Key Takeaways
- • At least four of Global Infrastructure Partners' six founding partners have started or expanded efforts to build specialized family office firms since BlackRock, led by CEO Larry Fink, acquired GIP for about $12.5 billion, according to Bloomberg data.
- • The GIP founders are former Credit Suisse bankers best known for building one of the world's largest investment firms, now extending that expertise into family office management.
- • Bloomberg's wealth index shows at least a fifth of the world's 500 richest people now have a family office, per the publisher's context, underscoring the broader growth of the sector.
- • The trend reflects a wider shift in which private asset strategies are becoming central to how wealthy families organize and oversee their fortunes.
Summary
Former Credit Suisse bankers who founded Global Infrastructure Partners (GIP) are building family office platforms of their own, according to Bloomberg. The GIP founders are best known for constructing one of the world's largest investment firms, and their move into family offices extends that track record into private wealth management.
According to data compiled by Bloomberg, at least four of GIP's six founding partners have started or expanded efforts to build specialized firms overseeing their personal fortunes since BlackRock Inc., led by Chief Executive Officer Larry Fink, acquired their company for about $12.5 billion. The development highlights how the private asset expertise developed at GIP is being applied to the management of individual wealth.
The activity sits within a broader expansion of the family office sector. Bloomberg's publisher context notes that at least a fifth of the world's 500 richest people on its wealth index now have a family office helping oversee fortunes totaling more than the figure cited in that report. Coverage by FA Mag also framed the story as part of the global family office boom tied to Fink's private asset strategy.
For institutional allocators and alternative-investment professionals, the story signals continued demand for institutionally structured private asset management among ultra-high-net-worth families, and the migration of senior private markets talent from large platforms into dedicated family office vehicles.
According to data compiled by Bloomberg, at least four of GIP's six founding partners have started or expanded efforts to build specialized firms overseeing their personal fortunes since BlackRock Inc., led by Chief Executive Officer Larry Fink, acquired their company for about $12.5 billion. The development highlights how the private asset expertise developed at GIP is being applied to the management of individual wealth.
The activity sits within a broader expansion of the family office sector. Bloomberg's publisher context notes that at least a fifth of the world's 500 richest people on its wealth index now have a family office helping oversee fortunes totaling more than the figure cited in that report. Coverage by FA Mag also framed the story as part of the global family office boom tied to Fink's private asset strategy.
For institutional allocators and alternative-investment professionals, the story signals continued demand for institutionally structured private asset management among ultra-high-net-worth families, and the migration of senior private markets talent from large platforms into dedicated family office vehicles.
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