Family offices have steadily decreased their contributions to private equity on a median basis over the past two years, according to new global data from Preqin.
Preqin’s data, shared with S&P Global, shows that median allocation to private equity from family offices reached 20% in both 2020 and 2021, which were the highest levels since 2015. Family offices have since allocated a median contribution of 16% to private equity in 2023, compared with 17% in 2022.
Chicago-based Vivaldi Capital Management has led all wealth management firms, with $3.1 billion in family office funds invested in private equity, according to Preqin data compiled March 19.
Four additional wealth managers invested more than $1 billion in family office allocations to private equity: Align Impact, CoastEdge Partners LLC, Munich Private Equity AG and BNY Mellon Wealth Management.