Citi Wealth’s annual survey of 351 family offices reveals that 63% cite inflation as their top concern, up from 37% last year. Despite these concerns, they plan to increase allocations to public equities, private equity and direct investments over the next 12 months, with net balances of 34% and 15% respectively. Fixed-income allocations remain stable while private credit is the most bearish asset class with a net balance of 12% planning decreases. In North America, 37% of family offices plan to increase real estate allocations versus just 25% globally. Forty percent of respondents also intend to intensify direct investments, particularly to engage the next generation more effectively.
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