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Family office and investment platform Camino Partners takes a values-based approach to investing, seeking to solve meaningful consumer problems and achieve scalable, sustainable growth.
Already leveraging the Addepar platform for streamlined data aggregation and in-depth reporting, they adopted Addepar Navigator to keep pace with a diverse and expanding investment portfolio. The firm now projects and forecasts liquidity in greater detail and precision than ever before.
We recently sat down with Justin Padilla, Director of FP&A, to learn more about how a clear view ahead has helped improve operations and inform the firm’s investment strategy.
Can you tell us a little bit about your family office? What makes your portfolio and planning needs unique?
Camino Partners is a values-driven investment platform and the family office of KIND Snacks founder, Daniel Lubetzky, that is dedicated to improving consumers’ lives. We collaborate with pioneering leaders to build lasting enterprise value, guided by a culture of entrepreneurial spirit, transparency and integrity. Our leadership team helped steer KIND from its earliest concept to a multi-billion-dollar platform. Today, our investors and strategic operators draw on that experience to help companies solve meaningful consumer problems while charting a sustainable pathway to growth.
In addition to direct investments, we manage a diversified portfolio across a wide range of asset classes, spanning public and private markets, as well as liquid and illiquid holdings. Because of this broad and dynamic portfolio, our planning needs are complex. We must balance long-term growth with maintaining a flexible liquidity profile.
Before using Navigator, did you face any challenges when planning for liquidity, capital calls or sustaining the family’s wealth long-term?
Prior to adopting Navigator, we had a good understanding of our cash runway and upcoming commitments, but our process was more manual and less dynamic. While we were able to forecast cash flows, it often required extra effort and was more reactive than proactive, which made planning time intensive and less reliable.
We didn’t yet have a fully systematized way to model different scenarios or test assumptions. This meant our decision-making, while informed, wasn’t always as precise or forward-looking as we wanted. Having clearer visibility into both near-term liquidity and long-term needs was a natural next step in strengthening how we manage capital for the family’s evolving objectives.
What made you realize you needed a better way to plan? Was there a specific moment or event?
As our portfolio grew — both in size and across a diverse set of asset classes — it became clear that our existing approach needed to evolve with it.
We saw an opportunity to bring more structure and accuracy to our planning posture. We can now confidently and dynamically plan for our liquidity needs over the next 1, 3, 5 and 10 years, which protects us against the downside and positions us to move quickly when compelling opportunities arise. Having accurate, forward-looking forecasts became essential to executing our strategy with greater agility and confidence.
What made Navigator the right solution for your office, as opposed to other approaches like spreadsheets or consultants?
Navigator’s seamless integration with Addepar was a major factor in our decision. Since Addepar already serves as our system of record, the ability to have real-time data flow directly into Navigator has been incredibly powerful. It removes the need for constant manual updates, streamlining our workflow and allowing our team to focus on higher-value strategic analysis.
While spreadsheets worked well for certain purposes, maintaining a live, complex model for a diverse portfolio in Excel would have been increasingly challenging over time. Similarly, relying on external consultants wouldn’t give us the same level of day-to-day visibility or control. Navigator gives us the best of both worlds — precision and agility — while enhancing the systems we already had in place.
How has Navigator changed the way you plan for future needs, manage risks or communicate with the family?
Navigator has added an extra layer of clarity and depth to how we plan and oversee our capital strategy. It gives us real-time visibility into both near- and long-term capital availability, helping us set thoughtful investment pacing and targets with greater confidence.
Can you share an example of a scenario you modeled with Navigator that helped you make a better decision?
During our most recent mid-year review, we built a comprehensive 24-month forecast using Navigator. The model incorporated a range of variables, including income from various sources and anticipated cash outflows arising from capital calls, operating expenses, estimated taxes and other obligations.
By bringing all these factors together in one integrated model, we were able to see a complete picture of our capital position over time. This analysis directly informed our investment decisions.
For other family offices that may not be considering a solution like Navigator yet, what would you say to them?
Addepar gives you the foundation to understand where you’ve been and where you are today. Navigator builds on that by helping you plan for where you’re going. If you’re already using Addepar for reporting and data management, Navigator is a natural extension. It transforms historical and present data into forward-looking insights, enabling more informed and confident planning.