While Family Offices Slow Venture Investments, Certain Sectors Remain Strong
Family office (FO) venture portfolios are expected to seek buying opportunities in 2023.
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.