Central services will typically be full time in-house staff with long tenure. That will cover recurring support needed for all companies in the studio. Typically that’s back office (finance, HR, etc) and common product related functions (e.g. product management, marketing, maybe engineering if the studio builds tech ventures). For anything more specialized, a good studio will have a range of trusted vendors/partners that it can pull in as needed for shorter mandates. Often there are also trusted vendors for the post-studio transition (e.g. fractional CFO to go with the new company once it spins out of the studio).
Central services will typically be full time in-house staff with long tenure. That will cover recurring support needed for all companies in the studio. Typically that’s back office (finance, HR, etc) and common product related functions (e.g. product management, marketing, maybe engineering if the studio builds tech ventures). For anything more specialized, a good studio will have a range of trusted vendors/partners that it can pull in as needed for shorter mandates. Often there are also trusted vendors for the post-studio transition (e.g. fractional CFO to go with the new company once it spins out of the studio).