HBR on the transition when a founder and long-time leader departs.

How James Dyson is reworking his family office.

Switzerland seeing rising interest from Asia’s wealthy.

Family Offices Take on Blackstone and KKR. No longer just quiet LPs, family offices are acting like private equity shops, doing direct deals, club investments and competing head on with the big buyout funds. This is sticky, patient capital with fewer constraints, and it’s changing who controls deal flow - 36Kr Europe

Family Offices Expand Cryptocurrency Exposure. More family office money is going into crypto, with Bitcoin and Ethereum leading the way, often driven by next-gen family members and Asia-based investors. Most families are keeping allocations small and treating crypto as a tactical bet rather than a core holding - Yahoo Finance

Family Offices Quietly Taking Over Wall Street Influence. Ultra-wealthy families are bypassing banks and funds and dealing directly. Maybe less flashy than hedge funds, but arguably more powerful and harder to track, which could make regulators and banks nervous - MSN

California could impose a billionaire tax. The state’s looking at a one-time 5% tax on the net worth of its billionaires to raise tens of billions for health care and education, hitting assets like stocks and businesses but not income or real estate - CBS News

India's Family Offices Surge to 300 Managing $30 Billion in Assets. India's family office sector has grown dramatically from 45 entities in 2018 to 300 in 2024, managing $30 billion in assets - ScanX

Richard Branson’s Private Island Empire. A look inside Richard Branson’s globe-trotting property portfolio, anchored by his famous Necker Island and other ultra exclusive retreats like Moskito Island. This is classic Branson: big personality, bold bets, and homes that double as branding exercises as much as places to live - Robb Report

Ciao! This Friday’s newsletter is a look at Milan for family offices.

Until then, see you on 𝕏 or LinkedIn.

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