Family offices: how are they different?
This study investigates whether firms backed by family offices differ in performance outcomes from those backed by PE or VC. It also evaluates differences in growth and profitability, using two matched samples. The findings show that family office-backed companies have highly significant lower growth compared to their venture capital-backed counterparts, but no different growth from private equity backed companies. Furthermore, for return on assets, there is no significant difference between a FO-backed company compared to their VC-backed or PE-backed counterpart.