In the intricate ballet of wealth management, certain Asian family offices are finding perfect dance partners in venture capital (VC) and private equity (PE) funds. For Singapore’s Golden Vision Capital, it’s a symbiotic relationship that transcends mere financial steps. “We favor managers who actively collaborate, even with us small LPs,” reveals MD Riady Gozali.
According to Gozali, these allies’ tailored programs help unlock doors to elite opportunities for those interested in coinvestments. With 80% dedicated to global funds, Golden Vision values this alliance highly. As a matter of fact, they have deployed up to $10 million per fund with a minimum of $2 million.
Carman Chan of Click Ventures agrees with this sentiment, lauding the deep market intel and early-stage footholds of VCs’.
Both, focusing on Series B onwards, see fund alliances as savvy for smaller troupes. “It’s about staying in sync with industry trends,” Gozali notes. They prefer eager, emerging choreographers with unique styles, though larger ensembles still lead with direct investments.
The PE/VC space has struggled in recent years. However, many family offices remain confident that the asset class will rebound. Gozali explains that “diversification into non-correlated sections” is key to family offices surviving being heavily concentrated in their investments. He cites examples like healthcare and technology on top of investments in hospitality and/or restaurants.