Ocorian survey: 75% of family offices to take more risk

According to an Ocorian global study reported by Family Wealth Report, 75 per cent of family offices expect to raise their investment risk appetite over the next 12 months, including 13 per cent predicting dramatic increases. The survey, covering family members and senior executives at family offices with combined wealth of $119.37 billion across 16 countries, found that increased transparency around alternatives was the key driver, cited by 61 per cent. Nearly half cited falling interest rates and AI/tech outperformance, while 46 per cent pointed to geopolitical instability. All surveyed family offices expect to increase private equity allocations over the next two years, with two-thirds planning boosts of 25 to 50 per cent.

Family offices are deepening their move into private markets, with private equity the clear winner. The emphasis on transparency suggests that governance, reporting and valuation practices will become competitive differentiators in product design and manager selection. That pressure is already visible: MSCI's recent report on private markets highlights stresses in semi-liquid structures, particularly around manager-reported valuations and borrower strain among smaller funds.