Upsets & OpeningsSeptember 14, 2022 – Media Mention
Corporate Partner, Andrew Apfelberg, shared his thoughts with Los Angeles Business Journal regarding the effects of economic uncertainties on wealthy investors and family offices. According to Apfelberg, in inflationary periods, the pendulum swings in favor of family offices, as opposed to private equity funds, because they are less worried about carrying debt. Family offices are also more flexible in adapting their needs at any given time because they don't have a target return, unlike private equity funds.
“The family office is able to look at their performance on a much broader class of assets than a private equity fund,” he said. “Certainly, higher interest rates will disfavor some asset classes, but that’s less of an issue with more diverse holdings.”