Justin Mitchell
Why this is important: more and more major banking institutions are seeking to cater to family offices. BMO Wealth Management recently tapped Shannon Kennedy to run its re-branded family office division, BMO Family Office, with a focus on alternative investments for high net worth clients and single-family offices. Kennedy came to BMO Family Office from […]
Why this is important: the amount of wealth controlled by family offices is growing. UK-based Campden Wealth estimates that there are about 7,300 single family offices worldwide which hold $5.9 trillion in assets under management. “This number has jumped a significant 38 percent in the last two years, with the greatest rise over this period […]
Why this is important: Blu Family Office says their fund offers a way for families to avoid private banking fees. Blu Family Office, a multi-family office based outside London with about $1.3 billion under management, has launched a fund it describes as an “all-in-one investment solution,” providing clients with exposure to a variety of investments […]
Recently added a team member to manage private investments Prefers funds where it knows the principals Funds backed include Insight Ventures, RRE Ventures and Tiger Global Management In the 1980s, Jim McCann made his fortune when he took his small floral business and branded it on a national level as 1-800-Flowers, making it one of the first companies to […]
Wildcat Capital Management invests on behalf of PE titan David Bonderman Family office serves six high-net-worth individuals, 10 pooled investment vehicles and one charitable organization Invested in Spring Fertility because fertility sector has “strong macro tailwinds” Wildcat Capital Management’s decision to make a growth equity investment in California-based Spring Fertility did not come easily. “It took us a long time,” said Drew […]
Why this is important: more wealth management firms are looking to cater to family offices. Balentine LLC recently hired Mark Bell as head of family office services and private capital, as the Atlanta-based wealth management firm seeks to respond to recent trends in the private capital space by catering to high net worth investors. “The […]
Why this is important: Wildcat recognized enormous investment opportunities in the fertility sector. Wildcat Capital Management’s decision last week to make a growth equity investment in California-based Spring Fertility did not come lightly. “It took us a long time,” Drew Tarlow, Wildcat’s principal, told Buyouts. Wildcat is the family office investing the wealth of David Bonderman, […]
Why this is important: Clarim believes services for the affluent are a viable investment. In the 1980s, Jim McCann made his fortune when he took his small floral business and branded it on a national level as 1-800-Flowers, making it one of the first companies to integrate an 800 number into its identity. “If we weren’t out front […]
Why this is important: Robbins has deep ties in the finance community. The Family Office Association appears to be going forward with an event headlined by self-help guru Tony Robbins, despite a series of Buzzfeed stories saying former fans and employees alleged verbal abuse and sexual harassment. The event, also sponsored by Dibico Construction, is scheduled for Aug. 13-14 in […]
Why this is important: HREV’s attracted institutional investors into a traditional structured fund for OZ investments. Halpern Real Estate Ventures last month closed on almost $30 million to its first opportunity zone fund. Its investors include a major institutional investor, two multibillion-dollar family offices and several other high-net-worth and ultra-high-net-worth investors, the company told Buyouts. “We’re […]