Why do families care what other families are doing?

A practical guide to protecting family office capital.

What’s actually different when Asian family offices allocate capital?

Family offices stall deal-making during Iran conflict. Looking back, family offices pulled back hard on deals in March as geopolitical risk spiked. Activity was down ~25%, but the ones still playing are swinging big into mega-rounds, especially AI - CNBC

Carlyle to buy majority stake in MAI Capital at over $2.8 billion valuation. Carlyle is doubling down on wealth management, taking a majority stake in MAI Capital as private equity continues to roll up RIAs and chase sticky client assets - Reuters

Private credit strains ripple through Wall Street as investors grow wary. Cracks are starting to show in private credit, with rising defaults and liquidity concerns making investors more cautious after years of easy returns. It’s no longer the “safe yield” trade, and even big players are reassessing risk as stress builds under the surface - Reuters

Family business technology transformation report. Family businesses are adopting emerging technologies, with nearly half developing or implementing technology strategies to enhance operations amid concerns that inadequate tech poses business risks - Deloitte Private

Family offices rethink priorities as geopolitics reshapes wealth strategies. Family offices are getting more cautious and strategic, shifting focus toward resilience, diversification, and long-term control as global tensions rise - PWM

What sold at Art Basel Hong Kong 2026. The latest and 13th installment of the event saw a record 91,500 visitors and the $4.02M sale of a Picasso. But aside from a resurgent showing, perhaps most notable was the increased presence of Chinese galleries and a new five-year contract between Art Basel and the Hong Kong government to guarantee the fair’s exclusivity to the city within the region - Artsy

Last week’s newsletter looked at family offices and security, from doomsday playbooks to extreme black swan events.

That’s all for now, see you on 𝕏 or LinkedIn.

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