Family Offices

The United Arab Emirates, of which Dubai is a part, is poised to be the top destination for relocating millionaires this year, according to a report from migration advisory firm Henley & Partners

Family offices in India manage an estimated $30 billion in assets under management (AUM), a small portion compared to the global AUM of family offices, which stands at around $6 trillion

Family Offices in India projected for 14 per cent growth in Asset Under Management (AUM) and a 5 per cent increase in alternative investments over the next 3 years, a report said. AUM for mid to large-sized family offices in India will grow at a Compound Annual Growth Rate (CAGR) of 14 per cent over the next three years, potentially increasing by 1.5 times, a report by Sundaram Alternates titled 'From Legacy to Leadership' said. This report highlights the significant evolution of family offices as they transition from wealth preservation to a growth-focused mindset. Indian family offices are increasingly embracing alternative investments, with a projected 5 per cent increase in allocations to 18 per cent over the next three years, it said. This aligns with a global trend, where family offices allocate more than 50 per cent of their assets to alternatives, it said. The shift reflects a strategic move toward diversification, niche investment strategies, and active participation in .

The clarification comes in the wake of a recent debate on social media claiming that Indian regulators have stopped allowing local family offices to set up investment funds in its new finance hub

Family offices are increasingly venturing into startups and venture capital, although they typically prefer to see some traction before investing

Consumer, retail and transportation and logistics technology startups have been the largest beneficiaries

'Shift is driven by favourable valuations and the diminishing stigma associated with selling a family business'

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The government's push to tighten various investment regimes has accelerated since March, with agencies setting out additional requirements that must be met in the coming months

Since 2019, as the rich get richer, the number of family offices worldwide has more than tripled, to almost 4,600 last year, according to investment data provider Preqin Ltd

The financial services hub gives tax breaks and opportunities to make investments

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The Adani family is currently talking to consultants and tax experts about the plans, the people said

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Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up

Not only that, 83 per cent family offices have an allocation to private markets that is more than 10 per cent of their overall asset distribution

'Jupiter Capital invested in multiple industries with each investment providing a stellar performance', said Abikzir