Session
This session will explore how endowment-style investing is reshaping family capital allocation. Paul Burgon will highlight both opportunities and critiques of the model, the expanding universe of private credit, semi-liquid funds and thematic alternatives and the pitfalls of complexity and illiquidity. He will also share a practical framework for families, focusing on governance, liquidity planning and the advantages of agility, networks and co-investments.
Paul is the Managing Partner and CIO of Lipman Burgon & Partners, focussing on sophisticated investment solutions for private clients and family offices.
As a founding member of Lipman Burgon & Partners, Paul has embedded a culture that puts clients’ interests ahead of the firm’s growth. He leads the investment and advisory teams and acts as Lead Adviser to family offices, tailoring investment programs, building governance frameworks, and managing succession programs.
With over two decades of experience across market cycles and having previously worked with Goldman Sachs, JBWere and Investec Private Bank, Paul is highly experienced in multi-asset portfolio construction strategies and allocation across public and private market assets. He has deep expertise in allocation modelling and manager due diligence with a network that unlocks unique investment opportunities for clients.
Paul is a key member of Lipman Burgon & Partners’ Investment Committee and has several academic and professional qualifications. These include a Graduate Diploma in Financial Planning, a Master of Applied Finance, and is recognised as a Certified Financial Planner (CFP) and a Certified Investment Management Analyst (CIMA).
For three consecutive years, he has been ranked among Australia’s Top 25 Financial Advisers by US financial investment publication Barron’s.
Drawing from her own background as a member of a family office navigating succession challenges and family conflict amongst the Generation 1 to 3, Joanna understands firsthand the intersection of family dynamics, governance needs, and wealth continuity. This personal experience, combined with her expertise in building family office advisory boards, enables her to create governance frameworks that honor both family relationships and business imperatives.
Joanna specialises in designing tailored governance structures for family offices and navigating the complex emotional dynamics of multigenerational wealth transitions. With extensive experience working with global families of significant wealth, she bringsa trauma-informed approach to succession planning, recognising how rapid wealth creation and family complexity impact decision-making across generations.
Born in China and raised in Australia, Joanna brings deep cultural intelligence to her work with Asian family enterprises and transnational wealth structures. She focuses on family enterprise planning, succession strategy, next-generation development, and establishing governance systems that support healthy family dynamics while protecting wealth across borders and generations.
Joanna holds a double Bachelor's degree in Business Management and Arts and a Master's degree in Financial Planning. Her specialised credentials include Certified Family Advisor and Advanced Certificate Family Advisor (Family Firm Institute), Certified Executive Chair (Advisory Board Centre), and the Company Director course (AICD).
Jason Coggins brings more than two decades of experience in investment strategy, asset allocation, research, and governance to the Lipman Burgon & Partners (LBP) Investment Committee. His career spans leadership roles across banking, private wealth, and institutional asset consultancy, with a track record of delivering disciplined, innovative, and client-focused investment outcomes.
Alongside his work at Lipman Burgon & Partners, Jason consults to Ellerston Capital on strategy, providing guidance across the firm’s capabilities, leading growth initiatives, and drives engagement with the family office and private wealth sectors. He also serves on the Advisory Board of Ibex Investors, chairs the Investment Committee at Initium Capital, and contributes to the investment governance of several other organisations, including Third Link, Australian Philanthropic Services, and Perks.
From 2014 to 2023, Jason was Partner and Head of Research at Koda Capital, playing a central role in developing the firm’s investment strategy from inception. His responsibilities included asset allocation, portfolio construction, and manager selection for private wealth, family office, and philanthropic portfolios. Under his leadership, Koda’s Investment Strategy Group gained recognition for sourcing and seeding unique, diversifying strategies in the Australian market, and for working closely with some of the country’s largest non-profit organisations and prominent family offices. Earlier in his career, he held senior roles at ANZ Global Wealth and institutional asset consultancy CPG/Grove Financial Services.
Jason’s expertise spans public and private markets, global macro strategy, and alternative assets. He is known for his analytical depth, pragmatic approach, and ability to lead through complexity while maintaining a clear focus on client success.
He holds a Bachelor of Economics and a Bachelor of Business Management from the University of Queensland.
