1、2025 GLOBAL FAMILY OFFICE REPORT/2D2025 Global Family Office ReportAt a GlanceStrong returns across public and private markets translated into more capital and flexibility for families,with wealth creation accelerating in the United States and globally.Growth defined the global family office ecosyst

2、em in 2025.Even so,concentration remained a defining feature for many entrepreneurial families,with portfolios still anchored to core operating businesses and the sectors that drove their original wealth creation,often extending into adjacent industries.Liquidity strengthened materially,supported by

3、 private market exits,public market gains,and a more constructive IPO backdrop.Strategic M&A,sponsor-backed activity,and VC secondaries drove a new wave of realizations,accelerating diversification and prompting families to formalize family office capabilities earlier.The most visible liquidity came

4、 from technology and AI-adjacent sectors,where many families and founders still hold concentrated positions.Energy,finance and media were other notable areas.This growth is reshaping not only portfolios,but operating models.Newer offices,often formed by younger principals with technology roots,are i

5、ncreasingly being set up earlier and run like active investment platforms,with more appetite for direct investing and quicker decision making.At the same time,established multi-generational families continue to build and expand institutional-grade offices,formalizing governance and strengthening inv

6、estment capabilities for long-term stewardship.Wealth migration remains a key theme to watch.Families are optimizing for global access,resilience,and optionality by building or expanding their presence in gateway markets such as Singapore,Dubai,Miami,and Switzerland.A key catalyst has been shifting