High cost of PE funds leads to more family offices using AI for private investments

As interest in private assets grows, veteran consultant Richard Ennis has beefed up his warning that alternatives have undermined the performance of endowments since the 2008 credit crisis

In 1992, just over thirty years ago, lenders were stunned by the collapse of property giant Olympia & York, owned by Canada’s Reichmann family, following its failure to service debts of $20 billion.

Family offices frustrated by a slump in returns over the last 18 months may be relieved to learn that better ways of handling venture capital opportunities are developing at speed, fuelled by AI-driven…