How Family Offices Are Allocating to Alternatives and Cash

The survey was over 160 family offices from global representation with more than 70% having a billion dollars in assets. They tend to take a barbell approach and have a relatively high allocation to alternatives and cash versus other client types. The sub asset class that families cited being the most prevalent in their portfolios, not in terms of total allocation of dollars, but in terms of being in the portfolio was growth capital.