Our investment funds and private wealth teams have been
collaborating on a number of initiatives designed to assist family
offices in structuring private investments.
Earlier this year, Preqin published a report looking into global
asset allocation by family offices, the bias being clearly in
favour of private equity and real estate. What is even more
interesting, however, is the disruptive effect that direct
investing by single or multi-family offices is having on deal flow
which would traditionally only have been accessed by private equity
or real estate fund managers. Gillian Tett's article in
yesterday's FT highlighted exactly this point, with the example
of a US family office having paid for a significant shopping centre
entirely in cash.
