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Laxman Pai, Opalesque Asia:

The global family offices segment is increasingly investing in startups, both directly from their family offices and through venture capital funds, according to research from SVB Capital and Campden Wealth.

"The next generation taking charge of family wealth are seizing more opportunities in the world's $418 billion venture capital space and powering the expansion by family offices into early investments," said the study.

The venture capital was the highest-ranked area for next-generation family members to be involved at 39%. VC took second place as the most common area last year at 33%, but the space has now proven more popular among next-gens than philanthropy at 37%, management/executive roles at 24% or ESG/impact investing, also at 24%.

However, the best venture deals continued to be hard to access and most family offices relied on their existing network for deal flow. Recruiting and retaining expertise in venture capital remained a challenge for many family offices.

The study found family offices in 2021 held on average 10 venture funds and 17 direct venture investments, up from eight funds and 10 direct investments in 2020. Families told Campden Wealth they expected to make on average 18 new investments, of six funds and 12 direct deals, within the next 24 months.

Investments leaned towards growth investments, representing 48% of the venture portfolio, followed by 28% in pre-seed and seed investments and 24% in Series A inve......................

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