Family offices are no longer content with traditional 60/40 portfolios. According to UBS’s 2025 Family Office Survey, allocations to alternative investments now surpass those to public markets, with direct buyouts representing the largest share – 44% of the average portfolio. The appeal is clear. But concentrated private holdings introduce new fault lines: liquidity traps, opaque valuations, and the risk of internal conflict as generational voices multiply.

Conference website

The Evolution of Family Offices: From 60/40 to Direct Private Equity