The number of family offices worldwide has tripled since 2019, leading to competition among private equity firms, hedge funds, and venture capital firms to attract their investments. Family offices now manage over $6 trillion and have the highest allocation to hedge funds of any type of institutional investor. Private equity firms like Blackstone, KKR, and The Carlyle Group are aggressively targeting the family office market, which is viewed as a substantial and growing opportunity.
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Read more from the CNBC article by Robert Frank below.
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