Family offices are poised to pour billions into private equity and private companies in 2023, according to RBC and Campden Wealth’s 2022 North America Family Office Report.
Family offices plan to allocate more money to private equity than any other asset class over the next year, according to the report. Nearly half (46 percent) of family offices surveyed say they plan to put more money into private equity funds next year, while 41 percent plan to add money for direct deals with private companies, according to the report. In comparison, just 24 percent plan to put more money into publicly traded stocks during the next year, while another 23 percent plan to reduce their exposure to stocks.
While family offices have been shifting from public to private markets for years, 2023 could mean an acceleration.
To read the full report, click here
