While Family Offices Slow Venture Investments, Certain Sectors Remain Strong
Macroeconomic uncertainty has slowed venture investments
FO investment in venture dropped 55% from 2021, including a 60% drop in late-stage investments and a 44% drop in early-stage rounds.
Certain sectors remain strong
FO investments in technology and healthcare innovation have remained relatively strong, particularly in the areas of alternative care and companies that use AI/machine learning technology to aid in drug discovery.
Family offices are adjusting their portfolios to navigate volatile markets
FOs are more likely to re-up with funds already in their portfolio and established funds rather than seeking out new managers.