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As America pulls back, global families step in 

By
Sergio Alonso Fernández de Córdova y de Veyga
Sergio Alonso Fernández de Córdova y de Veyga
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By
Sergio Alonso Fernández de Córdova y de Veyga
Sergio Alonso Fernández de Córdova y de Veyga
Down Arrow Button Icon
October 16, 2025, 6:00 AM ET
Sergio Alonso Fernández de Córdova y de Veyga is a global leader in public-private partnerships, technology-driven development, and multilateral collaboration. As Founder and Executive Chairman of the PVBLIC Foundation.
Sergio Alonso Fernández de Córdova y de Veyga is a global leader in public-private partnerships, technology-driven development, and multilateral collaboration. As Founder and Executive Chairman of the PVBLIC Foundation.courtesy of PVBLIC Foundation.

The next wave of global problem-solvers aren’t necessarily presidents, prime ministers or CEOs. They’re private families often working quietly, far from the spotlight, deploying their resources to repair and rebuild where governments can’t or haven’t yet acted. As the United States shifts focus inward and eases its role in driving global environmental and clean energy progress, these family offices are stepping in with a mission-driven focus, patient capital, and long-term vision to sustain momentum where it matters most. 

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These families move faster than governments, stay longer than politicians, and measure success in generations not in the fleeting shelf life of a campaign promise. 

Long viewed as passive managers of intergenerational wealth or charitable philanthropic donors writing checks on the sidelines, these families are now becoming central actors in geopolitics, public-private finance, and sustainable development. They are entering the ring with capital, conviction, and continuity. Deloitte estimates that over 8,000 of these offices now manage $3.1 trillion globally, soon projected to approach $5.4 trillion by 2030, comparable in scale to sovereign-level funding and far beyond niche philanthropy. 

What differentiates these families is their orientation. They are not beholden to quarterly earnings or election cycles and operate with a view toward legacy and systems that last. That patience, combined with agility, makes them ideal partners in a world defined by short-termism, fragmentation, fractured geopolitics and an evolving multilateralism. 

Doing more than just giving back

Over the past decade, I’ve seen this shift firsthand. Through my work as Executive Chairman of PVBLIC Foundation, we’ve worked with the United Nations, Heads of State, and hundreds of family offices from Africa, Asia, Europe, the Middle East and Latin America. What began as an informal engagement, supporting awareness campaigns or educational projects, has now evolved into something far more strategic. 

These family offices are looking to design forward, not just “give back.” And they’re doing so with long-term vision, stepping into roles once occupied by governments and development banks. With an economic development outlook, contributing evolutionary capital, they want to see the development space evolve at the impressive pace society and technology have in recent years. 

Some are creating new financing vehicles, building digital identity systems, space-based tools to monitor ecosystems, and disaster recovery technology for entire nations. Increasingly, they’re co-developing policy frameworks for tokenized natural assets that turn forests, reefs, and other environmental resources into financial instruments that fund their own protection. Platforms like the Development Bank for Resilient Prosperity (DBRP) are helping formalize this model, creating a new marketplace for what we call Real World Natural Assets (RWNA), blending conservation and preservation into value-based investment, grounded in sovereign data and long-term stewardship. These families are moving where traditional institutions cannot: fast, flexibly, and with generational intent.

This shift reflects a broader truth: the traditional architecture of development finance is under strain. Governments are overstretched. Multilateral institutions face reform fatigue. And trust in global leadership is fracturing, just as the need for solutions to protect nature, manage migration, stabilize conflict zones, and navigate technology disruption grows more urgent than ever before. 

Technology is evolving at speeds that are unrecognizable to legacy systems, outpacing regulatory frameworks, economic models, and even the imagination of traditional institutions. 

Many American policymakers have grown skeptical of multilateral engagement, preferring to focus inward. And that’s their prerogative. But as the U.S. Steps back from certain commitments, new space is being created, for other actors to lead. 

This opening isn’t being filled by governments alone. Increasingly, we’re seeing non-state actors step in: philanthropic institutions, global coalitions, and yes, family offices. Their presence is helping stabilize fragile initiatives, unlock new forms of capital, transfer next generation innovative IP and seed innovation where bureaucracy stalls. 

This is not about replacing governments. It’s about evolving the global ecosystem in which America was often left to lead, now alongside a broader coalition of actors. Families can move where institutions slow down. They can fund pilots that governments later scale. They can convene unlikely partners across regions and sectors. And most importantly, they can stay committed when the political winds shift. 

There are challenges. Not all family offices are aligned. Some are still driven by optics, or lack the depth to engage meaningfully. But the smartest among them are bringing in policy talent, measuring outcomes, and building durable infrastructure. They’re blending the pragmatism of business with the purpose of philanthropy. 

The new multilateralism

As someone who has worked at the intersection of government, private capital, and the UN system for two decades, I can say this with confidence: global families are no longer donors. They are becoming co-designers. 

Multilateralism is not vanishing, it is transforming. And this new era will not be authored by states alone. It will be co-created by those with skin in the game, vision beyond “next elections”, and a deep sense of intergenerational responsibility. 

The United States may be choosing to step back. But the world is not standing still. A new coalition of actors is rising, not to replicate the old order, but to build what comes next. 

The question isn’t whether family offices will shape the next chapter of global progress, it’s whether governments will have the foresight to work alongside them before that chapter is already written.

The opinions expressed in Coins2Day.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of  Coins2Day .

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By Sergio Alonso Fernández de Córdova y de Veyga
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Sergio Alonso Fernández de Córdova y de Veyga is a global leader in public-private partnerships, technology-driven development, and multilateral collaboration. As Founder and Executive Chairman of the PVBLIC Foundation, he has partnered with the United Nations, the Vatican, and the White House to design innovative financing models and data frameworks that have impacted over one billion people in more than 100 countries. Beginning his entrepreneurial journey at age 12, Sergio has since helped raise nearly $1 billion to advance economic inclusion, smart city policy, and sustainable infrastructure.

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