Family Offices

 

Privately held company that manages wealth on behalf of Ultra High Net Worth Individuals.

 

Often comprised of investment professionals and family members who make investment decisions.

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Major Considerations

  • Can be open to smaller and niche fund managers

  • Can provide patient long-term capital

  • Highly fragmented investor base

  • Can be opportunistic and quick to move

  • Patient long-term capital

  • Often like co-investments, especially in industries of their expertise

 

Typical Allocation

 

Alternative assets make up around 25% of the asset allocation of family offices.

Among the alternatives:

30% in Real Estate

25% in Private Equity Direct

22% in Hedge Funds

19% in Private Equity Funds

 

FAMILY OFFICES SLASH ALLOCATION TO ALTERNATIVES; Chief Investment Officer

Largest Family Offices

 

  1. Bessemer Trust (Multi Family Office), New York; AUM – 110Bn

  2. Acropolis Capital Partners (Single Family Office), UK; AUM – 107Bn

  3. Point72 (Multi Family Office), Connecticut; AUM – 75Bn

  4. UBS Global Family Office (Multi Family Office), Switzerland; AUM – 67Bn

  5. Stonehage Fleming Family and Partners (Multi Family Office), UK; AUM – 56Bn

  6. Cascade Investment (Single Family Office), Washington; AUM – 44Bn

  7. Pontegadea Inversiones (Single Family Office), Spain; AUM – 36Bn

  8. Hawthorn PNC Family Wealth (Multi Family Office), Pennsylvania; AUM – 35Bn

  9. Iconiq Capital (Multi Family Office), California; AUM – 33Bn

  10. Soros Fund Management (Single Family Office), New York; AUM – 30Bn

 

PreQin 2020

Articles of Interest

 

WILL CORONAVIRUS CRISIS MAKE OR BREAK IMPACT INVESTING; CampdenFb

 

HOW ARE FAMILY OFFICES RESTRUCTURING THEIR PORTFOLIO; Entrepreneur

HOW FAMILY OFFICE’S NEXT GEN ARE MANAGING THE CRISIS; CityWire