Family office venture portfolio performance exceeded expectations
Family office (FO) venture portfolios demonstrated strong returns in 2021, and FOs continue to invest in the asset class.
Family office venture portfolios exceeded expectations
FOs reported an internal rate of return (IRR) of 24% from their venture portfolio in 2021, while 2020 respondents reported 14% IRR. FOs expect to increase investment in venture in 2022-23.
Family offices are investing in specialist, diverse and female-led funds
80% of FOs are interested in sector or thesis-driven funds, and 60%+ of FOs are interested in ethnically diverse and female-led funds.
Increased interest in ESG and impact-focused VC investments
80% of FOs are making venture investments in ESG and impact-focused funds and startups. Climate change is the top area of interest.