Family Office Insider (FOI) | February 2024
News, Research, Publications, Events, Jobs Board | Family Office Industry Newsletter
Hello, and welcome to the second edition of 2024 of Family Office Insider (FOI) from GPFO. In the Industry Newsletter each month we share the latest news and developments from the global family office ecosystem.
Sections:
News: 📰 Headlines, 💼 Careers Moves, 🤝 Private Markets Activity
📅 Events
👥 Jobs Board
📑 Research & Reports
📑 Research & Reports.
Our Family Office Reports Database is now part of the GPFO Members Portal. 300+ reports and research on the family office and global wealth community since 1997, updated by the team each month. Book a demo of the platform today.
Report | APAC Family Office Study - Challenges and perspectives across the ecosystem. Eton Solutions & Simon Kucher.
Report | WealthTech 2024 Report. The Wealth Mosaic
Report | VC Industry Outlook - Insights and Predictions from VC Managers and Limited Partners. Allocate
Report | UK innovation 2024 forward look. Dealroom.co & HSBC
Survey | Single Family Offices didn’t slash VC allocations in 2023. WealthBriefing
Outlook | The Future of Family Offices: A look ahead to 2024. EY
News.
📰 Headlines
Takeaways from J.P. Morgan Healthcare Conference 2024.
Coverage: Forbes, Bio.news, Ballard Spahr, Stat
Are luxury brands ready for the next generation of wealthy Chinese? Jing Daily
“As China undergoes its generational wealth transfer, a fascinating dynamic emerges: a move from the control-oriented investment philosophies of first-generation wealth creators to the allocator-based approaches favored by their Western-educated successors,”
Haslam family sells last 20% of Pilot truck stop chain. Cleveland
From caterpillar to butterfly: Three steps to transition from entrepreneur to investor. IMD
Spencer’s family office names CEO after 260% gain on insurer bet. Bloomberg
Abu Dhabi royal sets up firm to hold $27bn in assets. Bloomberg
UK super-rich would be ‘bored to death’ in tax havens. Guardian
UK Government opens consultation on ‘Transparency of Land Ownership Involving Trusts’. gov.uk
Nelson Petz’s Disney Fantasia. Puck
Singapore as a family office hub. Lexology
Alphabet (Google) opens its moonshot X Lab to external investors. Bloomberg
Bob Diamond and Rich Ricci are banking on City revival. FT
Empowerment through Entrepreneurship: Women shaping family offices an business ventures. Inc42
Grifols faces scrutiny of family control. Yahoo
How the role of family offices is shifting. PwC
UHNWIs can mitigate two hazards lurking at free ports. Kobre & Kim
“There’s no such thing as a family office”. FamilyWealthReport
💼 Career Moves
Seth Johnson becomes 3rd CEO of Michael Spencer’s family office, IPGL, since 2023.
Goldman Sachs hires JPMorgan veteran Ben Williams to lead private bank in Europe.
Brian C. Adams joins recruitment firm Mack International.
Laura Geiger-Pancera joins JPMorgan as Head of Switzerland.
🤝 Private Markets Activity
Segnalita Ventures and Wille Finance participated in a $95M Series C investment in Instagrid.
North Island LLC participated in a $23M Series A investment in Polymer Labs.
Friedkin Group participated in a $23.6M in a Series B funding round in Weavix.
TruVenturo participated in a $12M Venture funding round for Rune Labs. NeuroTech
Crow Holdings participated in a $5M in a Seed funding round in UpSmith.
Wecken & Cie participated in a $4.3M Seed round in Einwert.
Elkstone Family Office has participated in a $3M Seed funding round for Lative.
Aglaé Ventures has engaged in a $2.2M Seed investment in Shimmer.
📅 Events.
Q1 Dates: (register or request an invitation)
Initial Insights Event | GPFO Private Markets Benchmark Survey - 7th February - Online.
0100 Conference DACH 2024 - 28-29th February - Austria | For GPFO Members and LP subscribers secure a free ticket here.
Coffee with the Economists 2024 - 14th March - London & Online
International Investment Afternoon - 20th March - London & Online
Q1 2024 we will be publishing the Winter/Spring Edition of Family Office Global (FOG). Download the previous edition here.
👥 Jobs Board.
Full Jobs Board accessible via the industry or members portals. Currently 44 actively recruiting roles within single family offices and private multi family offices around the globe.
21 new roles listed this month, 5 closed to new applications.
VP Investment - Single Family Office - Jakarta, Indonesia
Equity Research Director -Single Family Office - Singapore
Executive Director, Private Equity Direct Investments - Single Family Office - Zurich, Switzerland
Head Family Office Operations - Single Family Office - Zug, Switzerland
Head of Family Office - Single Family Office - London, UK
Managing Director, Direct Investments - Single Family Office - London, UK
Portfolio Manager - Single Family Office - New York, USA
Portfolio Controller - Single Family Office - Boston, USA