Family offices have tripled since 2019, creating a new gold rush on Wall Street
Publishing timestamp: 2024-03-08 11:12:56
Summary
The number of family offices worldwide has tripled since 2019, reaching over 4500 last year. Private equity firms, hedge funds, and venture capital firms are now in a race to attract their investments, as family offices now manage $6 trillion or more. The boom in family offices has caught the attention of major private equity firms like Blackstone, who are aggressively expanding their teams and products to cater to this growing market.
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Keywords: investment strategy, business news, business, blackstone inc, breaking news: investing, wealth,
Source: https://www.cnbc.com/2024/03/08/family-offices-tripled-creating-a-new-gold-rush-on-wall-street.html