Family Office Insider (FOI) | May 2024
News, Research, Publications, Events, Jobs Board | Family Office Industry Newsletter
Hello, and welcome to the fifth 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 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 | 2024 Global Private Markets Report. McKinsey & Company
Report | Wealth Management Insight Report 2024 - Adaptive Strategies in a Dynamic World. PwC
Report | 2024 Global Wealth Management Industry Report. EY
Report | Private Fund Trends Report 2024. NASDAQ
Report | State of pre-Seed Q1. Carta
Research | NACUBO Study of Endowments for 2023. Partners Capital
White Paper | New opportunities for the Swiss family foundation. PwC
Research | Family Offices: A New Era of Growth | Hedgeweek Insights Report. Hedgeweek & SS&C
Advisor FinTech Landscape Map. kitces.com LLC
News.
📰 Headlines
Profile of Javier Milei. Economist
Vietnam tycoon Lan sentenced to death over $12bn fraud. Bloomberg
Princeton endowment chief sees ‘worst ever’ private equity liquidity. FT
Family offices slow private equity investments; limited partner deals in decline. S&P Global
Comment: How’s the PE Winter looking? FT
Asia’s next-gen want fulfilling jobs, from venturing to family offices. Citywire
Family offices in Singapore show growing interest in nature-friendly investments. The Strait Times
Mapping the family offices spreading wealth across startups in SEA. Tech in Asia
Family Offices make up over one-third of Australian private market investors. AsianInvestor
Britain’s anti-greenwashing rule for finance takes effect. Reuters
Shaping the future: how family offices are leading the $84 trillion wealth transfer. Nasdaq
Wealthy investors weather the inflation storms. FT
Two brothers, a big biotech bet and an $8bn payout. WSJ
Oxford University research initiative launches first series dedicated to family-led organisations and impact. FE News
Family owned beauty group Puig, looks to raise EUR2.5bn in IPO. FT
How succession can make or break a family business. FT
Why Wall Street’s biggest wealth managers could face an avalanche of lawsuits thanks to one judge’s ruling. Business Insider
China’s rise in art market osters demand for advisory services from banks. South China Morning Post
Podcast of the Month: Markets wrap: Q1 themes, IPOS and the health of private markets.
[Talking Capital]
Ian and Robert discuss - Markets: what were the major themes of the first quarter and what might this mean for the rest of 2024? IPOs: what does the recent launch of Truth Social and Reddit as public companies indicate about the landscape for IPOs, and the health of the market more broadly?
💼 Career Moves
Edoardo Spezzotti steps down as CEO from Ergeny, Sefano Pessina’s family office and replaced by Gregory Boyle.
Carly Doshi joins HSBC as Head of Wealth Planning and International, from JP Morgan.
Schroders Wealth Management appoint Clare Anderson as Global Head of Family Office Service and Lyn Tomlinson as Head of Impact Solutions.
🤝 Private Markets Activity
Jericho Capital participated in a $70M Series C funding round in SiMa.ai.
Hildred Capital Partners participated in a $65M Series F funding round for Binx Health.
Duquesne Family Office and Bezos Expeditions participated in a $63M in Series B funding in Perplexity. AI
Emerson Collective participated in a $60M Series B funding round in Midi Health.
Schooner Capital participated in a $48M in Venture funding in Selux Diagnostics, Inc.
Saban Capital Group participated in a $25M Series D funding round for Snappy.
Patterson Thoma Family Office participated in a $20M Series C funding round in Cariloop.
👥 Jobs Board.
Full Jobs Board accessible via the industry or members portals. Currently 35 actively recruiting roles within single family offices and private multi family offices around the globe.
20 new roles listed this month, 24 closed to new applications.
Head of Family Office - Single Family Office - London, UK
Deputy Group CFO - Single Family Office - London, UK
Head of Family Office - Single Family Office - Zurich, Switzerland
Executive Director (Foundation) - Single Family Office - Boston, USA
General Counsel - Single Family Office - Houston, USA
Director of Operations - Single Family Office - San Francisco, USA
Investment Analyst - Single Family Office - Dubai, UAE
Investment Director - Single Family Office - Hong Kong
📅 Events.
May Dates: (register or request an invitation)
1st May - 2nd “Building Impact” Member Roundtable - London, UK.
8th May - Publication of the Spring Edition of Family Office Global (FOG)
22nd May - Publication of GPFO Private Markets Benchmark Report 2024.