hen many entrepreneurs in our world think of exiting, they think of private equity.

PE is firmly established as the most active buyer of private businesses.

Now there are also strategic buyers. You might even sell to another searcher.

But for all intents and purposes, PE is the default.

But there's another category of buyer, another capital base, that we should be considering, according to today's guest James Bohannon.

And that is: family offices.

You probably have a vague notion of what a family office is, but I brought on James to really explain this world to us.

And how buyers and owners of small businesses should think much more about family offices as partners when it comes time to exit, or maybe just recapitalize, a thriving business.

Or even, provide equity when you buy a business in the first place.

This episode is a primer on family offices, and hopefully it opens your eyes as it did mine to the potential partnership between our world and theirs.

Here is James Bohannon, senior vice president at Belzberg & Co.