Family Office Insider (FOI) | July 2025

📰News, 📑Research & Reports, 📅Events, 👥Jobs Board | Family Office Industry Newsletter

Jul 01, 2025

Hello, and welcome to the July 2025 edition of Family Office Insider (FOI). In the Industry Newsletter we share the latest news and developments from the family office ecosystem. Welcome to 135 new subscribers this month!

Sections:
📊 Chart of the Month
📑 Research & Reports
📰 News & Commentary
👥 Jobs Board
📅 Events

Save the Date | GPFO European Conference 2025 | 5th November

📊 Chart of the Month

Powered by GPFO Research

Cost efficiency keeps improving for smaller FOs, but plateaus elsewhere. UBS data show operating costs for $100m – $250m offices fell for a third straight year, from 58.6 bps in 2022 to 41.8 bps in 2025. Mid-tier offices ($251m – $1bn) reversed earlier gains - costs ticked back up to 42.4 bps - while $1bn+ platforms have hovered in the mid-30 bps range since 2023. The four-year average now sits at 41.1 bps, up modestly from last year’s low, suggesting that the easy efficiency wins may be behind us for all but the smallest AUM cohort.

📑 Research & Reports.

The latest reports, research and whitepapers on family offices, global wealth and select interest areas. Powered by the GPFO Research & Reports Database.

Report | 2025 Family Office Report - Rewriting the rules | Family offices navigate a new world order, BlackRock
Report | 2025 Investment Insights for Single Family Offices, BNY Wealth
Report | The Indian Family Office Playbook, EY & Julius Baer
Report | The Family Office Operational Excellence Report 2025, Alti Tiedmann & Campden
Report | Wealth Report Series 2025 - Sail the great wealth transfer, Capgemini
Report | Global Wealth Report 2025, UBS
Report | Middle East Investor Survey 2025, Preqin
Report | Global Family Business Report 2025, KPMG & STEP
Report | Leaning into the Turbulence: Private Equity Midyear Report 2025, Bain & Co.
Report | 2029 Private Market Horizons, PitchBook
Report | NAV Financing Market Report 2025, Rede
Academic Research | Single Family Offices as Search Platforms for Family Firms; Prospective Acquisition Targets, Mying-Seon Song, Academy of Management

All Research & Reports…

📰 Headlines

~70,000 apply for US Golden Visa. FT
UK sets final rules on private stock market. PitchBook
- Recap on the Secondaries Forum hosted with the London Stock Exchange. Link

US LPs pivot to European private credit for stability. PitchBook
Inside the private equity-insurance nexus. FT
Ken Moelis to step down from Moelis & Co in October. WSJ
The “motorsports mindset” behind Britain’s success in Formula One. The Economist

🏕️ Family Offices

Sebastian Siemiatkowski’s family office, Flat Capital announces previous investment in Jony Ive’s company io. Techcrunch
JAB insurance deal pivots a century-old European family fortune. Semafor
Daniel Ek’s family office Prima Materia leads $600m investment in Helsing, European Defense Tech company. TechCrunch
Leonardo Maria Del Vecchio’s family office invests in Shakira’s haircare brand. Family Capital
Sheikh Mohamed al Thani’s Irth Capital, join Apollo in bid to take Papp Johns private. Semafor
UK tycoon Souter’s family office seeks deals amid global tension. Bloomberg
Buss family reportedly sell majority stake in LA Lakers to Mark Walter in record $10bn deal. Yahoo
Corona Heiress’ family office prepares for $8bn succession. Bloomberg
Walmart heiress breaks ranks and joins anti-Trump movement. WSJ
Swiss chocolate dynasty doubles down on private equity. Bloomberg
Jim Simons’ Euclidean Capital invest in $66m Series B for Actio Biosciences. Newswire
John Textor’s Eagle Football Holdings files for US IPO. Reuters
Reid Hoffman backs neurotech startup. Bloomberg
Elon Musk’s Neuralink provides progress update. YouTube

Interested in contributing to research on family offices investing in Neurotech?

Blog: “How a generalist like me found a home as an investment firm” (Titanium Birch, single family office). by Justina Chong
Interview: Inside the mind of a Family Office: Learnings from a CIO about navigating Risk and Returns. The Recursive

💼 Career Moves

Jascha Forster is promoted to CIO at Swiss Single Family Office, Spectrum Value Management.
Jacek Grel joins Poland based Single Family Office from Santander TFI.
Juergen Tetzlaff joins Swiss based Single Family Office from UBS.
Patrick Wales is promoted to CFO at Allegra Ventures and Australian Family Office.

✨ Impact & Philanthropy

Buffett donates $6bn in Berkshire stock to 5 charities. Barrons
Duquesne Family Office invests in PureCycle Technologies post-IPO equity financing. Newswire
Larsen Lam Climate Change Foundation invests in $50m Series A of Aircapture. Newswire

🤝 Private Markets

Editors Pick: Why companies stay private longer (SPL) and what it means for family offices as VC LPs. Max Khalkhali

The US government helped create 24% of unicorns, a study finds. Pitchbook
Think again: busting the emerging manager myths. Unigestion
Juniper Square announces $130m Series D at $1.1bn valuation. Newswire
Fintech platform Wealthfront files to go public. Reuters
Private equity firm to finance Harvard research lab, a possible template for the future. STAT

👥 Jobs Board.

Full Jobs Board accessible via the industry or members portals. Currently 42 actively recruiting roles in single family offices. 20 new roles listed this month, 12 closed to new applications. Hiring?