FAMILY OFFICES

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.

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

https://www.ai-cio.com/news/family-offices-slash-allocation-alternatives-half/

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

http://www.campdenfb.com/article/will-coronavirus-crisis-make-or-break-impact-investing

 

HOW ARE FAMILY OFFICES RESTRUCTURING THEIR PORTFOLIO; Entrepreneur

https://www.entrepreneur.com/article/350015

 

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

https://citywire.co.uk/wealth-manager/news/how-family-offices-next-generation-are-managing-the-crisis/a1350694