Have family offices emerged as a strong LP base for regional funds?

  • Sean Low, CEO & CIO, Golden Vision Capital
  • Rebekah Woo, CEO & CIO, Pioneer Generation and Serene Group of Companies
  • Tuck Meng Yee, CIO, JRT Partners
  • Serena Wong, Head of Client Advisory, Kamet Capital Partners 
  • Kristie Neo, Editor, VC (Southeast Asia), DealStreetAsia (Moderator)

Family offices, known to typically back liquid assets such as fixed income, have increasingly begun to diversify their portfolio by building exposure to the alternative asset class. A majority of family offices in the Asia Pacific are looking at increasing their exposure to private assets such as private equity and venture capital to offset the impact of a volatile market. In several major markets in Asia including India, family offices are turning out to be a strong source of local capital for both PE and VC funds as well as direct investments into startups.
How are family offices viewing returns for their PE/VC portfolio in the next year amid valuation concerns and stock market decline? How are the risk-returns strategies towards direct investments in startups and fund investments playing out? Will APAC family offices look at deepening their exposure closer home?