Billion Dollar Moves
Future-Proofing Portfolios W/ Chris Rynning (AMYP Ventures) & Anulika Malomo (HarbourVest Global Private Equity)
Billion Dollar Moves
•November 27, 2025•33 min
0
Billion Dollar Moves•Nov 27, 2025
Key Takeaways
- •Family offices hedge legacy assets with early AI, crypto experiments.
- •Liquidity less critical; focus on long‑term co‑investments and secondaries.
- •AI risk mitigation and climate impact are non‑negotiable investment criteria.
- •Diversification across geographies, themes, and midstream renewable infrastructure essential.
- •Decoupling TVPI and DPI drives shift toward lower cash‑flow strategies.
Pulse Analysis
In this LP Summit session, Chris Rynning and Anulika Malomo unpack what "future‑proofing" means for ultra‑wealthy families. They stress that protecting the planet and guarding against AI‑driven existential risk are now non‑negotiable filters for any capital deployment. Rynning, drawing on his China experience and Porsche family legacy, describes how his office experiments early in crypto and now AI, while deliberately keeping exposure modest. Malomo adds that resilience—building portfolios that can absorb shocks—requires a blend of impact‑oriented mandates and long‑term co‑investment structures, especially as traditional exit windows shrink.
Liquidity takes a back seat to strategic depth. Both guests note that family offices can afford to sidestep the short‑term cash‑flow pressures that bind conventional private‑equity funds. Instead, they lean heavily on secondary market transactions and continuation vehicles to smooth the J‑curve and capture missed vintages. The post‑2022 decoupling of TVPI and DPI underscores a market reality: total value metrics are rising, but distributions lag, prompting a shift toward assets with quicker cash returns. By planning drawdowns for the next two to three capital calls and protecting founder dilution, they maintain disciplined cash management without sacrificing long‑term ambition.
Diversification emerges as the third pillar of future‑proofing. Rynning and Malomo advocate a geographically broad, theme‑driven mix that spans venture, buyout, infrastructure, and midstream renewable enablers such as grid digitisation and storage technologies. They argue that thematic funds targeting aging demographics, food security, or climate resilience can deliver both impact and outsized returns. Simultaneously, they warn against the AI hype cycle, urging families to invest in trust‑and‑safety layers rather than chasing headline models. For 2025 allocations, the consensus is clear: blend deep‑tech exposure with robust impact filters, leverage secondaries for liquidity, and embed resilience at every portfolio layer.
Episode Description
In this episode, we sit down with Chris Rynning (AMYP Ventures; Piëch/Porsche family office) and Anulika Malomo (HarbourVest & impact advisor) to unpack what it really takes to future-proof portfolios in 2025 and beyond.
From AI’s existential risks to global liquidity crunches, China’s DeepSeek shock, secondaries, midstream renewable opportunities, and the rise of long-term family office strategies — this conversation cuts through hype and surfaces where capital and opportunity are truly misaligned.
If you’re an LP, GP, family office, or allocator thinking long-term, this is a must-listen.
Timestamps / Key Takeaways
0:00 - Intro: A modern Piëch/Porsche family office and PE global investment lens
04:26 - Why future-proofing portfolios matters in 2025 and beyond
09:14 - How LPs and family offices are navigating liquidity crunch: Secondaries, IPO freeze & new exit pathways and timeframe
16:49 - Capital vs. Opportunity: Where the biggest disconnects lie
21:07 - Impact vs. Harm (e.g., the crypto-climate paradox)
24:14 - Practical guide on how to allocate capital while “future-proofing”
26:37 - Are we optimistic? The Next-Gen & AI dilemma
28:19 - Q&A: What they’re NOT investing in?
Panelists:
Chris Rynning, Managing Partner, AMYP Ventures
Anulika Malomo, Non-Executive Director, HarbourVest Global Private Equity
Hosted by:
Sarah Chen-Spellings, Co-Founder & Managing Partner, Beyond The Billion
Billion Dollar Moves Podcast | The Top Global VC Podcast for Founders & Funders | Backed by HubSpot Podcast Network
In venture, every move can make—or break—a billion-dollar outcome. Hosted by Sarah Chen-Spellings, award-winning entrepreneur, investor, and venture insider, Billion Dollar Moves pulls back the curtain on the strategies, stumbles, and breakout moments that define the world’s most iconic companies.
From boardroom power plays to investor backchannels, you’ll hear the untold stories behind iconic companies like YouTube, Canva, and Vimeo, and go inside the minds of those moving capital at firms like Sequoia, Lightspeed, and beyond.
Whether you're chasing your first $10M—or your next billion—this show is your front-row seat to how the smartest founders and funders win. Think raw, unfiltered, no-BS insight—designed to help you move faster, smarter, and bolder.
This isn’t just another business podcast. This is your billion-dollar playbook.
PODCAST INFO:
Podcast Website | Watch on Youtube | Join the Community
FOLLOW SARAH:
LinkedIn | Instagram | X/Twitter
Show Notes
0
Comments
Want to join the conversation?
Loading comments...