The scheme requires a minimum net asset threshold of HK$30m over two years prior to application and an investment of the same amount into Permissible Investment Assets. These include a mandatory HK$3m contribution to a government-managed portfolio by the Hong Kong Investment Corporation and HK$27m across eligible public market securities, private funds, and non-residential real estate. Notably, the scheme allows for up to HK$10m to be invested in non-residential real estate, provided the property is fully owned by the applicant or their wholly owned company. Mortgages are permitted, though only the equity portion qualifies. Applicants must maintain investment thresholds for seven years, and profits may not be withdrawn apart from cash income like dividends or rent. The updated framework introduces greater flexibility than its predecessor, with permissible investments now extending to private limited partnership funds (LPFs) and open-ended fund companies, subject to defined caps. Early market reception suggests strong uptake. Banks, brokers, and fund sponsors are already fielding inquiries from global investors exploring pathways to establish investment structures and family offices under the New CIES....

By region, family offices in North America allocate 35% of the average portfolio to private equity and 8% for hedge funds; in Latin America, 18% and 2%; in Switzerland, 18% and 3%; in the rest of Europe, 22% and 4%; in the Middle East, 27% and 5%; in North Asia, 18% and 6%; and in Southeast Asia, 19% and 5%. Looking ahead, North America and APAC (excluding Greater China) are set to be the top destinations for increased allocations, with over a third of family offices planning to boost investments in these regions (38% and 35% respectively). Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....

' Hey, Linas here! Welcome to a special issue of my daily newsletter. Each day I focus on 3 stories that are making a difference in the financial technology space. Coupled with things worth watching & most important money movements, it's the only newsletter you need for all things when Finance meets Tech. If you're reading this for the first time, it's a brilliant opportunity to join a community of 222k+ FinTech leaders: As you navigate the complex waters of fundraising, consider the untapped potential of family offices. These entities, designed to manage, grow, and preserve wealth across generations, are the cornerstones of long-term financial planning and investment. Making the Initial Connection. While cold emailing is an option, aim for a warm introduction. The initial goal is to establish a rapport, not to sell your idea but to secure a meeting for a detailed presentation. To jumpstart your engagement with family offices, utilize this brilliant list I recently came across. It has over 140 entities in the DACH region, where each family office represents a unique opportunity for capital investment and strategic partnership....

Global buyout firm Apollo Global Management is building out a new team to target family offices as its looks to widen its fundraising efforts to include ultra-wealthy investors as well as institutions, according to a report by Bloomberg. The initiative comes as private equity firms are increasingly looking to source capital from outside of their traditional institutional-investor base of pension funds and endowments. Blackstone and KKR & Co are also reportedly establishing units to focus on ultra wealthy private investors. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....