Family Offices

European investors’ mass pivot towards the defence sector has huge potential implications for private capital. Will the flow of money match the shift in sentiment?

Dispatches from IPEM in Paris last week. Plus: a UK foundation is losing its private markets director; and secondaries continues to gain ground among family offices. Here's today's brief, for our valued subscribers only.

Pension funds and insurers – as well as GPs – are revising documentation to permit investment into assets that are off limits for many.

Lili Wang is evaluating new product strategies across private credit, private equity secondaries and real estate, she tells PEI.

Marondo Capital is targeting €250m for its second fund, which will invest in dual-use defence and critical infrastructure, PEI has learned.

Twenty-nine percent of BlackRock survey respondents would allocate more capital to private equity funds, or create an allocation, in 2025-26.

The UK's former Exchequer Secretary is arguing for better dialogue between governments and the PE industry. Plus: Apollo taps a Swiss private bank to expand its European wealth team; and most large family offices want more PE exposure. Here's today's brief, for our valued subscribers only.

There’s an increased appetite this year for growth equity and buyout strategies, particularly among global family offices with $1bn-plus in AUM, according to a new survey.

The $1.3bn multifamily office allocates 20-30% towards alternatives for most clients, founder and ex-a16z partner Michael Paulus tells PEI.

With capital flows into defence assets tipped to grow as politicians make the case for backing the sector, questions remain over the ethics of – and expertise around – doing so.