India's Family Offices Are Going Global

ASHWIN PATNI, MANAGING director and head of wealth management solutions at Julius Baer, says, "The last five years have been transformative. Families are no longer just managing money, they're managing legacy and leadership."

- ASHWIN PATNI, MANAGING director and head of wealth management solutions at Julius Baer

A Julius Baer-EY study highlights this shift, with family offices rising from 45 in 2018 to over 300 in 2024, driven by increasing complexity, global footprints, and the need for structure. As families monetize operating businesses, they're recalibrating risk. Up to 60% of capital is now invested in listed equities via portfolio management services (PMS), alternative investment funds (AIFs), and mutual funds, while 10-15% is allocated to private assets like private equity, venture capital, and credit. Notably, 25% of family offices have shifted their focus toward preservation in a high-growth environment.