REPORT‍

SIMPLE: PRIVATE MARKETS REPORT 2024

‍Highlights include:

• Private markets have grown to $13.1tn in AUM, but also created growing liquidity needs.
• 70% of family offices are looking to enhance their performance in private markets through better analytics.
• Generative AI can help through the various stages of the private market investment lifecycle.
• 45% looking into specialised software (excluding Excel) for private markets data management and analysis.

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‍INSIGHTS

‍THE NEXT GEN OF BILLIONAIRES

‍The $84.4 trillion wealth transfer to the next generation is underway, leading to a shift in values towards impact investing and addressing global challenges like climate change and poverty. Family offices are evolving to match the needs of the new generation of UHNWIs, adopting strategic approaches to philanthropy and investment.

‍(Ronald Diamond on LinkedIn)

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‍INFOGRAPHIC

‍HOW $100 HAS GROWN THROUGH THE YEARS

‍This infographic puts investment returns into perspective. It shows the growth of $100 by asset class from 1970-2023, showing which major asset class generated the strongest returns over the long run S&P 500 (including dividends). (Visual Capitalist)

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‍TRENDS THE NEXT GEN OF BILLIONAIRES

‍Ireland's evolving family office landscape reflects a trend of substantial wealth creation, with diversified portfolios and a focus on discretion and long-term investment strategies. It evolved rapidly in the last decade, driven by significant wealth creation events like business sales. (Irish Times)

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‍INSIGHTS ‍

SUCCESS IN REAL ESTATE SUCCESSION

‍Transitioning real estate businesses to the next generation is vital for preserving family legacies and wealth. Success requires transferring knowledge, strategic alignment, and a unified vision. Creating a robust succession plan involves comprehensive education, clear communication, and establishing a family governance structure for effective decision-making. (DJ Van Keuren, Forbes)

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