The diversification of allocations is crucial for family offices, and the private market holds significant importance in this regard.
As per the 2023 BlackRock Global Family Office Survey, the findings indicate that private markets remain a fundamental component of portfolios. In comparison to the previous study conducted two years ago, the results reveal that family offices allocate a higher percentage of their investments to alternatives (39%) than to public equities (37%).
This demonstrates the enduring appeal of private markets to family offices, as they seek to uphold or augment their allocations while expanding their diversification efforts. The bi-annual survey encompassed 120 single family offices, collectively managing a substantial asset under management (AUM) of USD 243 billion.
