Across the globe, Family Offices’ allocations to private equity are predicted to rise over the coming years, with a significant 73% climb in investment between 2017 and 2019, and an average allocation of US$51 million per Family Office in 2017 to a projected US$88 million in 2019, while worldwide wealth transition is expected at US$3.4 trillion over the next two decade, therefore, against this development, the growth of Family Offices in Asia could pick up pace, and in response, there is a need to create appropriate guidance on family wealth management in these markets, as such, this conference provides a timely platform to review critical issues, including the need to meet the growing demand to put a proper structure in place to manage family’s wealth, as well as families’ desire to have greater control over their investments and fiduciary affairs while reducing complexity, with review on key legal issues to be considered when investing in alternative investment funds, as well as discussion on tax-efficient structuring considerations, with an opportunity to be updated on current status and urgent needs to protect and preserve assets for future generations of the under-tapped market at the upper end of the family wealth spectrum, including the High-Net-Worth (HNW) and Ultra-High-Net-Worth (UHNW) families across Asia
The combination of continued global uncertainty and new wealth sets the scene for sustained growth of the Family Office sector. There has been a significant increase in the number of Family Offices globally over the last ten years and this trend is expected to continue, including Asia. This Conference provides an opportunity to understand the complexities facing Family Offices, including on investment choices and how to delegate elements of portfolios to asset managers, including tax-efficient structuring considerations for Family Office management expenses. As part of diversified investment programs, Family Offices have an option to invest in private alternative investment funds, which may include real estate funds, hedge funds, private equity funds, venture funds and impact investment funds. While Family Offices are generally very strong in the financial diligence of these investments, some are not as well-prepared in legal diligence. As such, sufficient time has been set aside to uncover key legal considerations to be considered, as well as of resources available to Family Offices when investing in alternative investment funds. Family Offices are now making transactions that were traditionally reserved for big companies or private-equity firms, therefore, Family Offices are becoming a disruptive force in the market-place that have created significant strategic shifts within the hedge fund industry. With interest amongst the Family Office community continues to grow, driven mainly by outsized returns and the availability of opportunities that are deemed superior to those within public equities, this Conference provides ingredient to uncover all available options, with plenty of opportunities to connect and share perspectives with fellow professionals, as well as be updated on current status and urgent needs to protect and preserve assets for future generations of the under-tapped market at the upper end of the family wealth spectrum, including the High-Net-Worth (HNW) and Ultra-High-Net-Worth (UHNW) families across Asia.