Dentons has launched its Dentons Family Office Direct Investing Survey Report, following a comprehensive survey of nearly 200 family offices from 32 countries. Survey respondents included family members, C-suite executives, investment professionals and other family office staff members.

The report outlines the key factors driving family office investment strategies and outlook for 2023 and includes data on family offices from multiple sources so that the analysis reflects how family offices are actually approaching their direct investing globally.

Key findings include:

• Skepticism around digital asset investment is on the rise, but some family offices are still looking at this asset class
• Improved deal flow is the top priority for family offices in 2023
• Family offices are defensively positioned amid market volatility
• Family offices are grappling with numerous direct investment challenges, including taking on too much operational risk (45% of respondents), finding high-quality deal flow (43%), having control of exit options (42%) and finding enough time for proper due diligence (41%)
• Family offices use diversification with 85% of family offices believing in broad diversification of factors, and 74% using diversification across geographies
• 65% of respondents agree that deep expertise in specialist areas is the most important criterion when selecting an external partner, service provider or supplier

“Dentons is the first law firm to produce a report of this kind," said Edward Marshall, Dentons' Global Head of Family Office. "This analysis, informed by leading family office principals and executives globally, had not existed before now. The report provides actionable, differentiated, and valuable insights to our clients and the broader family office community as investment strategies for 2023 are refined. Family offices now have data where they can evaluate their direct investment-related activities against peers of their own size and geography. This decision-making intelligence is what we aim to provide our family office clients worldwide."

"Dentons' Family Office and High Net Worth Practice, led by Edward Marshall, is a market-leader in partnering with family office clients as they navigate challenges and meet opportunities globally," said Elliott Portnoy, Global CEO of Dentons. "The Dentons Family Office Direct Investing Survey is another powerful tool for our clients as they embark on the year ahead."

Dentons extends special gratitude to our survey partners, Family Wealth Report, McFarland Partners, Simple, The UHNW Institute and William Blair, for their assistance and leadership in bringing these findings to the family office community.

The full report is available at: http://www.dentons.com/familyofficesurvey

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