Family Office Networks Expands Alternative Investment Platform

Aug 22 2017 | 10:28pm ET

Family Office Networks (FON) has launched a new online technology platform aimed at providing family offices with access to alternative investment products.

The platform allows family offices to view, list and co-invest in investment opportunities that have been offered to a community of over 10,000 single and multi-family offices, FON said in a statement. It includes alternative investment products such as private equity, real estate, direct, sponsored and venture backed transactions. 

New technology will simplify the investment process in private placement transactions, and investors will be able to filter transactions by key parameters such as size, industry, current round and geography.

"The direction the market is going in is clear. More and more transactions are getting done digitally," said Andrew Schneider, Founder and CEO of Family Office Networks, in the statement.  "In the last 18 months we have seen companies such as BlackRock, KKR and UBS invest hundreds of millions of dollars in similar technologies. Our new platform stands out because we have the strongest distribution network of family offices seeking to allocate into alternative investments."

A mobile app is also under development and will be launched later this year, the company added. 

Family Office Networks was founded in 2014 by the Schneider Family Office as a community for families to share information and intelligence about potential investments, including private equity, venture capital, alternatives, and real estate. The firm also counsels family offices on portfolio management, record keeping, philanthropic management, multi-generational wealth management, compliance, regulatory assistance, risk management, insurance, life management, shared asset perks, training and education. 

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