European tech promise
LJ Partnership sees the European tech and venture sector as having considerable promise. The European media, internet and technology sectors continue to experience strong growth, with deals valued at more than $460 billion completing in the last three years, the organisation said. "With £16 billion ($21 billion) of unrealised value in VC backed European businesses, Europe represents an increasingly fertile ground for future leaders in global technology. The increase in the number of tech exits has also created unprecedented demand for experienced European dealmakers with a thorough understanding of its digital economy. Since 2014, Europe has seen more tech IPOs than the US, and more than twice the number in 2016 and 2017 (source: LSE)," the firm said.

As reported in July, Dilmun, a New York-based family office, acquired a 40 per cent equity stake in LJ Partnership. LJ Partnership is planning to open offices in New York, Singapore, Sydney and Auckland as part of its worldwide expansion to meet the needs of Asian high net worth families and institutional investors.

LJ Partnership is backed by Hong Kong-based Petersen Group. The group has been a strategic investor in the MFO since 2015 and has a 35 per cent stake.

The firm also announced senior management changes in the summer. Co-chairman Andrew Williams (formerly chief executive) is now focused on driving the firm's growth in Asia and Australasia. Alexander de Meyer (formerly chief operating officer) was appointed CEO and is based in London. 

The organisation has been upbeat about prospects for its Asia business. LJ Partnership has offices in London, Hong Kong, Miami and Geneva, and supervises in excess of $15 billion of assets on behalf of individuals, family offices, foundations and charities.