How India's family offices are striking out on their own in start-up land

Not only that, 83 per cent family offices have an allocation to private markets that is more than 10 per cent of their overall asset distribution

Family offices are increasingly looking to invest directly in start-ups rather than through investment in venture capital (VC) firms. 

The shift is happening because of multiple reasons. Next-generation scions of wealthy families are conversant with how the start-up world works after they have spent time in Silicon Valley; start-up investment is rising to 10-15 per cent of family offices’ portfolios from single digits; and they do not want to share gains of investment with VC firms.

“While earlier they would prefer to invest in this asset class via venture capital (VC) funds as LPs (limited partners), now they are making direct investment