We’re in the process of investing in one of the largest waste management companies in Spain.

One of the places it services? Ibiza.

Not exactly what people picture when they think about building wealth… but that’s the point.

Waste management, done right, is:

• A local monopoly with recurring demand

• Long-term contracts with municipalities and businesses

• Pricing power with inflation pass-through

People always produce trash, regardless of recessions, rates, or market cycles.

That means steady, durable cash flow.

This is especially relevant for the people we work with.

They’ve already built wealth and now the goal is to diversify and protect it, not rely solely on the stock market.

Adding exposure to businesses like this:

• Reduces reliance on public equities

• Adds consistent, defensive income

• Brings real diversification to the portfolio

If your portfolio is still heavily concentrated in stocks and bonds, you’re probably underexposed to this kind of “boring” resilience.

That’s exactly the type of private market exposure we build into $10M+ portfolios.