A Greek family investment group is the biggest deal marker on the earth, according to a survey of family offices by the professional services group, PwC.
Dimand, owned by Dimitris Andriopoulos, did 574 deals in the year up until June 2023, according to the survey. Stockholm-based Sterner Stenhus also did 574 deals during that period. Both these groups mainly invest in real estate.
The Global Family Office Deals Study 2023 survey showed that deals across private markets by family offices had fallen in volume and value terms in 2023. In the first half of 2023, deals by family offices fell to 376, compared with 672 in the first half of 2022. In value terms, deals fell to $97.1 billion in the first half of 2023, compared with $204 billion in the same period a year ago.
The report also found family offices have shifted their investment focus away from their traditional favourite sector, real estate, and moved more towards venture investing.