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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

GPFO
and
Hugo King-Oakley
Aug 7, 2023
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Family Office Insider (FOI) | August 2023

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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

The 2023 Investment Benchmark Report: Global Unicorn Edition | Affinity
  • White Paper | What do family offices expect from private banks? | Landytech

View all…

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

    Screenshot 2023-08-01 at 3.25.12 PM
    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

View all…


This is the Family Office Industry Newsletter, the monthly premium article is published next Thursday (complimentary to GPFO Association Members).

Thank you for reading Family Office Insider (FOI). This post is public so feel free to share it.

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