At the beginning of 2021, First Republic Bank and Oper8r surveyed family offices across the United States and globally to get a better understanding of their investment strategies, primarily how they invest in venture capital (VC) funds and make coinvestments. Of the family offices we surveyed, the key findings include:
- Family office allocation to VC more than doubled year-over-year.
- 20% of family offices exclusively invest in emerging VCs (versus a mix of established and emerging).
- 75% of family office LPs are interested in investing in a first-time fund.
- About 90% of family offices are making coinvestments, with the most active family office making 20 investments per year.