Family Offices Will Keep Hunting for Unicorns Amid Lockdown
- More than 90% of those surveyed have made early-stage bets
- Such investors a source for ‘patient capital, report finds
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More than 90% of family offices said they’ve invested in early-stage startups, and a majority plan to keep or increase existing allocations even as the pandemic creates fears of declining valuations, according to a survey released Tuesday.
While venture capital investments will remain an important part of their overall portfolios, there will be a renewed emphasis on deploying capital more slowly and diversifying across different sectors, according to the report from Silicon Valley Bank and Campden Wealth Research.