Family offices thrive in a tech-savvy startup world
Investment vehicles operated by billionaires and ultra HNIs are expected to contribute around 30% of the estimated $100 billion to be raised by startups in India by 2025.
Investment vehicles operated by billionaires and ultra HNIs are expected to contribute around 30% of the estimated $100 billion to be raised by startups in India by 2025.
The family office space is rapidly growing. Hence, it becomes imperative to understand the role of a family office and its functions, in order to differentiate them from traditional wealth managers.
Though investors are revising their commitments to alternatives in 2020, most are not adjusting their longer-term plans, says Preqin.
When the family consider it a privilege, their attitude is that of reverence and respect.
A report by Edelweiss Private Wealth Management and Campden Family Connect shows that only 19% of succession plans are written and formally agreed upon.
Family offices are helping India’s tycoons protect their personal wealth and stay ahead of the times by investing in cutting-edge new economy businesses.
Editor’s letter from the August 2018 issue.
Smarter joint families are realising that it makes more sense to split up, if only to preserve the family wealth and relationships, regardless of what the society thinks.
Wealth can come in many forms: land, shareholdings in various ventures, equity investments, art, wine, and even cigars. Family offices can help to keep track and grow the wealth of family businesses