Investor Memo

What Saudi Family Offices Actually Need (and Aren't Getting)

They have capital. They have ambition. They don't have diligence infrastructure.

AE
Dr. Anas Elimam Founder & Managing Director · LEOMAX
2026-05-25
What Family Offices Actually Need

In my work with multiple Saudi family offices over the past 3 years. They're allocating more capital to private markets every quarter. They want diversification beyond real estate and public equities.

What they don't have: an internal team to evaluate the deals coming across the desk.

The structural gap

A typical KSA family office has 2-4 investment professionals. Maybe a generalist analyst. They see 200-400 deals a year between inbound and outbound channels.

Proper diligence on a deal takes 40-80 hours. The math doesn't work. So family offices either over-rely on co-investment with VCs (giving up agency), pass on deals that would have worked, or invest with insufficient diligence and learn expensive lessons.

What the Investor Memo Subscription provides

Four diligenced memos per month. Each one is the kind of write-up an institutional VC partner would produce - but built for a Family Office context.

Each memo includes: thesis fit (does this match your stated investment direction), unit economics rebuilt from source, top three risks stated, our verdict with confidence level, and a conflict disclosure section.

Plus: two on-demand deep dives per month on companies you're independently evaluating, quarterly thesis update (what's changing in the sectors you care about), and direct access for verification calls with founders we've covered.

Why we don't take placement fees

Most diligence is corrupted by placement economics. The analyst writing the memo is paid by the company being raised, or has a kickback if the deal closes.

We charge you a subscription, full stop. No placement fees. No equity. No kickbacks. The only thing aligning us is your decision to keep paying for the next quarter - which means our memos have to actually help you make decisions.

Want to apply this to your business?

Book a free 30-min call with Anas. We'll figure out the right starting point.

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