Family Office Insider (FOI) | August 2023
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Family Office Insider (FOI) | August 2023
News, Research, Publications, Events, Jobs Board | Family Office Industry Newsletter
Hello, and welcome to this edition of Family Office Insider (FOI) from GPFO. Each month we share the latest news and developments in the global family office community, to help you keep your finger on the pulse.
Sections:
📑 Research & Reports
In the news: 📰 Headlines, 💼 Careers Moves, 🤝 Private Markets Activity
📅 Events
👥 Jobs Board
📑 Research & Reports.
Our Family Office Reports Database is now part of the Members Portal. 240+ reports and research on the family office and global wealth community since 1997, updated by the team each month. You can now book a demo of the platform.
Report | Simplifying Family Investment Portfolios | Cambridge Associates
Report | The Passport Index Ranking 2023 | Henley & Partners
Report | The 2023 Investment Benchmark Report: Global Unicorn Edition | Affinity
White Paper | What do family offices expect from private banks? | Landytech
In the news.
📰 Headlines
1 in 6 asset management groups to disappear by 2007. FT
JPMorgan launches US Family Office Practice. Private Banker International
UBS agrees to pay $388m over Credit Suisse’s Archegos failings. Reuters
Goldman Sachs says India will overtake the US to become the world’s second largest economy by 2075. CNBC
See Events sections for relevant upcoming private briefings.
Brookfield and Sequoia launch fund to target cut-priced start-ups. FT
Singapore changes application criteria for Single Family Offices (Updates to S13O & S13U). Lexology
Singapore is being too picky about its billionaires. Bloomberg Opinion
Source: Bloomberg Singapore’s single family offices creates jobs boom. WealthBriefing
Crestbridge sells institutional business to US based Gen II Fund Services. Private Banker International
Ex Citadel Duo raise $1,8bn for Hedge Fund. Bloomberg
Rolexs lose their shine. WatchCharts
The Rolex Market Index is an indicator of the financial performance of Rolex watches on the secondhand market. It is comprised of the top 30 Rolex models by transaction value. The index shows the average market price (in USD) of these 30 watches over time.
Podcast - A rare interview with Seth Klarman of Baupost, the discussion covers value investing, philanthropy and more.
Brian Winterflood passes away at 86. Obituary: The Times, The Telegraph, FT
British billionaire Joe Lewis charged in the US with insider trading. FT
Ravi Ruia buys a sprawling London mansion for a reported $113m. Bloomberg
Li Zhang leaves San Francisco with a trail of broken real estate deals, lawsuits. SF Chronicle.
💼 Career Moves
Ed Garden (Trian Co-Founder) launches family office, Garden Investments with former colleague Chad Fauser. WSJ
Lisa Opoku to leave Goldman Sachs Partners Family Office. Reuters
William Sinclair tapped to run JPMorgan's new US family office practice, joined by Jamie Lavin Buzzard, Elisa Shevlin Rizzo and Christopher McCree. PR Newswire
Reed Jobs launches Yosemite to fund for cancer tech, as spin-off from family office Emerson Collective, with much of the ventures team moving across from Emerson. TechCrunch
🤝 Private Markets Activity
Hillspire participated in a $1.3B Venture funding round in Inflection AI. Artificial Intelligence
Knollwood Investment participated in a $35M Series A round in Protect AI, cybersecurity.
The Ferrante Group participated in a $30M Series A funding round in RADAR.
The Colruyt family office participated in a $28M venture follow-on in Sensorfact, smart monitoring.
Illusian participated in a $25M Seed investment round in Isometric, a carbon removal registry and science platform.
B-Flexion participated in a $18M Series A round for HerMD, FemTech.
Zinal Growth and Thiel Capital participated in a $17M Series A in Whop.
The Friedkin Group, participated in a $17M Seed funding round in Terminal Industries.
Cercano Management participated in a $10M funding round for Plerion, cloud security platform.
KEC Holdings participated in a $11M Series A investment round in Gooten. SaaS
Evolem participated in a $3m seed funding round for Fairlyne. Travel Technology
Zinal Growth participated in a $1.3M pre-seed round for Bloom Money, Fintech.
Events.
What's on in August:
We are still on summer break!
Download the Spring/Summer Edition of Family Office Global (FOG)
Agenda Release: GPFO European Conference 2023
What’s coming up in September:
Private Briefing - Investing in India | Zurich (12th Sept.) & London (14th Sept.)
International Investment Afternoon | London (21st Sept.)
Jobs Board.
Full Jobs Board accessible via the industry or members portals.
13 new roles listed this month, 43 actively recruiting roles within single family offices and private multi family offices around the globe.
Chief Investment Office, Single Family Office - New York, USA
Investment Manager, Single Family Office - Singapore
Chief Operating Officer, Single Family Office - USA (Remote)
Head of Private Equity, Single Family Office - Geneva, Switzerland
Head of Philanthropy, Single Family Office - London, UK
General Counsel, Single Family Office - Chicago, USA
Group CFO, Single Family Office - Dubai, UAE