What is Family Office?
A family office is a private firm that manages the investments and affairs of a wealthy family. Family offices are increasingly active limited partners in venture and private equity funds.
A family office manages the wealth of one family (single-family office) or several (multi-family office), handling investments, tax, estate planning, and sometimes philanthropy. Many run substantial direct and fund investment programs and are prized LPs because of their long time horizons and flexible mandates.
Family offices have become one of the fastest-growing sources of capital in private markets, frequently acting as anchor investors and co-investors.