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Jessica Bulen

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“They've got real concerns around the risk that is still with them day to day. So they're really looking for a very liquid portfolio or investments that can generate liquidity. Older family offices have been invested for decades.”

Jessica Bulen · said date not stated · reported 2026-10-23

A BlackRock executive explains that newer family offices seek liquidity due to lingering risk from concentrated positions, while older family offices have been invested for decades.

verbatim, matched to source CNBC
“Newer wealth generation tends to be from private company founders and holders of concentrated positions,”

Jessica Bulen · said date not stated · reported 2026-10-23

A BlackRock executive explains that newer family offices typically originate from private company founders with concentrated positions.

verbatim, matched to source CNBC
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