May
03
Rich Families Go Solo on Deals, Moving Away From Private Equity
By-
Most family offices deploying staff to evaluate transactions
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Appetite for hedge funds is down, family office survey shows
Family offices, which manage the financial and personal affairs of the wealthy, are increasingly taking stakes in companies and committing staff to such efforts rather than investing in private-equity funds.
About 81 percent of offices have at least one full-time employee sourcing and evaluating direct investments, according to an annual survey by the Family Office Exchange released Wednesday. Of the 118 offices polled, firms had an average of three employees involved in the investment process, two of whom had some responsibility for direct stakes…
Rich Families Go Solo on Deals, Moving Away From Private Equity
