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FINTRX Family Office Data Report Q3 2021

October 25, 2021

Q3 of 2021 continued to be a busy one for FINTRX and the private capital markets altogether. Throughout July, August, and September 2021, the FINTRX data and research team added and updated hundreds of family office profiles and key contacts within our database. In continuing our mission to provide capital-raising professionals access to unparalleled family office insight, we compiled this report to showcase high-level family office statistics, prominent themes, and further exploration of the private wealth landscape.


Contents:

- Note from our VP of Research
- Introduction
- Q3 Data Highlights
- Monthly Data Breakdown
          - July Family Office Platform Updates & Additions
          - August Family Office Platform Updates & Additions
          - September Family Office Platform Updates & Additions
- Single Family Office vs Multi-Family Office Breakdown
- Origin of Wealth Breakdown
- Asset Class Interest Breakdown
- Assets Under Management Breakdown
- Direct Transactions
          - Top 6 Sectors of Interest
          - Key Family Office Transactions Throughout Q3
- Family Office Regional Breakdown
- Conclusion


Note from our VP of Research

Welcome to our Q3 2021 Family Office Data Report. FINTRX was originally established with the mission of increasing the productivity of asset-raising professionals worldwide. Since 2014, we have remained dedicated to this mission by providing reliable, comprehensive research and analytics surrounding the private wealth industry. Our product and data offering continues to improve, helping solve the complex issues industry professionals face daily.

Our research team remains dedicated and forward-thinking, continuously striving to enhance the breadth and depth of our data. We aim to enhance our clients' outreach process through credible, bottom-up research and analytics, coupled with cutting-edge technology.

Introduction

Despite changing market landscapes, family offices continue to grow on a number of levels, including assets under management, direct transactions, co-investment opportunities, and the number of family offices created - both in the United States and worldwide. It's important to note, this report has been produced exclusively utilizing our expansive family office data and research platform. Thanks to our dedicated research team - who updates and expands our vast data set daily - we can share high-level information regarding family offices and the private wealth ecosystem at large. This cross-section of our complete data set provides an accurate representation of the family office growth that took place throughout Q3 of 2021.

From July to September 2021, our research team made over 2,250+ updates and over 4,480+ additions to our dataset including the addition of 48 new family offices, over 2,820+ new family office contacts, and more than 1,620+ tracked investments throughout the quarter.


Q3 Data Overview

Q3 2021 FINTRX Data Overview


Monthly Data Breakdown

July Family Office Platform Updates & Additions:

Throughout the month of July, our research team added 16 new family offices, 1,010 new family office contacts, and 500 newly tracked family office investments to our dataset. Over 600+ updates were made, including 276 updated family office entities and 340 updated contacts.

July Family Office Platform Updates & Additions

August Family Office Platform Updates & Additions:

Throughout August, our research team added over 1,300+ new data points, including the addition of 17 new family offices, 795 new family office contacts, and over 500+ newly tracked family office investments. Over 700+ updates were made, including 251 updated family office entities and nearly 500 updated contacts.

August Family Office Platform Updates & Additions

September Family Office Platform Updates & Additions:

Throughout the month of September, our research team made over 1,600+ additions to our dataset, including the addition of 15 new family offices, 1,020 new family office contacts, and over 600+ newly tracked investments. Nearly 900+ updates were made, including 415 updated family offices and nearly 500 updated family office contacts.

September Family Office Platform Updates & Additions


Single-Family Office vs Multi-Family Office Breakdown

Single-Family Office vs Multi-Family Office Breakdown


Origin of Wealth: Top Sectors

While a number of variables play a role in the types of investments family office entities make, a more prevalent pattern elucidated by our research is often the connection between the industry of wealth origin and the industry of investment interest as they often have more knowledge in that specific field. As seen in the chart here, a majority of newly added family offices created their wealth either as entrepreneurs or in the financial services, technology, and investment management landscapes.

Origin of Wealth: Top Sectors


Asset Class Interest Breakdown

Family offices often invest with two strategies in mind, wealth preservation, and asset growth. Alternative asset classes often allow for both. Below, we outline alternative asset classes of interest for this particular subset. A majority of new family offices added to the FINTRX platform throughout July, August, and September show a large tendency to make direct investments, with 78% of family offices choosing the direct route. Real estate and private equity followed, at 67% and 61%, respectively.

Screen Shot 2021-10-25 at 3.09.31 PM


Assets Under Management Breakdown

Assets Under Management Breakdown

Here, we outline the assets under management (AUM) breakdown of new family offices added to our dataset throughout Q3. The most prevalent among this sample size are those with AUM between $400M-$1B at 34%, followed by those with AUM between $100M-$400M, at 22%. The following AUM ranges make up the remaining 44%, with each at 11%, respectively.


Direct Transactions

Direct investments allow the family office to focus on buying companies of a preferred size or industry, ultimately ensuring greater control of their capital. Finding a suitable deal takes an extensive network with key relationships. Because family offices often specialize in a single industry or sector, they often have the knowledge and resources needed to ensure success.

Top 6 Sectors of Interest:

Top 6 Sectors of Interest

As outlined, 34% of newly added family offices made direct investments in privately held tech companies. Other sectors of interest for this subset include financial services at 24% and healthcare & biotechnology at 20%.

Key Family Office Transactions Throughout Q3:

Below, we highlight key transactions of family offices that took place throughout Q3. Below, you can see the family office making the transaction, the month and year when the transaction took place, the funding round, the size of the round, the funded company, and further details on the company itself.

Key Family Office Transactions Throughout Q3


Regional Family Office Breakdown 

Below, we provide a regional breakdown of the new family offices added to our dataset between July and September 2021. Throughout these months, 50% of newly added private wealth vehicles are domiciled in North America. Europe followed at 33%, while Asia and the Middle East made up 9%, collectively. The rest of the world made up the remaining 8%.

Regional Family Office Breakdown 

Top Regions with New Family Office Activity:

- North America: 50%
- Europe: 33%
- Asia & Middle East: 9%
- Rest of World: 8%


Conclusion

Q3 of 2021 continued to exhibit healthy growth across the FINTRX data set and the family office landscape as a whole. As outlined, our private wealth insights have grown to include an extensive analysis of 3,090+ family offices globally and 15,800+ decision-making individuals that work within them.

Throughout our research, we continued to observe family offices harnessing direct investment opportunities. Direct investments are often an optimal route for family offices as the direct route allows the family office to focus on buying companies of a preferred size or industry, ultimately ensuring greater control of their capital. Technology remained the leading industry for family offices going direct, with nearly 200 transactions made into private tech companies throughout the quarter.

Additionally, our data team added approximately $28.9B+ of family office assets under management throughout to our dataset. Through our continued expansion of strategic partnerships, private sourcing methods, and public aggregation, FINTRX ensures credible family office intel to our global client base.

Download the full 13-page report below: 

Q3 2021 FINTRX Family Office Data ReportAccess Your Full Copy


FINTRX provides comprehensive intelligence on thousands of private family offices, each designed to facilitate your prospecting and capital-raising efforts. Explore in-depth profiles on each family - AUM, source of wealth, investment criteria, previous investment history, industries of interest - and other key data points to help elevate your workflow. FINTRX offers an inside look at the alternative investment industry and private capital markets.

With complete coverage of over 3,090+ family offices, 15,800+ family office contacts, and 19,600+ tracked investments, FINTRX ensures direct access to accredited investor intelligence. The FINTRX platform is an essential tool in understanding the family office landscape in the U.S. and abroad, while also empowering users to uncover commonalities with these family offices for effective, personal outreach.

For an in-depth exploration of the FINTRX family office platform, click below:

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For more practical family office insights and best practices, visit the 'FINTRX Resource Library' below. 

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Written by: Renae Hatcher

Renae Hatcher is member of the marketing team at FINTRX - focused on delivering targeted & relevant family office content to our subscribers.

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