Dr. Rebecca Gooch (Campden Wealth): rising trends of family offices’
Dr. Rebecca Gooch, Director of Research at Campden Wealth, shares her insights on the increasing footprint of family offices worldwide, their asset class composition and the impact of sustainable investment on their investment strategies.
What are the main takeaways of the Global Family Office Report?
The family office space is growing rapidly. Campden Wealth estimates that the number of single-family offices has risen by 38% worldwide over the last two years. There are now an estimated 7,300 single-family offices globally, with 42% in North America, 32% in Europe, 18% in Asia-Pacific and 8% in the emerging markets of South America, Africa and the Middle East. Private equity and real estate account for over a third (35%) of the average family office portfolio globally, respectively representing the second and third largest asset classes in which family offices invest. These two asset classes were also the top performers of 2019 with direct private equity returning an average of 16%, private equity funds returning an average of 11% and real estate returning an average of 9.4%.
“There are now an estimated 7,300 single family offices globally, with 42% in North America, 32% in Europe, 18% in Asia-Pacific, and 8% in the emerging markets of South America, Africa and the Middle East.”