The Unexpected Impact of Family Offices on PE Portco Operations

Family offices have emerged as a worthy competitor to PE for talent, capital, and assets. How is the competition impacting the actual management of assets?

Family offices have been around for years – longer than private equity firms. However, in recent years the number of family offices has exploded. According to Preqin, the number of family offices in the world tripled between 2019 and 2024, managing upwards of $6 trillion in assets. By 2030, Deloitte Private expects the number of family offices to be larger than the number of hedge funds.

This growth has been positive in many ways for private equity, providing new avenues for fundraising and capital formation. But it is also a double-edged sword.