Citi’s Family Office Clients Are Hunting for Direct Investments
- Technology, real estate, health care are most popular sectors
- Over half of firms are boosting allocations to fixed income
Technology, real estate and health care were the most popular sectors for these investments, which involve buying directly into a company or asset.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Citigroup Inc.’s family office clients are continuing to hunt for direct investments in private markets as they target bargains amid a shifting macroeconomic landscape.
More than half of investment firms for the world’s super-rich are looking for opportunistic direct deals based on attractive valuations, Citi found in a survey of 268 family offices representing $565 billion in net worth. Technology, real estate and health care were the most popular sectors for these investments, which involve buying directly into a company or asset rather than investing through a fund or other intermediary.