When Archegos Capital went up in smoke it inflicted $10B losses on its bankers and in the process drew attention to one of the most discrete, and best-resourced, players in global property markets: the family office.
The Archegos’ supernova event illuminated a corner of the property market that does not usually welcome light. But that is changing. Once a handful of family names hovered, silent and largely invisible, in the margins of the real estate sector. Today many thousands of these super-private family businesses are proud buyers… Read the full story here. |