Adapting to the Terrain

Key findings indicate that family offices are maintaining their overall strategic allocation, with a notable increase in public equities. Market dislocations, dispersion, and outperformance in public equities created an attractive opportunity set relative to private equity, which saw a still robust allocation, albeit decreased from 2023 to 2025. Yield-focused fixed income, private credit, and private real estate and infrastructure also saw modest increases in allocation.

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