AIFO

AIFO functions as the primary trade association for Italian single-family offices, providing advocacy, peer networking, and educational programming. Historically, Italian wealthy families managed assets through private banks rather than dedicated offices. AIFO emerged to professionalize this shift, creating a collective voice on regulatory issues such as tax treatment of investment vehicles and governance standards. It also serves as a deal-sharing platform among members.

Membership is restricted to single-family offices operating in Italy. Unlike multi-family offices or wealth managers, member entities must serve a single family's wealth. Exact qualification criteria, including minimum asset thresholds or staffing requirements, are not publicly codified, reflecting the private nature of the Italian family office community. AIFO does not publish its member roster.

Through its partnership with the European Family Office Association network, AIFO enables deal-sharing across borders. The September 2023 expansion of this collaboration formalized co-investment pipelines with family office associations in other European jurisdictions. This structure allows Italian family offices to access direct private equity, real estate, and venture deals sourced by peer offices in Northern Europe and North America.

No. AIFO is an industry body and does not manage capital, advise on individual investments, or operate as a multi-family office. It provides a platform for member offices to share due diligence, negotiate terms with external managers collectively, and discuss allocation strategy, but investment decisions remain with each member office.

AIFO organizes member working groups across private equity, venture capital, real estate, and private credit — asset classes that dominate Italian family office allocations. These groups facilitate peer exchange on manager selection, co-investment structuring, and market entry into specific geographies or sectors. Working group outputs are not publicly distributed.