Family offices — the in-house investment and service firms of high-net-worth families — are becoming more confident about finding and negotiating their own private equity deals.
Half of family offices plan to do"direct deals" — or invest in a private company without a private equity fund — over the next two years, according to a family office survey from Bastiat Partners and Kharis Capital.As they grow in size and sophistication, family offices are becoming more confident about finding and negotiating their own private equity deals.
One solution, according to the report, is for family offices to start developing more public profiles and network with each other more to attract deal flow. According to the survey, 60% view networking with other family offices as"important," and 74% are"eager for more introductions."