Family offices eye larger private equity allocations
Family offices are looking to invest more in private equity over the next 12 months at the expense of their cash allocations. A survey of 32 family offices conducted by London-based private market advisory firm Somerset Capital found that 63% plan on committing more funds to private equity, considerably more than for equities, real assets and hedge funds.
The family offices that participated in the survey are predominantly based in the UK and Europe, with over half managing in excess of $500 million. Average allocation to asset classes was 24% equity, 10%...
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