asora blog | family office insights

The Family Office Roundup #20

Written by Asora | Feb 9, 2024 4:00:00 PM

Source:  Ocorian Outlook 2024 Report 

REPORT 

OCORIAN: OUTLOOK 2024 

Highlights include:  

  • Survey shows a robust surge in global investment risk appetite. 67% of participants believe deal pricing will turn more favourable. Additionally, expectations of lower inflation and interest rates also contribute significantly to this positive outlook. 
  • 85% of private equity, venture capital, and real estate fund managers anticipate a surge in capital raising by their firms in 2024. Key reason is growing investor appetite for diversification. 
  • 98% of family office professionals surveyed plan to increase the level of outsourcing at their organisation over the next three years. 
  • The trajectory for family offices in 2024 is one of active engagement and strategic evolution, with 94% of family offices gearing up for acquisitions. 

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REPORT 

BOTOFF CONSULTING: 2024 COMPENSATION & TALENT PLANNING REPORT 

Highlights include:  

  • Executives and staff in Middle Eastern and European family offices saw significant increases in salary and bonuses over the past year, with a continued focus on flexible working arrangements. 
  • Family offices in Asia-Pacific are experiencing the highest rise in executive salaries, while the Middle East leads in staff salary increases. 
  • Despite global variations, family offices across regions are grappling with talent acquisition challenges and are adapting to hybrid work models to attract top talent. 
  • Note on distribution of the 347 firms surveyed: 75% were from the Americas, 22% from Europe, and 3% from APAC and Middle East 

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INSIGHTS 

THE ROLE OF FAMILY OFFICES IN STARTUP SUCCESS 

Family offices are increasingly prominent in venture funding, becoming active partners in startup growth. Their patient capital and long-term perspective offer significant advantages for startups. Strategic alignment, tailored pitches, and transparency are crucial in attracting family office investments. Despite challenges, partnerships between family offices and VC firms can foster innovation and sustainable growth, highlighting the potential for startups to leverage these entities as strategic allies in navigating the dynamic venture investment landscape. (Ryan Austin for NASDAQ) 

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INSIGHTS 

BENCHMARKING COMPENSATION 

Compensation benchmarking is vital for family offices to attract talent, adapt to industry standards, reduce turnover, and ensure fairness, while making data-driven decisions. Benefits include identifying gaps and inefficiencies, ensuring internal and external equity, and aligning compensation strategies with overall business outlook. (Paul Westall for Forbes) 

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INSIGHTS 

THE RENAISSANCE OF FAMILY OFFICES VIA EPM 

Family offices face unique challenges and may find EPM convenient to manage such issues. EPM addresses challenges like diverse asset management and regulatory compliance, offering unified views, risk management, and governance support. Key features of EPM systems include budgeting, forecasting, and real-time analytics, and emerging trends like AI can help enhance decision-making and financial management, ensuring long-term success. (Miguel Domingos on LinkedIn) 

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