Ongoing appetite for private equity, but fewer than last year planning to increase allocations
Growth equity and venture capital were the most popular fund categories
More than three-quarters of respondents engaged in direct investing
Early- and growth-stage companies were the most favored direct investments
Family offices remain keen on private equity.
That said, the percentage seeking to increase their allocation (38%) has slowed down significantly since 2022 and 2021 (63% and 52% respectively).
With direct investing, motivations are split risk, with 66% seeking opportunistic deals based on attractive valuations.
However, 38% reported pausing fresh dealmaking because of economic uncertainty.