“The key story this year is about private equity,” RBC and Campden Wealth said in their 2022 North America Family Office Report. “Looking to 2023, North American family offices plan on increasing their allocations to private equity more than to any other asset class.”
Over the past 20 years, the number of family offices has increased dramatically, in part due to their booming fortunes in the real estate, banking, and technology sectors.
The ultra-wealthy’s money is managed via vehicles that are flexible, low on regulation, and as public or private as the creator desires.
Private equity is a key investment for some of the biggest family offices, like Peter Thomson’s, a descendant of the media dynasty that founded Thomson Reuters Corp.
This year, compared to 22% in 2021, the businesses polled had an average of around 27% of the asset class in their portfolios. Over 80 early-stage startups have received financial support from Thomson’s venture arm.
