2025 Global Family Office Report

Rewriting the rules: Family offices navigate a new world order

As markets enter a new era, shaped by policy-driven economics, shifting alliances, and growing political fragmentation, family offices are rewriting the rules to navigate an evolving global environment.

 

BlackRock's Global Family Office Report reveals how families are rewriting the rules.

 

Here are three insights from the Global results that we believe will be important for Canadian family offices in the year ahead.

Explore the 2025 Global Family Office Report Explore the 2025 Global Family Office Report
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Overview

To better understand how family offices around the globe are navigating current market dynamics, BlackRock partnered with Illuminas to conduct a survey on their priorities, challenges, and portfolio positioning for 2025 and beyond.

From March 17 to May 19, 2025, participating families responded to a variety of questions, ranging from investment management and asset allocation, to governance and technology.

27
Markets Represented
$300
the number (in billions, USD) of investable AUM managed by participating families
$1.8
the average number (in billions, USD) of investable wealth of participating families

Alternatives

Alternatives are central to family office portfolios, making up around 42% of total family office Assets Under Management (AUM) over the last few years. Family office investors confirm the enduring appeal of private markets lies in their ability to harvest illiquidity premia and deliver differentiated return streams.

Reasons to invest in private markets

BlackRock 2025 Global Family Office Report

Infrastructure

Family offices are increasingly bullish on infrastructure. Investment into infrastructure can help diversify portfolios as an inflation protection asset and it is underpinned by sustained global demand. Many family office leaders are now working with partners who have strong and demonstrated expertise in the space to get exposure to the asset class.

Stance on prospectus for infrastructure

 

BlackRock 2025 Global Family Office Report

Private Credit

Interest in Private Credit is surging – becoming a core allocation in many family offices’ allocations. In some family office portfolios, Private Credit allocations make up to 30% of total AUM. Focus is being placed on special situations / opportunistic and event driven categories, alongside Direct Lending.

I am happy with 10% net IRR from private debt. As long as I get those distributions, I can go evergreen, and after two or three years have access to my cash and start taking my capital, or I can go term – 5, 7, 10 years – and get a very short J-curve.

Canadian Family Office

Explore the possibilities for your family office

Whether in Canada or around the world, these conversations with family office leaders suggest that – as the investment environment evolves – many organizations are facing significant gaps in their core investment management functions, with private market sourcing, analytics, and due diligence emerging as key pinch points.

While the current market environment is unprecedented, it presents meaningful opportunities for Canadian Family Offices. At BlackRock Canada, our role is to pursue optimal outcomes aligned with our clients’ investment preferences, while managing risk as effectively as possible. Contact us to learn more.