage in impact investing, a strategy that combines charitable giving with investments that generate financial returns and positive social or environmental impact, through program-related investments (PRIs) and mission-related investments (MRIs).
Cresset co-founder Eric Becker explains why building a $70 billion family office isn’t about chasing returns—it’s about purpose, legacy, and creating wealth strategies that last for generations.
Wes Edens, a private equity titan, invested $100 million to create Caldera House, an eight-room hotel and private ski club in Jackson Hole, Wyoming, which is now enjoying its first full year of operation.
Robert Balentine left Wall Street in 1987, built a wealth management firm from scratch, sold it at the top of the market, then walked away from the company that bought it to start over. Forty years and $9 billion later, he's still making the same case, to entrepreneurs, and to his own daughter.