Family Office Insider (FOI) | January 2024
News, Research, Publications, Events, Jobs Board | Family Office Industry Newsletter
Hello, and welcome to the first 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
If you missed the 2023 Year in Review read it here.
📑 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.
📢 Survey | The Family Office Private Markets Benchmark Survey 2023 - GPFO [Contribute]
Practical Capital | Safeguarding and futureproofing your family office, Capital Generation Partners (CAPGEN)
Outlook for private markets 2024, Apollo
European Family Office Report 2023, HSBC & Campden Wealth
Asia Pacific Family Office Report 2023, Raffles & Campden Wealth
Developments in the United Arab Emirates impacting family offices and family wealth structures, Trust & Trustees
PwC's Global Family Office Deal Study 2023, PwC
News.
📰 Headlines
The Berne Financial Services Agreement. gov.uk
Coverage: BBC, CityAM, Guardian, Reuters
His Majesty’s Treasury of the United Kingdom of Great Britain and Northern Ireland and the Federal Department of Finance of the Swiss Confederation have signed a ground-breaking agreement to enhance the cross-border market access of financial services between the UK and Switzerland.
Sir Jim Radcliffe agrees deal to buy 25% of football club Manchester United. BBC
Surge of family offices in the Middle East brings opportunity. Private Banker International
Nassef Sawiris set to move family office to the UAE’s capital, Abu Dhabi. Bloomberg
Second shake-up in a year for Jacques Saades family office, Merit France. Bloomberg
Swiss art dealer and Russian oligarch settle feud over art collection. FT
Tang Xiao'ou, billionaire founder behind China's AI giant SenseTime has died of an unknown illness at 55. Business Insider
VMS Group, Starts AI Fund (3CAP AGI Fund) with ex-SenseTime MD, Ester Wong. Bloomberg
Nicolas Puech, Hermès billionaire wants to bequeath fortune to his former gardener. CNN
Acadian Capital Research, to merge with Kemp Family Office Services and Cypress Financial Solutions to form a multi-family office. The Advocate
How suspects laundered billions in Singapore for years. The city-state that’s embraced foreign wealth is reeling from an investigation. Bloomberg
For family offices, reputational due diligence is critical for direct investments. Reuters
Interview: Dambisa Moyo - Deglobalisation, Volatility and Family Office Time Horizons. WealthBriefing
💼 Career Moves
Fredrik Nerbrand joins Elm Cove (SFO) as CIO.
Michel Sirat is no longer head of Saade clan’s family office Merit France. Ex-CFO will be replaced by Nicolas Reynard, previously Head of Corporate Venture Capital at CGA CGM. Bloomberg
Wildflower Capital Australia (MFO) appoints Hugh Currie, Shaun Parkin, and Abby Macnish.
Maximillian Mahn leaves Bergos for Private Family Office.
🤝 Private Markets Activity
Hildred Capital Partners, has engaged in a $65M acquisition investment in Hello Bello, plant-based food.
Saban Capital Group has participated in a $30M Series B funding round for MineOS.
Wipro Ventures has engaged in a $20M Series A investment in Kognitos. GenAI
Otium Capital participated in a $16.2M in a Series A funding round for Aria. Fintech.
Pritzker Group participated in a $8M in a Series A funding round in Machinery Partner.
IPGL Holdings participated in a $6.8M Seed investment in Sunsave. Renewables.
Artha India Ventures participated in a $1M Venture funding round for Aliste Technologies. Automation.
📅 Events.
Key Dates for 2024: (register or request an invitation)
New Year Investment Club - 1st February
Coffee with the Economists 2024 - 14th March
St. George’s Investment Club - 25th April
Summer Drinks - 19th June
Autumn Investment Club - 26th September
European Conference 2024 - 7th November
Michaelmas Investment Club - 21st November
Christmas Drinks - 5th December
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.
10 new roles listed this month, 19 closed to new applications.
Head of Private Equity - Single Family Office - Dubai, UAE
Head of Family Office - Single Family Office - London, UK
Head of Finance - Single Family Office - London, UK
CFO - Single Family Office - New York, USA
Head of Family Office - Single Family Office - Calcutta, India
CIO - Single Family Office - Atlanta, USA
Chief Investment Officer - Single Family Office - London, UK