Family offices leaned into public markets last quarter. Single family offices held 37% of assets in equities in Q2 2026, up from 34% in Q1, Real estate and private market exposure came down.
Private companies remained the second-largest allocation at 15%, followed by cash at 9.2% and fixed income at 8.2%. Real estate accounted for 7.5%, hedge funds 7%, and other alternatives 6.2%. Private equity funds made up 5.8% and venture capital 2.5%. Private credit, private real assets, and private real estate were marginal at 0.9%, 0.5%, and 0.2%.