Campden Wealth invites family office principals and executives to share their experiences of venture capital investing in a new survey.
Following the success of its debut Family Offices Investing in Venture Capital—Global Trends and Insights Report 2020, in partnership with Silicon Valley Bank, Campden Wealth has launched its new survey for its second original piece of research into this dynamic sector.
VC deal-making in the United States remained remarkably resilient in 2020, with companies raising nearly $148 billion as of 14 December, according to PitchBook data—already a decade high.
Before the Covid-19 pandemic, 32% of family office principals told Campden Wealth they planned to increase their allocation into venture capital over the next 24 months.
Campden Wealth’s new 2021 study will explore the vital lessons learned by family offices in the global venture capital investment space. The Campden Research team will delve into family offices’ allocations to VC, investment performance, popular sectors and regions, investment by stage, and engagement with ESG/impact approaches.
Researchers will also collect family offices’ views on a range of key issues related to the future of venture capital, including non-traditional financing and new financing models, the evolution of the venture capital firm and how technology will reshape the investment process.
Dr Rebecca Gooch (pictured), director of research at Campden Wealth, said venture activity shows no signs of slowing down, with record participation of non-traditional investors.
“We’ve received messages from many families expressing regret they cannot participate this year because they don’t yet have the experience,” Gooch said.
“But they are looking to build their exposure and are eager about the publication of the report. For us, this reiterates the importance of collecting this scarce information.”
Among the many findings of the Family Offices Investing in Venture Capital—Global Trends and Insights Report 2020 were:
—On average, venture investments constituted 10% of participants’ overall portfolios, divided between direct investments (54% of the average VC portfolio) and funds (46%)
— Co-investing was a favoured route to share infrastructure and expertise, with 92% of family offices co-investing alongside other families and venture funds. Co-investments made up 19% of the average family office venture portfolio
— 63% percent of family offices said capital allocation to venture will stay the same or increase despite the Covid-19 pandemic. However, family offices may deploy capital more slowly, place greater emphasis on quality managers and move further toward sector diversification
Campden Research said the 2021 survey should take about 30 minutes to complete. All data will be treated with full confidentiality. Survey responses will be anonymised and aggregated for the final reports. Survey information will not be shared with any third-party, including Silicon Valley Bank.
Participants who complete the survey will receive a complimentary copy of the report upon its publication in the autumn of 2021.