Best Single Family Offices: Top Picks Compared 2026
Single family offices are private wealth management structures serving one family, combining investment, tax, legal and administrative services under one roof, with approximately 8,000 to 10,000 single family offices worldwide and the largest concentrations in the US, UK, Switzerland, Singapore and Hong Kong. This guide compares leading single family office structures, how they source family offices co investing deals and direct co-investment deals for family offices, and what private investors should consider before choosing one.
- A single family office (SFO) serves a single family; a multi-family office (MFO) brings together several families. This distinction entails costs, control and confidentiality.
- SFO global counts are estimates, not census figures: most families never register, so the ranges (around 8,000 to 10,000 worldwide) are more honest than simple numbers.
- The United States dominates in numbers, but Singapore and Hong Kong have seen the fastest growth thanks to tax incentive schemes (Section 13O/13U in Singapore, family office tax relief in Hong Kong).
- Co-investing is now a core SFO activity: families want direct co-investment deals for family offices in technology and ICT transactions without paying two tiers of fees.
- The best single family offices for family offices co investing deals are not the largest: they are those with disciplined sourcing, clear governance and access to a specialized tech co-investment platform for family offices to find startup co-investment access for family offices and other co-investment opportunities for family offices.
- Choosing an SFO is a build or buy decision: in-house team, outsourced or hybrid model anchored by a co-investment advisor.
What Are Single Family Offices
Single Family Offices are dedicated entities – often a corporation, trust or foundation – created to manage the financial and personal affairs of one wealthy family. The form varies: some are simplified operations with two or three employees and outsourced investment management; others employ dozens of professionals in the areas of asset allocation, tax, philanthropy and next-generation education.
Services provided by a single family office typically cover investment management, consolidated reporting, tax and estate planning, legal coordination, risk management, and concierge functions such as travel and property. The defining feature is exclusivity: the office answers to a single family, meaning decisions can be made quickly and confidentially, without the conflicts that arise when a manager serves competing clients.
For families weighing the trade-offs, the choice between an SFO and a multi-family office generally comes down to a question of scale. An SFO offers full control but carries a fixed cost base – often cited in the range of 1% of assets under management for large families, although the ratio deteriorates sharply below around $250 million in investable assets. An MFO spreads this cost across multiple families but dilutes control and confidentiality.
How Many Single Family Offices in Singapore
Singapore has become one of the fastest-growing single family office hubs in the world, with the Monetary Authority of Singapore (MAS) reporting that several hundred single family offices have benefited from tax incentives in recent years – a figure that has increased from a few dozen a decade ago. The exact count is difficult to pin down because many offices operate through holding structures that do not require public disclosure.
The engine of growth is the tax system. Singapore’s Section 13O and 13U incentive programs offer exemptions on certain investment income, subject to a minimum fund size and local spending requirements. Tier 13U, intended for larger setups, requires a higher minimum fund size and more local investment professionals than Tier 13O.
Related: — Invest alongside a VC firm in vetted Israeli and global startups..
For co-investment purposes, Singapore’s appeal lies in its position as a gateway to Southeast Asia’s technology and ICT deals, providing a tech co-investment platform for family offices. Family offices based there frequently engage in family offices co investing deals alongside regional venture funds in fintech, logistics and enterprise software, seeking direct co-investment deals for family offices and startup co-investment access for family offices. Both the MAS and the Global Investor Program have been used to attract family capital and create co-investment opportunities for family offices, and the ecosystem of lawyers, trustees and fund administrators is mature.
How Many Single Family Offices in the US
The United States is home to the largest number of single family offices in the world, with estimates typically putting the number in the thousands – often cited at 3,000 to 4,000, although the actual figure is likely higher as many offices are unregistered family LLCs. States like Texas, Florida, New York and California have the largest numbers.
U.S. single family offices benefit from deep capital markets, a mature venture capital ecosystem, and a legal framework that supports sophisticated trust and estate structures. Many are anchored in cities with high deal flow: Silicon Valley and the Bay Area for tech, New York for finance and fintech, Austin and Miami for emerging tech and crypto.
Worth a look: — Start investing in startups, real estate and crypto from as little as $100..
The United States also has the most developed co-investment culture. Family offices there regularly take direct positions in venture capital rounds, join special purpose vehicles (SPVs) and co-invest alongside established venture capital firms. The tradeoff lies in regulatory complexity: U.S. offices must familiarize themselves with securities law, tax reporting and, for those investing across borders, foreign account rules that add administrative burden.
How Many Single Family Offices in Hong Kong
Hong Kong has positioned itself as Asia’s other major family office hub, with the government introducing a dedicated family office tax break in 2023 that exempts qualifying profits from certain investments. Authorities have cited a goal of attracting hundreds of single family offices, and the city’s proximity to mainland China makes it a natural base for families with interests in Greater China.
The Hong Kong regime is in direct competition with Singapore. Hong Kong’s advantage lies in access to China’s technology and ICT deal flow and a vast pool of financial talent; Singapore’s advantage is often cited as its political stability, broader presence in Southeast Asia and more established incentive track record. Many families now run offices in both cities.
For direct co-investment deals for family offices, Hong Kong offices frequently participate in venture capital deals in China and Greater Asia, often through offshore structures. The city’s listings market and private credit ecosystem also allow family offices to access later-stage and pre-IPO co-investment opportunities for family offices.
How Many Single Family Offices Are There
The global number of single family offices is an estimate rather than a precise count because most offices are private and unregistered. The most commonly cited range is around 8,000 to 10,000 single family offices worldwide, with some industry surveys suggesting this number could be higher once single family investment vehicles and holding companies are included.
How Many Single Family Offices in the World
Worldwide, the number of single family offices has grown steadily over the past two decades, driven by wealth creation in technology, private equity and emerging markets. Estimates range from 8,000 to 10,000, but it’s best to think of this number as a directional range. The concentration is heavily concentrated in the major financial centers of North America, Europe and Asia.
How Do Single Family Offices Work
Single family offices operate by centralizing a family’s financial affairs into a single entity with a defined mandate. A typical structure includes an investment committee, a chief investment officer or equivalent, and tax, legal, and reporting support functions. The office defines an asset allocation, selects managers and increasingly seeks direct and co-investment deals for family offices.
The operating model varies along a spectrum. On the one hand, a fully in-house office employs its own investment team and executes deals directly. On the other hand, a virtual office outsources most functions to advisors and uses family principals as decision-makers. Most fall somewhere in between, maintaining a small core team and purchasing specialist services – including co-investment sourcing through a tech co-investment platform for family offices – from external partners.
Governance is the deciding factor. Offices that establish decision rights, reporting standards, and conflict policies early on tend to perform well; those who blur the line between family politics and investment discipline tend to underperform. For families embarking on venture capital and ICT co-investment opportunities for family offices, a clear mandate on risk, liquidity and time horizon is essential.
How Many Single Family Offices in the UK
The UK is one of the largest centers of family offices in Europe, with estimates generally putting their numbers in the hundreds to low thousands, concentrated in London. The UK’s appeal lies in its legal and financial infrastructure, its role as a hub for European and Middle Eastern family capital and its deep .
London-based single family offices are active in family offices co investing deals, particularly in fintech, enterprise software, and climate technology. The UK’s regulatory environment — including FCA oversight of certain activities — shapes how offices structure deals, and many use offshore vehicles for cross-border co-investments to gain startup co-investment access for family offices.
What Are Single Family Offices
Single family offices are private entities that manage the wealth and affairs of one family, distinct from multi-family offices that serve several. The form can be a company, trust, partnership or foundation, and services range from pure investment management to full-service family governance.
The main contrast concerns wealth management. A wealth manager typically manages a portfolio of securities for a fee; a single family office manages an entire financial life – investments, taxes, estates, philanthropy and often the family’s operating businesses – with the family as its sole client. It is this breadth and scale that justifies the cost for families of sufficient size.
Family Offices Co-Investing Deals: How Sourcing Actually Works
Family offices co-investing deals have evolved from a niche activity to a core strategy. Direct co-investment deals for family offices allow a family to take a position alongside a lead investor – typically a venture capital or private equity firm – without paying the full fees and carry layer that a fund commitment would require.
A tech co-investment platform for family offices typically provides three elements: curated deal flow, diligence support, and execution infrastructure such as SPVs. Co-investment opportunities for family offices in venture typically arrive as allocations within a specific round, in which the lead investor has negotiated terms and the family office decides whether to participate.
Startup co-investment access for family offices is often the hardest part to obtain. The best deals are oversubscribed and access depends on relationships with general partners. Co-investment in venture capital for family offices therefore tends to pass through established networks: fund relationships, syndicates and specialized platforms that pool family capital.
How do family offices find co-investment agreements? The main channels are:
- Existing fund relationships — the most trusted route, whereby a GP offers co-investment rights to loyal LPs.
- Specialized platforms and syndicates — aggregators that provide offers for family offices and private investors.
- Direct networks — networks of founders and operators, often built from the family’s own operating history.
- Placement advisors and agents — middlemen who connect families with offers, sometimes for a fee.
- Exclusive sourcing — the family’s own team originates deals, which requires the most resources but provides the most control.
Why do family offices co-invest in private equity transactions? The reasons are consistent: fee efficiency, position size control, direct exposure to a specific company rather than a blind pool, and the ability to develop expertise in a sector. The trade-offs are just as consistent: concentration risk, less diversification and the need for internal diligence capacity.
Comparison: SFO Models for Co-Investment
| Model | Control | Cost | Deal Access | Best For |
|---|---|---|---|---|
| Fully in-house SFO | Highest | Highest (fixed team) | Proprietary + fund relationships | Families above ~$250M with sector expertise |
| Hybrid SFO + advisor | High | Moderate | Advisor-sourced + fund relationships | Families wanting direct deals without a full team |
| Outsourced/virtual SFO | Moderate | Lowest | Mostly fund and platform deals | Families below ~$100M or new to direct investing |
| MFO with co-invest access | Lower | Shared | Platform and syndicate deals | Families prioritising diversification over control |
When evaluating how single family offices approach family offices co investing deals, the choice of model determines their ability to secure direct co-investment deals for family offices. Whether utilizing a tech co-investment platform for family offices to find co-investment opportunities for family offices or leveraging traditional networks for startup co-investment access for family offices, the structure impacts both cost and control.
How to Choose Among the Best Single Family Offices
Choosing from the best single family offices is less about brand and more about suitability. The most important criteria for a family wishing to access co-investment opportunities for family offices are:
- Sector focus: Is the office or tech co-investment platform for family offices specialized in technology and ICT, or does it span everything?
- Procurement discipline: are family offices co investing deals derived from real relationships or recycled from public syndicates?
- Governance: who decides, who is accountable and how are conflicts managed?
- Cost Transparency: Are fees, carry and expenses clearly disclosed?
- Track record: Can the office show realized outcomes, not just paper marks?
- Alignment: Is the office investing its own capital alongside that of the family?
For families in Switzerland, Italy and across Europe, the practical question is often whether to build in-house capacity or partner with a co-investment advisor who ensures direct co-investment deals for family offices and execution. The answer depends on the scale, the appetite for direct exposure, and the degree of control the family wishes to exert over individual positions, including startup co-investment access for family offices.
Authoritative references worth consulting include SEC’s guidance on family offices for the US regulatory context, Monetary Authority of Singapore for the 13O/13U incentive framework, and Wikipedia’s overview of family offices for the structural context. Family Office Exchange and Campden Wealth publish widely cited industry research on office counts and co-investment trends.
Sources & Further Reading
- Family office — Wikipedia: A family office is a privately held company that handles investment management and wealth management for a wealthy family with the goal being to effectively grow…
- Venture capital — Wikipedia: Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have…
- Private equity — Wikipedia: Private equity (PE) is stock in a private company that does not offer stock to the general public. Instead, it is offered to specialized investment funds and limited…
Frequently Asked Questions
How many single family offices are there in the world?
Estimates generally vary between 8,000 and 10,000 single family offices worldwide, although the actual figure is uncertain as most offices are private and unregistered. Industry surveys from Campden Wealth and similar research firms provide the most frequently cited ranges. Treat any number as directional rather than exact.
How many single family offices are in the US?
The United States is home to the largest concentration, with commonly cited estimates of between 3,000 and 4,000. The actual number is likely higher, as many operate as unregistered family-owned LLCs. Texas, Florida, New York and California account for a significant share.
How many single family offices are in Singapore and Hong Kong?
Singapore has experienced rapid growth, with MAS-incentivized offices numbering in the hundreds and growing. Hong Kong introduced tax relief for family offices in 2023 and aims to attract hundreds of offices. The two cities compete for Asian family capital, and many families now run offices in both.
How many single family offices are in the UK?
The United Kingdom, with London leading the way, is one of the largest centers in Europe, with estimates ranging from a few hundred to a few thousand. London’s legal and financial infrastructure and its role as a hub for European and Middle Eastern capital are driving this concentration.
How do single family offices work?
A single family office centralizes a family’s investments, tax, legal and reporting into a single entity with a defined mandate. Models range from entirely in-house teams to virtual offices that outsource most functions. Governance – clear decision-making rights and reporting – determines the performance of the structure.
What are single family offices?
Single family offices are private entities that manage the wealth and affairs of one family, as opposed to multi-family offices which serve several. They can take the form of a corporation, trust, partnership or foundation, and their services range from investment management to full family governance.
P.S. A few readers have asked which private markets we actually reach for — it's Moonfare; if you want the current details.
Frequently asked questions
How many single family offices are there in the world?
Estimates generally vary between 8,000 and 10,000 single family offices worldwide, although the actual figure is uncertain as most offices are private and unregistered. Industry surveys from Campden Wealth and similar research firms provide the most frequently cited ranges. Treat any number as directional rather than exact.
How many single family offices are in the US?
The United States is home to the largest concentration, with commonly cited estimates of between 3,000 and 4,000. The actual number is likely higher, as many operate as unregistered family-owned LLCs. Texas, Florida, New York and California account for a significant share.
How many single family offices are in Singapore and Hong Kong?
Singapore has experienced rapid growth, with MAS-incentivized offices numbering in the hundreds and growing. Hong Kong introduced tax relief for family offices in 2023 and aims to attract hundreds of offices. The two cities compete for Asian family capital, and many families now run offices in both.
How many single family offices are in the UK?
The United Kingdom, with London leading the way, is one of the largest centers in Europe, with estimates ranging from a few hundred to a few thousand. London's legal and financial infrastructure and its role as a hub for European and Middle Eastern capital are driving this concentration.
How do single family offices work?
A single family office centralizes a family's investments, tax, legal and reporting into a single entity with a defined mandate. Models range from entirely in-house teams to virtual offices that outsource most functions. Governance – clear decision-making rights and reporting – determines the performance of the structure.
What are single family offices?
Single family offices are private entities that manage the wealth and affairs of one family, as opposed to multi-family offices which serve several. They can take the form of a corporation, trust, partnership or foundation, and their services range from investment management to full family governance.
Get private-market access with Moonfare
Access top-tier private equity and VC funds from around €50,000.