2025 Global Family Office Report

Rewriting the rules

After decades of global integration, we see markets are entering a new era, shaped by policy-driven economics, shifting alliances, and growing political fragmentation.

BlackRock's Global Family Office Report reveals how families are rewriting the rules, and navigating a new world order.

Bird's eye view of freeway overpass at night

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.

175
family offices surveyed globally
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
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Source: BlackRock 2025 Global Family Office Report.

Asset allocation: Alternatives remain key, but challenges are rising

Seven in ten family offices have or are planning to make changes to portfolio allocations, and nine in ten are either making changes or looking for opportunities to do so.

 

Alternatives represent 42% of participating families' portfolios: including private equity, private credit, real estate, venture capital, liquid alternatives and infrastructure. More than half of our respondents are bullish on private credit and infrastructure, with nearly one-third citing plans to increase allocations to each asset class, respectively, in 2025-2026.

This is not necessarily common amongst Family Offices but I am excited about volatility because this is when you make the most money, when everyone panics. It's when you have to sit down, tuck in your shirt and start looking for stuff. Roll up your sleeves and start working, because that’s where you are going to find great opportunities.

LatAm Family Office

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