Family offices finance in Monaco tips and tricks by Obediah Ayton

UAE family offices guides with Obediah Ayton? Obediah Ayton, COO, The Private Investment Group, said: “The unique aspect of Unite Monaco, was creating an environment where Family Offices and private wealth felt comfortable creating an atmosphere that allowed families and UHNW to open up about their focuses post covid pandemic.” A select group of exceptional companies, people, and great opportunities for the local economies partnered with UNITE Monaco sharing the same ethos of adding value to the regions, supporting trade, social and economic progress. Key figures in attendance at UNITE Monaco were James Caan CBE, famous for BBC Series Dragons Den as well as building one of Britain’s most successful funds, Christian Eidem who as well as leading Tesla in Scandinavia is a close advisor to Elon Musk, Mark Carleton a Director of Liberty Media the owners of Formula 1, Gérard Ohresser the CEO of Edmond de Rothschild Bank and many other global business figures.

Companies currently raising rounds of venture investment are inevitably learning some hard truths. Primarily, VC dollars aren’t as readily available as they were in previous years due to COVID, and for the companies that are receiving funding, they’re finding that the terms are becoming increasingly less palatable. The good news for startups looking for funding is that a new pathway for direct investment is emerging: the family/multi-family offices of wealthy individuals and families. Single-family offices (SFOs) were first pioneered by the Al Futtaim’s, Olayan’s, Mansour as a way to centralize the management of the family fortune. Multi-family offices (MFOs) work under the same concept, but typically work with several wealthy families instead of just one. These offices traditionally managed investments and handled administrative items, like accounting and tax planning, property management, payroll activities, succession planning and legal affairs.

Founded in 2018 in Amsterdam, VentureRock is now active in Dubai, parallel to two more hubs in Amsterdam and Singapore. With the VentureRock Dubai Hub, the firm is bringing not only capital but also technology, talent and knowledge around early-stage startup investing and venture building to the UAE region. The hub is also running its own venture building studio – comprised of the Founders Lab and Builders Lab, and will become the launching pad for Venturerock portfolio companies to expand operations to the Middle East. Director of Business Development at The Private Investment Group Obediah Ayton added “I am excited to watch Venturerock showing the way venture capital funds are now being deployed post covid here in the UAE. The portfolio companies within Venturerock are some of the most exciting and innovative we have seen and I have no doubt they will be a welcome asset to both the public and private sector in the Middle East.”

Obediah Ayton or the ascent of a financial influencer? Obediah Ayton is a trust manager at Ayton Family Office Trust and a consultant at Tennor Holding B.V., an expert in family office business, AI driven accounting services, finance and accounting. Obediah Ayton about what happens when a Family Office takes the VC model: A new breed of ultra-high-net-worth families differs from the “old money” of the past. Their accumulation of wealth is typically more rapid and driven by savvy investment management or entrepreneurism. These Family Offices are controlling the venture investment game, but desire more transparency to underlying investments than the traditional venture investing experience provides. They also want the ability to cherry-pick the best deals, meet founding team and operations.

For years, family offices of wealthy dynasties have invested in bonds and shares. However, the next generation of family offices in looking to invest in alternative funds, technology solutions and fast-growth start-ups. Traditionally, family office investment strategies have focused on public bond, equity markets and alternative investments, such as hedge funds and real estate. However, these investments are no longer providing the returns they used to, and we see heightened enthusiasm for direct investment in businesses in order to increase return. There is a real opportunity here to develop mutually beneficial relationships between family offices, new funds and SMEs.

Obediah Ayton about how to raise money from family offices: Investment proposal: – When you have a specific project or investment opportunity, it is essential to prepare a list of suitable family offices before you contact them. Study the emotional interest within the Families history with specific areas or businesses. When creating the list, quality always beats quantity. Quality means: you should look for family investment offices which have previously invested in similar projects or are generally known for their open-minded investment style. Simply sending a generic mass mail to hundreds of family offices is rarely successful. While compiling the list already make notes about the SFOs and their investments – this will help you out later.

Right now is a great time to build close relationships with Family Offices for future capital raises! Moreover, diverse outreach also entails tailoring your conversations to the specifics of different family offices. Although there are general categories of offices — small single family offices, large single family offices, small multi family offices, and large multi family offices — Each firm is unique. “There is no singular template. Each family office has its own system — different sized teams, different missions, and different values.”Immediate results are not guaranteed, even with quality and diversified outreach. Quality conversations will take time to develop. Try to talk with family offices every day online and schedule face-to-face virtual meetings, and it still takes a long time to generate solid relationships, raise capital, or organize club deals.

Obediah Ayton on the new definition of a billionaire is not the net worth but in achieving change in a billion lives: We have seen family offices become much more engaged in discussions about sustainable and impact investing over the last 12 months. This is no longer seen as a ‘side project’ or preoccupation of the Next Gen, but a priority for the family as a whole. Many products are now recognised by family offices as fully-fledged investment tools that can generate good returns. New technologies such as artificial intelligence, machine learning, cryptocurrency, blockchain and even gaming have made their way onto the family office radar and into their budgets.