Family Office Insider (FOI) | September 2023
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Family Office Insider (FOI) | September 2023
News, Research, Publications, Events, Jobs Board | Family Office Industry Newsletter
Hello, and welcome to this edition 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:
📑 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. 250+ 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 | UBS Global Wealth Report 2023 - UBS
Report | Co-investment: A promising alternative to traditional private equity vehicles - EY
Report | State of the Series B Ecosystem - SignalRank
Report | Citi Family Office Investment Report | Q1 2023 Capital Flows & Insights - Citi Private Bank
In the news.
📰 Headlines
Monetary Authority of Singapore (MAS) consults on proposed framework for single family offices. Lexology
Commentary: Singapore’s new family office rules raise costs, and reporting requirements. AsianInvestor
Collective of Silicon Valley billionaires plan to build new city in rural California, buying up more than 202 square kilometers since 2018. AP News
Albert family office gets loud about in push for gender equality. Australian Financial Review
Vietnam’s wealthiest man, Pham Nhat Vuong, poised to briefly triple fortune on EV bet. Bloomberg
Three prominent Indian family offices buy Softbanks stake in FirstCry. BQ Prime
Iconiq Capital dials back its commitments to ethics. Bloomberg Law
Family Offices embrace ‘catalytic capital’. Economic Times
Citigroup expect 25% increase in Asian family office clientele in 2023. Hubbis
Banking sector fears propel family offices towards metals. Financial Standard
Why India’s UNHWI are eyeing family offices overseas. AsianInvestor
Listen: Mitch Kapor and Freada Kapor Klein of Kapor Capital discuss the misconception that doing good negatively impacts venture returns. Harvard Business Review IdeaCast
💼 Career Moves
Simon Vumbuca launches ASV Private Office with a focus on sports and entertainment and appoints Kate Fired as general counsel. Press Release
Harinder Hundle leaves TwinFocus to launch own firm Hundle. Bloomberg
Antonio Curia leaves Wimmer Family Office and launches Meile Private Office. Release
Chris Merry steps down as CEO of Stonehage Fleming. International Adviser
🤝 Private Markets Activity
Willett Advisors participated in a $255m Series C investment in Cellares, a company revolutionizing cell therapy manufacturing. Biotech
CAM Capital, participated in a $145M Series B extension in Kyverna Therapeutics. Biotech
Breyer Capital participated in a $60M Series B investment round in Elemental Cognition. AI
Hillman Company participated in a $37M Series C funding round in Virtualitics.
Sparta Group LLC participated in a $30M Series C round in Instylla.
Premji Invest, participated in a $25M Series A funding round in Ikigai Labs. AI
Knollwood Investments participated in a $23.8M Series A funding round for Env0.
Moore Ventures participated in a $22M Series B round in Kraftblock.
H14 participated in a $12M Venture funding round in Qualifyze.
Abacon Capital participated in a $11.9M Series B investment round in Wireland, EV
Hellen’s Rock Capital participated in a $6.9M Seed round in Rolla.
Sharrp Ventures participated in a $5M Series A funding round in SuperBottoms.
Timberline Holdings participated in a $2.3M venture round in Birdstop.
📅 Events.
What's on in September: (register or request an invitation)
Private Briefing - Investing in India | Zurich (12th Sept.) & London (14th Sept.)
International Investment Afternoon | London (21st Sept.)
Charity Shoot in partnership with Holland & Holland in support of Magic Future Foundation | UK (27th Sept.)
Autumn Investment Club | London (4th Oct.)
Keynote from James Ginns of the Centre for Long-Term Resilience (CLTR)
Less than 3 months until our annual European Conference at The Royal Society in London.
👥 Jobs Board.
Full Jobs Board accessible via the industry or members portals. Currently 49 actively recruiting roles within single family offices and private multi family offices around the globe.
32 new roles listed this month, 15 closed to new applications.
CFO - Single Family Office - Los Angeles, USA
COO - Single Family Office - Singapore
Portfolio Manager - Single Family Office - Hong Kong
Legal Counsel - Single Family Office - Lugano, Switzerland
Director, Investments - Single Family Office - Pennsylvania, USA
Head of Family Office - Single Family Office - London, UK
CFO - Single Family Office - Utah, USA
CEO/CIO - Single Family Office - Hong Kong
CFO - Single Family Office - Los Angeles, USA
Senior Investment Analyst - Single Family Office - Abu Dhabi, UAE