With plenty of money and time, family offices eye risky markets

With deep pockets and long time horizons, and perhaps even a desire to do good, some of the world’s wealthiest families are investing in risky African and other frontier markets.

Family offices, which manage assets on behalf of wealthy families in more developed markets, are generally tight-lipped and seen as conservative in their approach to investing.

But their “patient capital”, or money they are prepared to invest for the long term, can be well-suited to frontier markets – the less-developed emerging markets.