Our findings are organized into three principal areas of discussion: the evolving family office industry, current and future asset allocation, and family office investing themes. As family offices continue to grow in number and size—amid increased monetization events and equity valuations—we have witnessed their influence on the capital markets grow in tandem. It is our view that this momentum is more than likely to endure, given the sophistication of family offices and their relatively unique position of being unencumbered by benchmarks, fixed mandates, exit timelines, and outside investo