KPMG: Family businesses, HNWIs make good partners

[SINGAPORE] A KPMG report on family businesses and high net worth individuals (HNWIs) around the world argues that the two groups could make compatible business partners.

This is despite family firms ranking HNWIs low on their list of preferred investors, compared to private equity, corporate investors and hedge funds.

Nevertheless, the 42 per cent of family businesses who have tapped financing from HNWIs - likely to be close friends or relatives - were overwhelmingly positive about their experience. Only 8 per cent said that their experience was negative.