From CNBC:

The number of family offices worldwide has tripled since 2019, now totaling over 4,500, with North America having the largest share at 1,682. Family offices manage $6 trillion or more, catering to the 2,600 billionaires and 90,000 individuals worth $100 million or more. Private equity firms are expanding to attract family office investments, with Blackstone, KKR, and Carlyle leading the charge. Family offices are shifting towards alternative investments like private equity and hedge funds for higher returns, despite recent disappointments. Blackstone is aggressively targeting the family office market, doubling its team to cater to the growing opportunity.



Read more at CNBC: Family offices tripled, creating a new gold rush on Wall Street