Damascus Partners

The U.S. dollar has declined significantly in 2025, the worst in nearly 40 years.

This isn’t just a chart about currency; it’s a lesson in value. Paper money loses purchasing power over time, but real assets, land, housing, and productive property, hold value through every cycle.

When the dollar falls, assets rise. It’s not luck, it’s math.

While family offices have existed for around 200 years—one of the first was established by the family of J.P. Morgan in 1838—they have grown substantially in recent years as the number of ultra-wealthy families around the globe, and the amount of wealth they hold, has exploded. Though the exact number is difficult to quantify, there are now over 8,000 single-family offices worldwide, 68% of which were established this millennium, managing more than $3 trillion in assets. And the total number is expected to grow even more dramatically, increasing by 75% by 2030.

How family offices became the investment powerhouses behind America's wealthiest dynasties Family offices have become an economic force, remaking how the wealth management industry operates.

In addition to broad-impact initiatives such as education, healthcare and poverty alleviation, donors are also backing specialized causes such as marine conservation.

Singapore's 10-fold rise in family offices is driving a philanthropy boom Singapore has more than 2,000 single-family offices — up from 200 in 2019. Many are channeling their overseas charitable efforts through the city-state.

Proud to partner on this 3600 unit development in South Carolina 🙏🏆

As we expand our footprint in the Southeast, we remain dedicated to our founding principle of partnering with like-minded companies to develop projects that bring lasting value to the communities we serve.

2 Greenville firms partner on massive coastal mixed-use development - GSA Business Report The project, spanning more than 1,500 acres, is the largest master-planned community to date for the Greenville developer.

Health is Wealth 🏆💪🙏

Proud to support this worthy cause during my business trip to South Carolina last week.

Broadstreet, Inc. Upstate businesses brought their best tailgate game to Fluor Field on Oct. 24 for a unique fundraising event. Broadstreet, Inc., a Greenville-based private equity firm, hosted its third annual flag

The Commonfund and the Council on Foundations found 39 per cent of private foundations reported using an OCIO last year, up from 24 per cent in 2018. Another, by Captrust, an investment advisory firm in North Carolina, found the number which worked with an OCIO had doubled since 2020.

Endowments and foundations race to outsource investment management Funds turn to external managers after other revenue sources faltered

The family behind the Family Office needs to trust their staff more comprehensively than a more corporate or institutional employer.

The Rise And Rise Of Family Offices: Larger Scale, Sharper Focus, And Talent That Mirrors Family Values Trust is the foundation of family office recruitment.

If You Know, You Go: Inside the Rise of Secret Villas, the Ultimate Destinations for Connected Travelers Deep pockets are no longer enough to secure the world’s best suites. We explore what it takes to lock in a hidden hideaway at global luxury hotels.

Countries that attract HNWIs from other parts of the world achieve powerful benefits like job creation and investment. Reversals in fortune are also notable as they impact global investment strategy.