BlackRock Global Family Office Report 2025
BlackRock Global Family Office Report 2025
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2025 Summits in Hong Kong & Singapore
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.












BlackRock Global Family Office Report 2025: 175 Single Family Offices Averaging $1.8 Billion AUM & Total $320 Billion AUM, Top 3 Expected Increase to Portfolio are Illiquid Alternatives, Developed Equity ex-United States, Liquid Alternatives, Top 3 Expected Increase to Alternatives are Private Debt / Credit, Private Equity Funds (ex-VC), Liquid Alternatives, 30% Bullish on Private Equity, 51% Bullish on Private Credit, 75% Bullish on Infrastructure, Top 3 Family Office Most Confident Area are Investment Strategy Development 72%, Portfolio Accounting 58%, Public Market Analytics 58%, Global Outlook for 2025 & 2026 – Optimistic 20% / Neutral 20% / Pessimistic 60%, Top 5 Concerns are Bearish Global Outlook, United States Economic Slowdown, Inflation, Lower Growth Forecast in Developed Market, Interest Rates Remain Higher 

10th July | Hong Kong

BlackRock has released the Global Family Office Report 2025, providing key insights into family office investment outlook, portfolio allocation, fixed income & alternative investment preferences, and investment management process in the family office.  The survey was conducted with 175 single family offices averaging $1.8 billion of AUM with more than $320 billion AUM.  Global Outlook for 2025 & 2026 – Optimistic 20% / Neutral 20% / Pessimistic 60%.  Top 5 Concerns – Bearish Global Outlook, United States Economic Slowdown, Inflation, Lower Growth Forecast in Developed Market, Interest Rates Remain Higher.  Global Outlook impact on family offices – Geopolitical landscape critical in capital allocation decisions, Increase portfolio diversification.  Top 3 Expected increase to portfolio – Illiquid Alternatives, Developed Equity ex-United States, Liquid Alternatives.  Top 3 Expected increase to alternative allocations – Private Debt / Credit, Private Equity Funds (ex-VC), Liquid Alternatives.  Top 3 Preferred Private Debt / Private Credit – Special Situations, Direct Lending, Specialty.  Top 3 Preferred Infrastructure investment – Opportunistic, Value-add, Core / Core+.  Bullish on Private Equity in 2025 & 202630%.  Bullish on Private Credit in 2025 & 202651%.  Bullish on  Infrastructure in 2025 & 202675%.  Top 3 Most compelling reasons to invest in private markets – Illiquidity premium 87%, Lower-correlated sources of return 67%, Broader & deeper universe 46%.  Top 3 Challenges investing in private markets – High fees 72%, Lack of attractive valuations 47%, Managing liquidity 44%.  Top 3 Family Office most confident area – Investment strategy development 72%, Portfolio accounting 58%, Public market analytics 58%.  Top 6 Preferred external support for family office – Performance benchmarking 59%, Co-investment / direct deal sourcing opportunities 52%, Commitment pacing / cash flow modelling 44%.  Top 6 areas deploying / consider deploying AI – Investment analytics, Risk management, Reporting, Investment manager due diligence, Portfolio optimization, Cyber security.  Top 2 challenges for AI tech investment to improve main business processes – Privacy & data security concerns 47%, Lack of in-house AI expertise 44%.  See below for key findings & summary | View report here

“ BlackRock Global Family Office Report 2025: 175 Single Family Offices Averaging $1.8 Billion AUM & Total $320 Billion AUM, Top 3 Expected Increase to Portfolio are Illiquid Alternatives, Developed Equity ex-United States, Liquid Alternatives, Top 3 Expected Increase to Alternatives are Private Debt / Credit, Private Equity Funds (ex-VC), Liquid Alternatives, 30% Bullish on Private Equity, 51% Bullish on Private Credit, 75% Bullish on Infrastructure, Top 3 Family Office Most Confident Area are Investment Strategy Development 72%, Portfolio Accounting 58%, Public Market Analytics 58%, Global Outlook for 2025 & 2026 – Optimistic 20% / Neutral 20% / Pessimistic 60%, Top 5 Concerns are Bearish Global Outlook, United States Economic Slowdown, Inflation, Lower Growth Forecast in Developed Market, Interest Rates Remain Higher “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2025 Investment Day
Hong Kong | Singapore
March / July / Sept / Oct / Nov

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place in Hong Kong and in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2025 Family Office Summit
10th April & 16th Oct Hong Kong Ritz Carlton | 24th April & 6th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2025 Family Office Summit | Register here


2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





 

BlackRock Global Family Office Report 2025: 175 Single Family Offices Averaging $1.8 Billion AUM & Total $320 Billion AUM, Top 3 Expected Increase to Portfolio are Illiquid Alternatives, Developed Equity ex-United States, Liquid Alternatives, Top 3 Expected Increase to Alternatives are Private Debt / Credit, Private Equity Funds (ex-VC), Liquid Alternatives, 30% Bullish on Private Equity, 51% Bullish on Private Credit, 75% Bullish on Infrastructure, Top 3 Family Office Most Confident Area are Investment Strategy Development 72%, Portfolio Accounting 58%, Public Market Analytics 58%, Global Outlook for 2025 & 2026 – Optimistic 20% / Neutral 20% / Pessimistic 60%, Top 5 Concerns are Bearish Global Outlook, United States Economic Slowdown, Inflation, Lower Growth Forecast in Developed Market, Interest Rates Remain Higher 

BlackRock Global Family Office Report 2025
BlackRock Global Family Office Report 2025

BlackRock has released the Global Family Office Report 2025, providing key insights into family office investment outlook, portfolio allocation, fixed income & alternative investment preferences, and investment management process in the family office.  The survey was conducted with 175 single family offices averaging $1.8 billion of AUM with more than $320 billion AUM.  See below for key findings & summary | View report here 

 

BlackRock Global Family Office Report 2025

Summary

  1. Family Office Profile175 single family offices averaging $1.8 billion AUM & total $320 billion AUM
  2. Global Outlook for 2025 & 2026 – Optimistic 20% / Neutral 20% / Pessimistic 60%
  3. Top 5 Concerns – Bearish Global Outlook, United States Economic Slowdown, Inflation, Lower Growth Forecast in Developed Market, Interest Rates Remain Higher 
  4. Global Outlook impact on family offices – Geopolitical landscape critical in capital allocation decisions, Increase portfolio diversification
  5. Top 3 Expected increase to portfolio – Illiquid Alternatives, Developed Equity ex-United States, Liquid Alternatives
  6. Top 3 Expected increase to alternative allocations – Private Debt / Credit, Private Equity Funds (ex-VC), Liquid Alternatives
  7. Top 3 Preferred Private Debt / Private Credit – Special Situations, Direct Lending, Specialty
  8. Top 3 Preferred Infrastructure investment – Opportunistic, Value-add, Core / Core+
  9. Bullish on Private Equity in 2025 & 202630%
  10. Bullish on Private Credit in 2025 & 202651%
  11. Bullish on  Infrastructure in 2025 & 202675%
  12. Top 3 Most compelling reasons to invest in private markets – Illiquidity premium 87%, Lower-correlated sources of return 67%, Broader & deeper universe 46%
  13. Top 3 Challenges investing in private markets – High fees 72%, Lack of attractive valuations 47%, Managing liquidity 44%
  14. Top 3 Family Office most confident area – Investment strategy development 72%, Portfolio accounting 58%, Public market analytics 58%
  15. Top 6 Preferred external support for family office – Performance benchmarking 59%, Co-investment / direct deal sourcing opportunities 52%, Commitment pacing / cash flow modelling 44%
  16. Top 6 areas deploying / consider deploying AI – Investment analytics, Risk management, Reporting, Investment manager due diligence, Portfolio optimization, Cyber security
  17. Top 2 challenges for AI tech investment to improve main business processes – Privacy & data security concerns 47%, Lack of in-house AI expertise 44%

 

 

BlackRock Global Family Office Report 2025

1) Family Office Profile

  • 175 single family offices
  • Average $1.82 billion AUM 
  • Total $320 billion AUM

 

2) Global Outlook

Global Outlook for 2025 & 2026:

  • Optimistic20%
  • Neutral20%
  • Pessimistic60%

Top 5 Concerns on Economic Outlook after Donald Trump Tariffs (3rd April 2025):

  1. Bearish Global Outlook – 62%
  2. United States Economic Slowdown – 43%
  3. Inflation – 32%
  4. Lower Growth Forecast in Developed Market – 29%
  5. Interest Rates Remain Higher – 23%

Global Outlook impact on family offices 

  1. Geopolitical landscape critical in capital allocation decisions – 84%
  2. Increase portfolio diversification – 64%
  3. Comfortable with liquid profiles of portfolio – 33%

 

3) Family Office Portfolio / Private Markets / Alternatives 

Top Expected increase to portfolio:

  1. Illiquid Alternatives – 70%
  2. Developed Equity ex-United States – 59%
  3. Liquid Alternatives – 37%
  4. Cash / Short Duration – 29%
  5. Crypto – 14%
  6. Emerging Market Equity – 14%
  7. Long Duration – 14%

Top Expected increase to alternative allocations:

  1. Private Debt / Credit – 33%
  2. Private Equity Funds (ex-VC) – 26%
  3. Liquid Alternatives – 22%
  4. Real Estate – 20%
  5. Private Equity Direct Deals (ex-VC) – 19%
  6. Venture Capital – 13%
  7. Infrastructure – 17%
  8. Real Assets – 7%

Top 5 Preferred Private Debt / Private Credit:

  1. Special Situations – 62%
  2. Direct Lending – 53%
  3. Specialty – 33%
  4. Distressed – 27%
  5. Collateralized Loan Obligations (CLOs) – 25%

Top 4 Preferred Infrastructure investment:

  1. Opportunistic – 54%
  2. Value-add – 51%
  3. Core / Core+ – 40%
  4. Energy – 25%

Outlook for Private Equity in 2025 & 2026:

  • Bullish – 30%
  • Neutral – 48%
  • Bearish – 22%

Outlook for Private Credit in 2025 & 2026:

  • Bullish – 51%
  • Neutral – 27%
  • Bearish – 21%

Outlook for Infrastructure in 2025 & 2026:

  • Bullish – 75%
  • Neutral – 20%
  • Bearish – 5%

Top 7 Most compelling reasons to invest in private markets:

  1. Illiquidity premium – 87%
  2. Lower-correlated sources of return – 67%
  3. Broader & deeper universe – 46%
  4. Better alignment of incentives – 34%
  5. Lower volatility than public markets – 33%
  6. Effective inflation hedging – 15%
  7. Tax-efficient vs public markets – 9%

Top 7 Challenges investing in private markets:

  1. High fees – 72%
  2. Lack of attractive valuations – 47%
  3. Managing liquidity – 44%
  4. Lack of transparency – 42%
  5. Accessing best deals / managers – 37%
  6. More complex tax treatment – 18%
  7. Internal challenges (Due Diligence, Talent) – 18%

 

4) Managing Family Office

Family Office most confident area:

  1. Investment strategy development – 72%
  2. Portfolio accounting – 58%
  3. Public market analytics – 58%
  4. Investment due diligence – 52%
  5. Succession planning – 52%
  6. Reporting – 43%
  7. Deal sourcing – 37%
  8. Private market analytics – 25%

Top 6 Preferred external support for family office:

  1. Performance benchmarking – 59%
  2. Co-investment / direct deal sourcing opportunities – 52%
  3. Commitment pacing / cash flow modelling – 44%
  4. Multi-asset private markets portfolio construction – 36%
  5. Profiling similar risks across public and private markets’ portfolios – 35%
  6. Tax optimization – 21% 

 

5) Artificial Intelligence (AI)

Top 9 areas deploying / consider deploying AI:

  1. Investment analytics – 87%
  2. Risk management – 86%
  3. Reporting – 85%
  4. Investment manager due diligence – 83%
  5. Portfolio optimization – 81%
  6. Cyber security – 81%
  7. Cash flow modelling – 77%
  8. Trading – 53%
  9. ESG data extraction / analytics – 47%

Top 7 challenges for AI tech investment to improve main business processes:

  1. Privacy & data security concerns – 47%
  2. Lack of in-house AI expertise – 44%
  3. Hallucinations / bias in models – 31%
  4. Lack of high- quality AI tools – 26%
  5. Ability to integrate AI with legacy systems – 23%
  6. Insufficient evidence of value add / proven use cases – 20%
  7. Siloed, fragmented or incomplete data sources – 18%

Current AI Investments: 

  1. Investing in opportunities set to directly benefit growth in AI – 51%
  2. Investing in tech firms that are building AI infrastructure and solutions – 45%
  3. Deploying AI tech internally to improve core investing processes – 33%

Family Office on Artificial Intelligence (AI):

  1. Don’t know where to start – 61%
  2. Route to competitive advantage – 49%
  3. Focused on AI as an investment opportunity – 43%
  4. Concerned founders not on board – 35%
  5. No need to change successful formula – 20%
  6. AI tools not flexible or adaptable enough – 19%

 

 

BlackRock Family Office Survey

BlackRock partnered with Illuminas to conduct a research survey of family offices between 17 March and 19 May 2025, we spoke to 175 single-family offices that collectively oversee assets of more than US $320 billion, via a combination of surveys and a series of in-depth interviews with chief investment officers (CIOs) and key decision-makers at family offices around the world.

BlackRock – BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Basic Member $5 Per MonthBasic Member $60 Per YearProfessional Member $680 Per YearExecutive Member $2,000 Per Year


    Events (Mon)Investment (Tues)UHNW, HNW, Private Wealth (Wed)Family Office (Thurs)Real Estate (Fri)Data, Insights & Reports (Sat)Weekly Top Headlines (Sun)All


    TrialMemberSubscribeInvestment EventsPrivate Wealth EventsFamily Office EventsFind Services / Advisors / InvestmentsFind Clients / Raise Capital


    Corporate MemberSubscriptionEvents (Speakers / Delegates / Booths)WebinarsSponsorshipAdvertise / MediaList B2B ServicesList B2C ServicesE-Newsletter 2 pm Feature to 10K+ Subscribers


    Investment Day HK (July, Sept, Oct)Investment Day SG (July, Sept, Nov)Family Office Summit HK 16th OctFamily Office Summit SG 6th Nov















    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2025 Investment Day

    • March - Hong Kong
    • March - Singapore
    • July - Hong Kong
    • July - Singapore
    • Sept- Hong Kong
    • Sept - Singapore
    • Oct- Hong Kong
    • Nov - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014