Leading venture capitalist Matthew Salloway is on the hunt for innovative technology startups on behalf of his family office and fund and says the 5G economy is a 15 trillion-dollar economic opportunity.
NEWS & ANALYSIS
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Providing loans to companies has historically been one of the main components of commercial banking activity and goes back hundreds of years. Today, private debt comes in many forms, but most commonly involves non-bank institutions making loans to private companies based on the cashflows generated by the respective business, or for the acquisition of a hard asset (eg, real estate) or acquiring existing loans on the secondary market.
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Being heavily concentrated in a single area and/or business is often the backstory to the creation of wealth in many family instances. US Trust and Campden Research conducted a longitudinal study on family office investing and found that more than 70% of their sample identified that the source of the family wealth originated from the core family business, with 60% having an ongoing operating business.
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Manchester United owner Joel Glazer promises angry fans investment and consultation, Warren Buffett’s heir apparent is deal-maker Greg Abel, Bill and Melinda Gates to divorce but continue charitable foundation.
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Does it make sense to professionalise the management of my wealth (or that of my family), treating it in a manner comparable to how I treat my company or other businesses? In other words, should we create a family office?
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Features
Johnny Hon, founder and executive chairman of venture capital firm Global Group International Holdings, has pursued success in business as a route to giving back. He explains why philanthropy is important to him and what he has learnt along the way.
Lamberto Frescobaldi opens the cellar door on 700 years of noble Italian family business at Marchesi Frescobaldi. James Beech hears how he sustains the ancient winemaker with shrewd acquisitions, partnerships and innovations
Family Office
We see both positives and negatives to President Biden's proposals. It all comes back to a family’s balance sheet, how their wealth is structured and importantly, their goals and objectives. Some moves the president is making on the tax front will of course impact a family’s tax liabilities negatively.
Attention to strategies for the management and continuity of the assets of entrepreneurial families in Italy has grown considerably in recent years, as has the role and scope of family offices.
Most Read
- Matthew Salloway on venture capital, technology startups and investing across North America, the Middle East and Japan
- What is the impact of the family business on the family office?
- Private debt—The outlook for 2021: Is the old new again?
- Anirudh Damani on how family business founders should mentor their next generation
- The family business: A valuable model of resilience in extraordinary times
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