Family Offices Shift Capital Abroad Amid Rising US Policy Uncertainty

Family offices are increasingly redirecting capital away from US markets due to growing policy uncertainty, elevated stock valuations, and broader global investment opportunities. Singapore-based LionRock Capital, led by former Goldman Sachs executive Srihari Kumar, recently raised its non-US, non-India allocation from 20% to over 25%, cutting exposure to the US. Similar strategies are being observed across other firms, with preferences leaning toward Europe, Asia, and hard assets like real estate and gold. While the trend remains measured, analysts from Morningstar and various private banks note a growing investor preference for geographic diversification. With over USD3tr in global assets, family offices remain powerful market players, and any sustained shift could influence capital flows worldwide.