TUESDAY, DECEMBER 10
5:30–8:30 pm (IPI Members Only) 
PRE-FORUM BBQ WELCOME RECEPTION
Join for an unforgettable evening as our Forum Chair T. Dupree Scovell opens his home and hosts a signature Texas experience for the IPI community. Enjoy some good old fashioned barbeque, Southern sides and local cocktails such as "Ranch Water" at this relaxed gathering which promises to be a unique opportunity to connect, unwind, and enjoy great food and company before the Forum kicks off. RSVP required. Please email Dylan Meyer at dm@memberlink.net to secure your spot.

Click here for a draft agenda.

IPI END OF YEAR FORUM DECEMBER 11-12
JW MARRIOTT DALLAS ARTS DISTRICT 800 NORTH HARWOOD STREET, DALLAS, TX 75201

The Institute for Private Investors heads to Dallas to wrap up 2024 at the IPI End of Year Forum.

Dallas is the leading banking, financial, and trade centre for the Southwest. Join us for two days to discuss investment opportunities and how to plan for the coming year. The IPI End of Year Forum offers access to influential leaders in both private and public markets, real estate, the energy transition, asset allocation, and helping family offices and investors explore innovative and timely strategies for portfolio diversification and long-term wealth creation.

Gain valuable insights on tax mitigation strategies post-election, including an update on capital gains considerations and best practices for estate planning and gifting. In addition to aligning family values and stakeholder directives for your portfolio, this Forum also encompasses investment strategies for a changing interest rate environment, including fixed income and private credit. Leave prepared and energized for a new year ahead.

Forum Chair:

T. Dupree Scovell, Managing Partner and Chief Investment Officer, Woodbine; IPI Member
We are excited to welcome back Dupree to Chair our End of Year Forum again this year. When Dupree’s father John Scovell and Ray Hunt met in 1971, a friendship was born. Soon after, Ray asked John to run his real estate company. It was a natural pairing and the beginning of an exciting business partnership. Since then, the Hunt family has invested in every Woodbine Development Corporation project for 44 years and counting. T. Dupree Scovell is the managing partner and chief investment officer at Woodbine, a full-service real estate company that specializes in hospitality. He and his brother, King, work together as managing partners to lead the team, cast vision and provide strategic direction for the company. Dupree also oversees Woodbine’s acquisition platform and capital markets efforts, as well as Woodbine Legacy Investments, a private equity fund dedicated to the acquisition and development of upscale select-service and full-service branded and boutique hotels throughout the United States.

A few of the featured topics and speakers include:

The Legacy of the Hunt Family
The Hunt family has been synonymous with the oil and energy industry for decades. Spearheaded by H.L. Hunt, who built one of the largest fortunes in U.S. history starting in 1936, the family has diversified its influence over generations into real estate, ranching and philanthropy, to name a few areas. Hear from Hunter Hunt on the energy front, and Chris Kleinert, who oversees the real estate, investment, and ranching operations for Hunt Consolidated, Inc., on how they approach the family’s investments to create a lasting legacy in this interview moderated by Forum Chair Dupree Scovell, whose family has partnered with the Hunt family for 45 years and counting.
Hunter Hunt, Chief Executive Officer, Hunt Energy
Chris Kleinert, Chief Executive Officer, Hunt Investment Holdings

Investment Insights from the Goff Family
Visionary Texas real estate developer and investor John Goff shares the critical factors guiding his investment choices, including opportunities that he sees ahead in the real estate and energy sectors, as well as his philanthropic commitments, including the National Medal of Honor Museum in Arlington, Texas. Notably, Goff built Crescent Real Estate with Richard Rainwater, sold it for $6.5 billion in 2007, and later repurchased it at a steep discount. Goff also serves as chairman of his family office, Goff Capital, managed by his son Travis who joins him on stage to offer a multi-generational perspective on how their family office invests.
John C. Goff, Chairman, Goff Capital, Inc.; Chairman, Crescent Real Estate; Chairman, Crescent Energy
Travis Goff, President, Goff Capital, Inc.

How AI is Transforming Real Estate
Artificial Intelligence is transforming the real estate industry by optimizing construction, operations, and customer experiences. Evan is the co-founder of ICON, an Austin-based construction technology company at the forefront of revolutionizing human shelter through cutting-edge robotics, AI, and 3D-printing. ICON made history by 3D-printing the first home in the United States and has also entered into a notable partnership with NASA to construct the first habitat on the Moon. Evan shares how technology is making real estate development more efficient, accurate and cost-effective, and how he envisions the
future of the industry.
Evan Loomis, Partner, Overmatch Ventures; Co-Founder, ICON

Navigating Geopolitical Risk in Uncertain Times
J. Kyle Bass draws on his extensive experience in macroeconomic investing to offer his take on today's complex geopolitical landscape and its profound implications for family offices and long-term investors. Bass, who predicted the subprime mortgage crises in 2008, examines U.S.-China relations, shifting economic power centers, and the U.S. response in the form of the Critical Technology Initiative—a joint effort between the Small Business Administration and Department of Defense to increase investment in technology deemed critical to national and economic security. Delve into how political tensions and regulatory trends are reshaping industries and influencing global markets with long-term repercussions. Mr. Bass is a Life Member of the Council on Foreign Relations and the recipient of the 2019 Foreign Policy Association Medal for his responsible internationalism. Mr. Bass has lectured on global economics, national security, geopolitics, and the architecture of the Chinese financial system at various universities. Mr. Bass is the former Chair of the Risk Committee of the Board of Directors of the University of Texas Investment Management Company (UTIMCO), which manages approximately $75 billion.
J. Kyle Bass, Founder and Chief Investment Officer, Hayman Capital Management
Co-Founder and Chief Executive Officer, Conservation Equity Management
Co-Chief Executive Officer, Rochefort Management
Life Member, Council on Foreign Relations

Riding the Celebrity Wave: Investing in Consumer Brands
John Howard’s Celebrands was one of the first at the intersection of celebrity influence and consumer brand growth, investing in lucrative endeavors such as Ryan Reynolds’ Aviation American gin and Kim Kardashian’s SKIMS. With more than 40 years in the PE space, he delves into his experience forming partnerships with high-profile personalities and how to translate brand recognition to drive consumer engagement and create long-term value. Learn from real-world case studies how to uncover strategies for identifying investment opportunities in this dynamic space, as well as how the dynamic world of celebrity culture is shifting to create new investment opportunities.
John D. Howard, Founder and Co-CEO, Celebrands; Co-Managing Partner, Irving Place Capital
Interviewed by Michael Kaplan, Founder and CEO, BryKap Holdings Group

Asset Allocation at Scale
Jase Auby provides an inside look at the asset allocation of the Teacher Retirement System of Texas and its investment plans for the future. Heading a team of 183 investment professionals, Auby has oversight over one of the largest investment funds in the world ($193 billion), the 20th largest public pension fund in the world. Today, TRS invests in more than 15,000 businesses in 54 different countries around the world.
Jase Auby, Chief Investment Officer, Teacher Retirement System of Texas

Tax Considerations for Family Offices Under the New Regime
Potential changes in tax policies, including modifications to corporate tax and capital gains rates, as well as estate and gift exemptions, can have meaningful impact on after tax investment and business performance as well as estate tax planning. Family offices and ultra-high net worth investors should consider the potential effects of these changes on transactions involving business and family ownership, including both acquisitions and divestitures and other liquidity transactions. Connect with families and fellow investors to ensure you are well-positioned to protect and grow family wealth in an ever-evolving financial landscape.
Abby Feinman, Partner, Private Wealth, Katten Muchin Rosenman LLP and Saul Rudo, Partner and Chair, Transactional Tax Department, Katten Muchin Rosenman LLP 

Fixed Income Strategies for the Short-Term Future
Veteran fixed income analyst Kathy Jones shares strategies for a dynamic interest rate environment in 2025. She offers case studies in bonds, commodities and other markets that meet goals of balancing risk, return and liquidity for both short-term and long-term family office portfolio horizons. Kathy makes regular broadcast appearances on Bloomberg TV, Yahoo Finance, and CNBC, and is often quoted by The Wall Street Journal, The New York Times, Financial Times and Reuters.
Kathy Jones, Chief Fixed Income Strategist, Schwab Center for Financial Research, Charles Schwab & Co., Inc.

The Growing Opportunity for Families Investing in Secondaries
Secondaries are expected to have a record $140 billion in transactions by the end 2024, according to Institutional Investor, with no signs of abatement in 2025. David and Garrett, partners from LGP who co-manage the firm’s new $1.5 billion secondary fund, join HUB International’s Chris Veber to offer their perspective on the future of the asset class and what challenges and opportunities they see in the sector for UHNW families.
David Fox, Partner, Co-Head, Sage Fund, Leonard Green & Partners
Interviewed by Chris Veber, President and Head of Financial Sponsors and Strategic Investors Group, HUB International

Preserving and Growing Wealth Through Bitcoin
Join bitcoin technology investor Ten31 and representatives of the O’Shaughnessy family for a deep dive into how bitcoin and its rapidly growing ecosystem are creating unprecedented opportunities for long-term wealth preservation. Learn why this $2 trillion asset class has grown at a 50%+ annualized rate over the past decade, how it affects traditional financial services and other business verticals, and how family offices can position themselves to benefit from its unique, disruptive innovations.
Michael O'Shaughnessy, President, The Globe Resources Group; Chairman, Co-Founder, GeoWealth; Co-Founder, O’Shaughnessy Distilling Co.
Interviewed by Grant Gilliam, Co-founder and Managing Partner, Ten31

The Disruptive Future of Energy
Physicist Amory Lovins discusses the astonishing progress in energy efficiency, clean supply, and grid integration. He has designed many superefficient buildings, vehicles, and industrial plants and has advised major firms and governments in close to 70 countries on advanced energy efficiency and strategy. Time named him one of the world’s 100 most influential people; Foreign Policy, one of the 100 top global thinkers, and Stanford's Scopus analysis ranked him in the top two percent of the world’s scientists.
Amory Lovins, Co-founder, Chairman Emeritus, and former Chief Scientist, RMI (Rocky Mountain Institute)

Investing in the Future of Health: Life Sciences, AI, and the MAHA Movement
Dive into the transformative world of healthcare and life sciences investment with Humain Ventures co-founders and couple Linda Avey, co-founder of 23andMe, and Dr. Aneil Mallavarapu, a pioneering scientist and entrepreneur in health tech. This session will explore emerging opportunities at the intersection of artificial intelligence and the bioeconomy, including the growing “MAHA” (Make America Healthy again) movement. Gain insights into how innovative technologies, personalized medicine, and systemic healthcare advancements are reshaping the investment landscape.
Linda Avey, Co-Founder, Managing Partner, Humain Ventures; Co-founder, 23andMe; Co-Founder, Precisely, Inc.
Dr. Aneil Mallavarapu, Co-Founder, Managing Partner, Humain Ventures
Moderated by Evan Baehr, Investor and Founder, The Arena

Nuclear Power: The Answer to AI’s Energy Needs?
As AI technologies scale, their energy demands are rapidly increasing as well. Delve into the potential of nuclear power as a sustainable solution to fuel the AI revolution. Explore critical supply chain dynamics, the role of nuclear innovation in meeting future energy needs, and the far-reaching implications for commercial real estate, including infrastructure and investment opportunities. See how nuclear advancements can align with strategic family office investments to drive long-term growth.
Drew DeWalt, Co-Founder, General Matter Inc.

The Family Office, Real Estate and Political Outlook with Ray Washburne
Ray Washburne is a man of many pursuits. As Chairman of Charter Holdings, he owns high-profile real estate assets in Dallas and across several states. As co-founder of M Crowd Restaurant Group, he is the owner and operator of 46 restaurant locations. He has also served as President and CEO of the Overseas Private Investment Corporation (OPIC) from 2017 to 2019 and as a member of President Trump’s Intelligence Advisory Board. In this far-ranging interview, he shares his investment outlook both domestic and abroad, what to expect in the second Trump administration, and his strategic approach for the real estate market as well as his own family office.
Ray Washburne, Co-Founder and Co-Owner, M Crowd Restaurant Group; Chairman, Charter Holdings; Chairman, Sunoco; Board of Directors, Red Lobster Restaurants

The Banking Sector and Regional Economic Trends
For fifteen years, Norm Bagwell served as the CEO of Bank of Texas, a division of BOK Financial a $50B bank with over $100 billion in assets under management, making it one of the largest regional banks in the United States. He provides his inside-baseball perspective into the economy and banking sector, including the new administration policies’ impact on banks and businesses, best practices in banking, and his thoughts on the ten-year T-note as the “record of truth.” He also covers the rise of Fortune 500 companies and industries locating in Texas, regional economic trends, and their impact on family office investments.
Norm Bagwell, Chairman, Bank of Texas

The Future of Agriculture and Ranching
Ross McKnight returned home to Throckmorton after graduating from OSU to farm and ranch. Realizing he could not achieve the living he desired for his family, he began transitioning from agriculture to a career in energy and finance. He formed RoMac Oil and Gas Company and later formed InterBank. He shares his family’s journey and his business philosophy showcasing the importance of maintaining core values in today’s rapidly changing business world and his personal philosophy on the “human element” that drives his business approach around traditional values of trust, integrity, and working with good people.
Ross McKnight, Owner, McKnight Ranch; Chairman of the Board, Olney BancShares of Texas; CEO, RoMac Gas Company; CEO, RoMac Oil Company

Member Spotlight with Richard Rogers, Managing Partner, R.H. Venable Properties, Ltd., IPI Member
The late R.H. Venable started the family business when he began buying East Texas mineral rights in the 1930s. Today, the family owns royalty interests in over 4,000 producing oil and gas wells in Alabama, Arkansas, California, Colorado, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Oklahoma, Texas and Wyoming. The family also has interests in real estate, traditional investments and various alternative investments. He shares the story of his family legacy and how subsequent generations are continuing the family portfolio's growth and diversification.
Interviewed by Brien Biondi, CEO, IPI and Campden Wealth Americas

Location:

JW MARRIOTT DALLAS ARTS DISTRICT 
800 NORTH HARWOOD STREET 
DALLAS, TX 75201

CPE
Continuing education credits are available for CPE (Continuing Professional Education) in Specialized Knowledge & Applications.