Growth of family offices - 2

York says his family is “probably more overweight [in] venture [capital holdings]” than other US family offices, but not compared with those in the Bay Area that have made their fortunes in tech.

Shailesh Sachdeva, managing director of the family office practice at SVB Capital, suggests the York family is not alone: there has been much more participation from ultra-high net worth families whose wealth did not come from technology.

Some family offices have even begun taking the lead position in venture deals, making the largest investment and taking a seat on a young company’s board.