In this engaging conversation, Jamie Biddle, Founding Partner and CEO of Verdis Investment Management, shares his insights on multi-generational investing for the DuPont family. He explains how legacy influences long-term investment strategies and the unique mindset of family offices compared to traditional institutions. Jamie recounts his transition from venture capital to establishing Verdis, highlighting the importance of trust and behavior in manager selection. Listeners will also learn about balancing risk with long-term compounding and the strategic significance of co-investments.
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Enduring Family Legacy Influences Investing
Jamie Biddle lives in his family's home, Andalusia, for over 230 years.
This enduring legacy shapes his perspective on long-term investing and stewardship.
question_answer ANECDOTE
From VC to Entrepreneurial Leader
Jamie transitioned from venture capital to running a software service company with 600 employees.
This experience launched his leadership and entrepreneurial journey before starting Verdis.
volunteer_activism ADVICE
Build Complementary Teams
When building a family office team, recruit people who are experts where you lack skills.
Align everyone with a clear strategic vision to ensure long-term success and continuity.
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In this episode of the Dakota Live! Podcast, host Robert Morier sits down with Jamie Biddle, Founding Partner and CEO of Verdis Investment Management, a single-family office managing capital for multiple generations of the DuPont family.
Together, they explore the philosophy and practice behind multi-generational investing, how legacy shapes long-term investment decisions, and why family offices think differently from traditional institutions.
Jamie walks us through the transition from his early venture capital career to building Verdis from the ground up, and how lessons from history—both personal and financial—inform his firm’s investment decisions today.
Listeners will gain insight into:
Verdis’ endowment-style approach to asset allocation The balance between risk, liquidity, and long-term compounding A unique indexing strategy for early-stage venture capital How character, behavior, and trust factor into manager selection Why family offices value entrepreneurial thinking The enduring truths that guide a family with 10 generations of stewardship
Whether you're an allocator, asset manager, or simply curious about how long-term wealth gets managed with precision and purpose, this is an episode not to miss.
00:00 Intro 02:08 Jamie Biddle Intro 03:31 Legacy and family history 05:58 Early career 09:25 Inspiration to start Verdis 10:50 VC versus family office mindset 12:07 Strategic direction 13:18 The team 16:32 Endowment pitfalls 17:59 Asset allocation model 22:13 Balancing public and private markets 23:09 Indexing early-stage venture 27:40 Due dilligence for early stage venture 29:32 Manager research process 34:36 Investing in the right people 36:36 Geography of early stage venture 37:45 Current macroeconomic environment 39:00 Active management in public equities 41:19 Market-cap weighted indexing 43:06 Co-investments 45:00 Importance of LP network 47:03 Democratization of private markets 49:01 Advice for manager's seeking partnership with Verdis 52:18 Biddle family history 53:50 Importance of The Andalusia Foundation 58:15 Outro
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