Many ultra-rich families are opting to buy stakes in private companies directly rather than through private equity funds to avoid fees and gain more control. Co-investing arrangements have become popular, allowing family offices to invest alongside PE funds and access deals they couldn’t afford outright. However, family offices are still minority investors and lack governance rights. Despite drawbacks, co-investing enables family offices to deploy capital faster and potentially earn better returns due to lower fees. Family offices should be cautious and selective when considering co-investing opportunities to ensure long-term success.

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– The U.S. economy added 194,000 jobs in September, falling short of expectations of 500,000 jobs due to the Delta variant’s impact.
– The unemployment rate dropped to 4.8% as more people entered the workforce.
– Average hourly wages rose by 0.6% for the month, indicating wage growth amid labor shortages.: How family offices partner with PE funds to find top deals and save on fees