Our Market

Private Markets

Private markets have grown steadily over the past 20 years but still represent only 6% of the public markets.

Source: BlackRock Investment Institute, with data from Preqin, June 2020.

Notes: The bars represent the sum of net asset value of closed-end funds as well as dry powder of funds in these asset classes: private equity and venture capital, real estate, private debt, infrastructure and natural resources. The line shows the size of private markets relative to that of public markets.

PE is a core part of Family Office allocation

32%

of new deals of Family Offices come from banks

42%

of Family Offices view due diligence provided by advisers as crucial for assessing risk /return matrix

77%

of Family Offices are allocated to PE, with Directs being a key part of portfolios

“Family offices appear to be leading the ESG integration, planning to increase their allocations”

52%

of family offices say that climate change has already influenced their investment choices

24%

Target allocation to Sustainable investments

*Survey conducted among 121 single Family Offices with average AuM of $1.6bn

“For many business families PE is in the blood”

47%

invest in both funds and direct investments, up from 31% in 2020

75%

think PE will deliver higher returns than public equity markets, while 44% see it as a source of diversification

“In the turbulent post-COVID-19 environment, family offices took comfort in the greater control they could exercise over direct investments”.

*Survey conducted among 121 single Family Offices with average AuM of $1.6bn

Total number of direct venture investments made by family offices, globally

4.2%

Share of Family office in global VC deals
Totalling $27bn in 2020

17

Number of Direct venture capital investments in FO portfolios v 10 Funds (Campden Wealth 2021 report)

Source: Pitchbook and SVB analysis.
Note: 2021 1H data current as of August 31st 2021. Deal count captures investors that self identify as family offices. Many FOs with established “single LP funds” do not self identify as family offices with Pitchbook, so the numbers presented will underestimate actual FO investment activity. Excludes all investments made into funds as LPs.

Obstacles remain for UHNWIs to increase their allocation to private market opportunities

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12/2/23
Market Watch: Family Offices & PE
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With most family offices’ objective remaining to grow wealth, the changing economic landscape is causing concern. 

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2/6/22
UBS: 2021/20222 Family Office Flash Survey – Luxembourg
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2/6/22
Campden Wealth and SVB Family Office Investing in Venture Capital 2021-22
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As of Q3-21, $418bn were invested in venture capital deals globally, surpassing the full year record established in 2020 of $333bn. 

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2/6/22
UBS: Global Family Office Report, 2022
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Continued low interest rates have shaken family offices’ long-standing faith in fixed income. 

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15/2/22
Five questions to:  Frederic de Narp about sustainable luxury
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By Frederic de Narp, Co-Founding Partner & CEO of Luximpact

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15/2/22
The importance of an ESG strategy for private equity.
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By By Oriane Schoonbroodt, director in PwC's "Strategy&" business

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27/10/21
3Q21 Medical Device Industry Read-Throughs (So Far)

Healthcare

By John C McCormick, Managing Director at InnovaHealth Partners, LP

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29/9/21
PE/VC 2020 Market Summary

Luxury

DeepTech

Healthcare

2020 was marked by unprecedented disruptions brought by the COVID pandemic, but also the resilience of both the private and public markets.

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