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Dakota:2025年全球家族办公室报告(中译版)(14页).pdf

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1、2025 GLOBAL FAMILY OFFICE REPORT/2D2025 Global Family Office ReportAt a GlanceStrong returns across public and private markets translated into more capital and flexibility for families,with wealth creation accelerating in the United States and globally.Growth defined the global family office ecosyst

2、em in 2025.Even so,concentration remained a defining feature for many entrepreneurial families,with portfolios still anchored to core operating businesses and the sectors that drove their original wealth creation,often extending into adjacent industries.Liquidity strengthened materially,supported by

3、 private market exits,public market gains,and a more constructive IPO backdrop.Strategic M&A,sponsor-backed activity,and VC secondaries drove a new wave of realizations,accelerating diversification and prompting families to formalize family office capabilities earlier.The most visible liquidity came

4、 from technology and AI-adjacent sectors,where many families and founders still hold concentrated positions.Energy,finance and media were other notable areas.This growth is reshaping not only portfolios,but operating models.Newer offices,often formed by younger principals with technology roots,are i

5、ncreasingly being set up earlier and run like active investment platforms,with more appetite for direct investing and quicker decision making.At the same time,established multi-generational families continue to build and expand institutional-grade offices,formalizing governance and strengthening inv

6、estment capabilities for long-term stewardship.Wealth migration remains a key theme to watch.Families are optimizing for global access,resilience,and optionality by building or expanding their presence in gateway markets such as Singapore,Dubai,Miami,and Switzerland.A key catalyst has been shifting

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1. **市场增长与流动性提升**:2025年全球家族办公室资产增长,美国及全球财富创造加速,私募市场退出、公开市场收益及IPO环境改善带来显著流动性,科技与AI领域最突出。 2. **直接投资扩大**:家族办公室超越“仅依赖管理人”模式,直接投资与联合投资占比提升,平均私募股权(含风投)配置达20%, deal活动超300笔,总价值约500亿美元。 3. **枢纽市场崛起**:新加坡、迪拜、迈阿密、瑞士等门户市场因税收、全球连接性吸引家族,迪拜成为中东及全球家族首选基地。 4. **人才与主题投资**:人才建设是关键约束,家族聚焦AI、健康、能源转型、深度科技及体育等主题,追求与经济回报一致的影响力投资。 5. **2026年展望**:财富转移、地理迁移、人才竞争、IPO窗口重启及二手份额增长将推动家族办公室持续扩张与专业化。
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