Hedge Funds

Rich Families Go Solo On Deals, Moving Away From Private Equity

by bloomberg.com posted 3years ago 814 views
Family offices, which manage the financial and personal affairs of the wealthy, are increasingly taking stakes in companies and committing staff to such efforts rather than investing in private-equity funds. About 81 percent of offices have at least one full-time employee sourcing and evaluating direct investments, according to an annual survey by the Family Office Exchange released Wednesday.