North American family offices have highest allocation to PE

North American family offices have highest allocation to PE

Family offices in North America allocate 35% of the average portfolio to private equity, the highest regionally, according to the UBS Global Family Office Report 2024.  In its latest report, UBS surveyed 320 single-family offices globally with an average net worth of...
Jeito Capital exits biotech company HI-Bio for $1.15bn

Jeito Capital exits biotech company HI-Bio for $1.15bn

Paris-based private equity firm Jeito Capital will sell its portfolio company HI-Bio, a clinical-stage biotech company focused on immune-mediated diseases, to Biogen for $1.15bn.  The deal includes up to $650m in potential payments contingent on milestones being...