Carlyle thinks the addressable family office market has total assets of $5 trillion, and the firm aims to capture a slice of it.
Carlyle Group
has recruited two senior executives, who concentrate on
family offices, both in newly-created roles. The firm
confirmed the appointments to this news service.
The US-headquartered organisation is targeting ultra-high
net worth individuals as new sources of wealth.
David Seeberan was named a partner and global head of the family
office group, while Victoria Matthews joined as a managing
director and head of the family office group for Europe and Asia,
Bloomberg initially reported on Friday. Carlyle
confirmed details to WealthBriefing
Seeberan, based in San Francisco, joined Carlyle from Cercano
Management, an investment firm catering to ultra-wealthy
individuals and family foundations. He is due to report to
Nedelman and Amal Alibair, the head of its client business for
North America. Matthews, based in London, was previously head of
UK family offices and endowments at BlackRock.
The article noted that Carlyle reckons that the addressable
family office market has total assets of $5 trillion, and the US
firm has raised about $50 billion from wealthy families and
individuals.