1、Global Family Office Survey Insights 2023INVESTMENT PRODUCTS:NOT FDIC INSURED NOT CDIC INSURED NOT GOVERNMENT INSURED NO BANK GUARANTEE MAY LOSE VALUE2Table of contentsFOREWORDEXECUTIVE SUMMARYINVESTMENT STRATEGY AND SENTIMENTAsset allocation changesNear-term worries impacting the financial markets

2、and the economyEstimated year-to-date mark-to-market portfolio value change Asset class sentimentSector preference for public marketsExpected portfolio return PORTFOLIO CONSTRUCTION AND MANAGEMENTAsset allocation by classAsset allocation by geographyConcentrated positions heldAmount of leverage empl

3、oyedShare of portfolio assets managed in-house vs externally568101214162022242629303233PRIVATE EQUITYPrivate equity fund allocation by typeEngagement with direct investmentsDirect investing strategy adjustmentsSources of direct investing deal flowDirect investing ticket size preferenceDirect investi

4、ng stage preferenceDirect investing majority vs minority stake preferenceDirect investing sector preference FAMILY OFFICE MANAGEMENT AND FAMILY GOVERNANCEFamily office primary focusFamilies primary concernsFamily office services providedProfessionalization of the investment functionProfessionalizati

5、on of the family office beyond investingProfessionalization of familiesInternationalization of familiesFamily office primary challengesFamily office cost managementFamily office cybersecurity management 3436383941434547485052545658596264666870Global Family Office Survey Insights 20233SUSTAINABLE INV

6、ESTING AND PHILANTHROPIC IMPACT Capital allocation to sustainable investingDrivers of increasing allocations to sustainable investingPreferred investments for sustainable investing Preferred themes within sustainable investing Philanthropic focusDrivers of greater philanthropic impact72747678808284C