List of 10 large global Single Family Offices
Throughout recent years, single family offices started playing an increasingly important role on international financial markets. Single family offices are the private investment vehicles of wealthy families. In this article, we are introducing you to three interesting single family offices from our global single family office list.
1. Téthys Invest (France)
In 2016, Françoise Bettencourt Meyers and Jean-Pierre Meyers have set up the French family office Téthys Invest. The Bettencourt family is the largest owner of the major French cosmetics firm L’Oréal. Françoise Bettencourt Meyers belongs to the richest women in the world with an estimated net worth over $75.3BN. Her family office is a really active investor in various markets. For instance, in September the firm ventured into the fashion industry through a minority private equity investment in Sézane, a French label. In June 2022, the firm invested in French hospital group Elsan. However, the Bettencourt family office also invests in funds: the firm is one of the investors of health tech fund Lauxera Capital, which launched a $300M fund in 2022.
Update 2023: In February, the Bettencourt Meyers family office announced a new key hire: former McKinsey partner Cyrielle Villepelet will join the firm as Managing Director to work alongside the CEO.
2. Verlinvest (Belgium)
The Belgian Spoelberch and de Mévius families belong to the richest families in the world with a net worth over $50BN. The fortune of the families is based on the brewery imperium AB InBev. AB InBev realized revenues over $54BN in 2021 and is the largest brewery group in the world. Through Verlinvest, the Belgian billionaire families are pursuing investments in „visionary entrepreneurs“. The evergreen investment fund manages over $2BN of the family’s capital and was launched in 1995. Main verticals for investments are the digital & e-commerce space, food & beverage as well as health & care. Exemplary investments include Gorillas, Lahore, Tony’s Chocolonely, Oatly, Mutti ad Bludental.
3. Grok Ventures (Australia)
Mike Cannon-Brookes is the co-founder of software giant Atlassian. Brookes net worth is estimated at $13.7BN. His personal investments are conducted through his family office Grok Ventures, which participates in early to late stage funding rounds. Indeed, Grok Ventures is a major investor in Australian startups. Recent investments include Dovetail or WeaveGrid. However, the firm is also the largest shareholder of power and gas major firm AGL. In February, Brookfield & Grok Ventures submitted a proposal to acquire 100% of the firm capital of AGL.
4. Awilhelmsen (Norway)
The Arne Wilhelmsen family manages its wealth through the Awilhelmsen family office. The Oslo-based single family office is an active investor in various verticals, ranging from the ownership of the Royal Carribean Group cruise line to the Awilco AS shipping company. The Norwegian family office is also investing in real estate, listed and unlisted equity. The flexible investment mandate for “new industrial investments” of the firm is covered through subsidiary AWC.
5. Raintree (India)
The Indian Raintree single family office manages the wealth of the Dandekar family. The investments of the family office can be split in a for-profit pool as well as a not-for-profit pool for impact investments. The Mumbai-based family office also operates the Raintree Foundation. Portfolio companies include proklean and Grameen Capital India. Proklean, for instance, is a startup from Chennai that works on probiotics, which can be used for industrial applications. The firm announced a $4M funding round, with major participation from the Raintree family office.
6. Weinberg Capital Group (United States)
Cleveland-based single family office Weinberg Capital Group serves as investment vehicle of successful entrepreneur Ron Weinberg, who sold his listed firm HAWK Corporation in 2010. Weinberg Capital is mainly investing in private equity and real estate. Within the private equity vertical, the family office investes in US firms with revenues from $15-100M and EBITDAs from $2-10M. Portfolio companies include Drake Waterfowl Systems and Channel Products. Within the real estate sector, the family office is mainly working in a strategic partnership with the Carnegie-Weinberg joint venture and invests in income-generating properties.
7. Daher Capital (United Arab Emirates)
The UAE-based firm Daher Capital is an important single family office from the Middle East region. The family office actively invests in capital markets, venture capital and private equity. Its capital markets team invests in “defensive industries”. The venture capital portfolio includes firms like SpaceX, upfront or Klaari Capital. The family office also had successful exits through IPOs like FXCM or Stonegate Mortage. Its private equity investments are focused on the consumer, healthcare, education and business services verticals.
8. Prairie Management Group (United States)
The American Segal family office invests its wealth through the Prairie Management Group. The family office invests in different verticals, ranging from private equity to real estate. Within the private equity vertical, the family office pursues direkt investments, like matterport, as well as fund investments like Winona Capital. Prairie is also actively investing in commercial and residential real estate, like a student housing complex in San Marcos, Texas.
9. Sassoon Investment Corporation (Singapore)
The Sassoon family invests through its “SassCorp” in different areas. For instance, the family office is active as brand builder in Asia, for luxury and lifestyle retail. Furthermore, the family office invests in education and technology ventures, especially in the Fintech, Medtech, Agtech and Logtech sector. The family office is also active in real estate development and asset management. In 2023, the family office committed capital to the Genesis Atlernative Ventures Venture Debt Fund II.
10. Wirtgen Invest (Germany)
After selling the family company, the German Wirtgen family established the Wirtgen Invest single family office, which belongs to the most active single family offices in Germany today. Wirtgen Invest invests in renewable energy, real estate, venture capital and capital markets. Besides acquiring some landmark properties in Europe (like 50 Finsbury, London or Wallhaus, Berlin) the family office also belongs to the most active renewable energy family offices. For instance Wirtgen Invest owns several PV plants in Portugal, as well as wind parks in Poland and Sweden.
Picture Source: Benjamin Davies
The world’s largest single family offices in one unique list
For years, our familyofficehub.io team analyzed global family office markets. We created lists of the largest European, United States, Asia-Pacific, Middle-East and Canadian single family offices. This list combines all of our available single family office lists in one unique product. The list includes general contact details, investment details, portfolio companies and real estate objects as well as background information (as far as information is available). Our lists are used by leading asset managers, real estate brokers, consultancies, corporates and investment banks to get in touch with relevant HNWI investors. The detailed investment focus helps to get a grasp of the family office’s investment principles and priorities. To understand our lists and the included data, simply request a free preview file at contact [at] researchgermany.com.
Role of HNWI investment vehicles in global markets
More and more families decide to set up family offices to manage their wealth. This makes them increasingly important for different stakeholders in financial markets. First, a large share of family capital is invested through third-party asset managers. So, for every investor relations and fundraising executive it is essential to have a detailed overview of single family office investors. Also, real estate is an important asset class for many family offices. For instance, Amancio Ortega, Billionaire and founder of the Spanish fashion conglomerate Inditex, is one of the most active investors for landmark buildings in all the world. In January 2022, he acquired the Toronto’s Royal Bank Plaza in Toronto for €800M. Also alternative asset classes are playing an important role in many family office portfolios. Main target: private equity and venture capital investments. These are pursued either through funds or direct investments, sometimes as lead investor, sometimes as minority investor.
Based on a inhouse-developed keyword crawler, we also offer dedicated focus lists in the following verticals: Renewable Energy Single Family Offices | Fund Investor Single Family Offices | Hotel Investor Single Family Offices | Crypto Single Family Offices | Biotech Single Family Offices | SaaS Investor Single Family Offices
Extending our global family office database – and keeping it up-to-date
We have a multi-input process to find new entries for our global family office database. We rely on channels such as news analysis, investment-focused crawlers, our network of family offices and investment managers as well as in-depth people-based research. Although we use crawlers to find new family offices, all the entries in our family office database are created manually. Hence, we ensure high data quality and valuable information points for our customers. To keep our database up-to-date, we update it 1-2 times per year. For that, we rely on crawlers that tell us when family office details have changed. However, once again, the changes itself are realized by our team. Thereby, we ensure that we offer the best family office list available on the market.
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