The UBS 2023 Global Family Office Report highlights family offices still have ambitions to enhance their private equity holdings over the next five years.
Although their optimism may be slightly tempered compared to previous years, there is still a notable positive sentiment. Encouragingly, over the next five years, 41% of family offices have plans to expand their direct investments, while an impressive 35% intend to increase their allocations to funds or funds of funds.
This signifies a continued focus on growth and strategic investment decisions within the family office sector.
