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Largest Family Offices List

This page groups 50 family office profiles for readers researching offices with disclosed assets under management. The table spans 18 single-family offices and 32 multi-family offices, with profiles concentrated in the United States and New York the most represented city. Private equity and real estate are the most frequently listed investment focuses, followed by hedge funds and venture capital. Use the disclosed AUM fields to sort and compare the information available, while keeping in mind that firms may report assets on different bases. AUM alone does not show available capital, mandate fit or check size. The page is useful for narrowing an initial research set, whether you are assessing potential investors, mapping firms for a fund strategy or conducting market research. Review each profile carefully and confirm relevant details before approaching an office. The full list adds contact and decision-maker details and check size fields.

At a glance

  • All 50 profiles have disclosed AUM.
  • The list contains 18 single-family offices and 32 multi-family offices.
  • The United States accounts for 30 profiles, and New York for 10.
  • Private equity appears for 24 offices and real estate for 23.

Family office profiles (50)

Public firm-level fields only. Contact details are withheld. Order follows disclosed assets under management where available, then profile depth. It is not a ranking.

Over $20B (46)

Hightower Family Office

Chicago, IL | Multi-family office | Founded 2007

Hightower Family Office coordinates wealth management services for families, entrepreneurs and business owners. Its work spans investment decisions, tax and estate planning, philanthropy and family governance.

AUM range
Over $20B
Check size
Not stated
Asset classes
Public Equities, Fixed Income, Private Equity, Venture Capital, Real Estate, Private Credit
  • Equities
  • Fixed Income
  • Private Equity
  • Venture Capital
  • Real Estate
  • Private Credit

Azimut Investment Management Singapore Ltd.

Singapore, Singapore | Multi-family office | Founded 1989

Azimut Investment Management Singapore provides wealth management, fund management, and family office services to private clients. It is part of the Azimut Group, an international asset management group.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Real Estate
  • Private Equity
  • Real Estate

Bessemer Trust

New York, NY | Multi-family office | Founded 1907

Bessemer Trust is a privately owned, independent multi-family office serving individuals and families with substantial wealth. Its stated investment areas include equities, fixed income, credit, commodities, currencies and hedge funds.

AUM range
Over $20B
Check size
Not stated
Asset classes
Public Equities, Fixed Income, Private Credit, Commodities, Hedge Funds
  • Mid- and Small-Cap Equities
  • Fixed Income
  • Credit
  • Commodities
  • Currencies
  • Hedge Funds

Patriarch Partners, LLC

New York, NY | Single family office | Founded 2000

Patriarch Partners is a family office and private investment firm that acquires and restructures companies, with a focus on undervalued American brands and business operations.

AUM range
Over $20B
Check size
Not stated
Asset classes
Real Estate, Private Equity, Venture Capital, Hedge Funds
Wealth source
Not stated
  • Real Estate
  • Private Equity
  • Venture Capital
  • Hedge Funds
  • Alternative Investments
  • Company Acquisitions

AlTi Tiedemann Global

New York, NY | Multi-family office | Founded 1999

AlTi Tiedemann Global is a multi-family office and wealth management firm serving families, family offices, foundations, and institutions. Its services include investment management, advisory, trust, administrative, and family office support.

AUM range
Over $20B
Check size
Not stated
Asset classes
Public Equities, Fixed Income, Private Equity, Private Credit, Hedge Funds, Real Estate
  • Equities
  • Fixed Income
  • Private Equity
  • Private Debt
  • Hedge Funds
  • Real Estate

Téthys SAS

Neuilly-sur-Seine, France | Single family office | Founded 1996

Téthys is the holding company of the Bettencourt-Meyers family, which is a major shareholder of a cosmetics company.

AUM range
Over $20B
Check size
Not stated
Asset classes
Venture Capital, Direct Investments
Wealth source
Bettencourt-Meyers family; cosmetics business
  • Healthcare
  • Digital Health
  • Life Sciences
  • Education Technology
  • Legal Technology
  • Software

Gotthard Partners AG

Zurich, Switzerland | Multi-family office | Founded 2009

Gotthard Partners is a multi-family office advising entrepreneurs, families, foundations, and private individuals on sustaining wealth. It provides holistic advice alongside wealth management services.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Hedge Funds
  • Private Equity Funds
  • Hedge Funds

JAWS Estates Capital, LLC

Miami Beach, FL | Single family office | Founded 1991

JAWS Estates Capital is the family office associated with the Sternlicht family. Its stated investment areas include global real estate, hotel management, oil and gas, and energy infrastructure.

AUM range
Over $20B
Check size
Not stated
Asset classes
Real Estate, Infrastructure
Wealth source
Sternlicht family; investment and business activities in real estate, hotel management, oil and gas, and energy infrastructure
  • Global Real Estate
  • Hotel Management
  • Oil And Gas
  • Energy Infrastructure
  • Private Alternative Investments

Iconiq Capital, LLC

San Francisco, CA | Multi-family office | Founded 2011

Iconiq Capital is a global multi family office operating as an independent registered investment adviser.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Venture Capital, Real Estate
  • Technology Growth Equity
  • Venture Capital
  • Middle Market Buyout
  • Real Estate
  • Impact
  • Philanthropy

JAB Holding Company S.à r.l.

London, United Kingdom | Single family office | Founded 2012

JAB Holding Company is an investment vehicle for the Reimann family, with historical roots in the Benckiser chemicals business. It invests in and develops businesses, including in consumer goods and services, coffee, café retail, life insurance, and real estate.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Real Estate
Wealth source
Reimann family; chemicals business
  • Consumer Goods and Services
  • Life Insurance
  • Retirement
  • Coffee
  • Café Retail

Grosvenor Family Office

Chester, CA, United Kingdom | Single family office | Founded 1814

Grosvenor Family Office manages investments in UK real estate and rural estates, as well as an estate in Spain. Its stated investment areas also include equities, bonds, commodities, hedge funds and private equity.

AUM range
Over $20B
Check size
Not stated
Asset classes
Real Estate, Public Equities, Fixed Income, Commodities, Hedge Funds, Private Equity
Wealth source
Not stated
  • Real Estate
  • Rural Estates
  • Equities
  • Bonds
  • Commodities
  • Hedge Funds

XP Multi Family Office

Sao Paulo, SP, Brazil | Multi-family office | Founded 2006

XP Multi Family Office manages investments in Brazil and internationally on a discretionary basis. It is compensated by the families it serves, which can hold assets at a financial institution.

AUM range
Over $20B
Check size
Not stated
Asset classes
Not stated

Mayert, Larson & Derlago Wealth Management Group

Calgary, AB, Canada | Multi-family office | Founded 2006

MLD Wealth Management is a multi-family office providing wealth planning and financial services to families and individuals. Its services include financial planning, tax structuring, and portfolio management.

AUM range
Over $20B
Check size
Not stated
Asset classes
Not stated
  • Wealth Planning
  • Financial Planning
  • Tax Structuring
  • Portfolio Management

Feri Family Trust GmbH

Bad Homburg, Germany | Multi-family office | Founded 2006

Feri Family Trust provides multi-family office services to family wealth funds and institutional clients. The company is based in Hesse, Germany.

AUM range
Over $20B
Check size
Not stated
Asset classes
Real Estate, Private Equity, Hedge Funds
  • Family Office Services
  • Real Estate
  • Mergers and Acquisitions
  • Private Equity
  • Hedge Funds

IEQ Capital Family Office

San Francisco, CA | Multi-family office | Founded 2019

IEQ Capital is an independent wealth management firm with a multi-family office offering. It helps families coordinate investment strategies and related services tailored to their needs.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Public Equities, Fixed Income, Real Estate
  • Private Equity
  • Public Equity
  • Fixed Income
  • Alternative Investments
  • Real Estate
  • Technology

The Lóng Holding and Trust

Singapore, Singapore | Single family office | Founded 2021

The Lóng Holding and Trust is a Singapore-based single-family office with business branches spanning financial services, software, company building, and venture capital. Its stated interests also include venture capital, real estate, and debt finance.

AUM range
Over $20B
Check size
Not stated
Asset classes
Venture Capital, Real Estate, Private Credit
Wealth source
Not stated
  • Venture Capital
  • Real Estate
  • Debt Finance
  • Financial Services
  • Software

Orchard Holdings Group, LLC

Cincinnati, OH | Single family office | Founded 2005

Orchard Holdings Group is a private investment firm that invests family capital in businesses with potential for long-term value creation. It partners with management teams to build businesses over time.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Funds
Wealth source
Not stated
  • Business Investments
  • Business Building
  • Long-Term Growth

CBP Quilvest S.A.

Luxembourg, Luxembourg | Multi-family office | Founded 1917

CBP Quilvest is an independent banking entity providing private wealth management and family office services. Its stated areas include real estate and private equity.

AUM range
Over $20B
Check size
Not stated
Asset classes
Real Estate, Private Equity
  • Real Estate
  • Private Equity
  • Private Wealth Management

Archegos Capital Management, LP

New York, NY | Single family office

Archegos Capital Management is a family office that manages the wealth of the Hwang family.

AUM range
Over $20B
Check size
Not stated
Asset classes
Hedge Funds
Wealth source
Hwang family
  • Hedge Funds

Fedesa Family Office

Gildo Pastor Center, Monaco | Single family office

Fedesa Family Office is a single family office for the Ferrero family. It invests in stocks, loans, private equity, venture capital and hedge funds.

AUM range
Over $20B
Check size
Not stated
Asset classes
Public Equities, Private Credit, Private Equity, Venture Capital, Hedge Funds
Wealth source
Ferrero family
  • Stocks
  • Loans
  • Private Equity
  • Venture Capital
  • Hedge Funds

Silvercrest Asset Management Group LLC

New York, NY | Multi-family office | Founded 2002

Silvercrest Asset Management Group is an independent investment advisor providing asset management and family office services to families and select institutional investors. Its approach includes portfolio construction, risk management, and diversification.

AUM range
Over $20B
Check size
Not stated
Asset classes
Funds, Hedge Funds, Private Equity
  • Funds
  • IPOs
  • Hedge Funds
  • Private Equity
  • Alternative Investments
  • Endowments & Foundations

Groupe Artémis S.A.

Paris, France | Single family office | Founded 1992

Groupe Artémis is a Paris based family office and holding company with investments in apparel, accessories, luxury, sport and lifestyle businesses. It also holds interests in an auction house and vineyards.

AUM range
Over $20B
Check size
Not stated
Asset classes
Direct Investments, Public Equities
Wealth source
Pinault family; retail and luxury goods
  • Apparel
  • Accessories
  • Luxury
  • Sport
  • Lifestyle
  • Vineyards

Bayshore Global Management LLC

Palo Alto, CA | Single family office | Founded 2006

Bayshore Global Management is a single-family office established in 2006. Its stated areas of interest are technology and startups.

AUM range
Over $20B
Check size
Not stated
Asset classes
Venture Capital
Wealth source
Brin family; technology
  • Technology
  • Startups

Ovadiya Aharonoff Multi-Family Office LLC

Hallandale Beach, FL | Multi-family office | Founded 2011

Ovadiya Aharonoff Multi-Family Office is a multi family office and merchant banking organization investing directly in public and private companies and assets. Its activities span corporate finance, real estate, healthcare, restructuring, and specialized financing.

AUM range
Over $20B
Check size
Not stated
Asset classes
Public Equities, Private Equity, Private Credit, Real Estate, Direct Investments, Digital Assets
  • Public Equity
  • Private Equity
  • Private Credit
  • Direct Lending
  • Real Estate
  • Healthcare

CapFund Group

Sunny Isles Beach, FL | Multi-family office | Founded 2011

CapFund Group is a multi-family office and merchant banking firm involved in investments, restructurings, and financings across business transactions, real estate, corporate finance, banking, and healthcare. Its activities include direct investments in public and private companies and debt and equity transactions.

AUM range
Over $20B
Check size
$1M to $5M
Asset classes
Private Equity, Public Equities, Real Estate, Private Credit, Direct Investments
  • Business Transactions
  • Real Estate
  • Corporate Finance
  • Banking
  • Healthcare
  • Restructuring

HB Wealth

Atlanta, GA | Multi-family office

HB Wealth provides family office services to select families, including wealth management, trust and estate planning, and private investment support. It coordinates with families’ other advisors and staff to manage wealth across generations.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Direct Investments
  • Wealth Management
  • Trust And Estate Planning
  • Private Investments

Berman Capital Advisors, LLC

Atlanta, GA | Multi-family office | Founded 2010

Berman Investment Advisors is a multi-family office providing wealth management and support with asset transfers, beneficiary education, and tax planning. It coordinates with legal and financial professionals on these matters.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Venture Capital, Public Equities, Funds
  • Private Equity
  • Venture Capital
  • Individual Stocks
  • Mutual Funds
  • Tax Planning
  • Beneficiary Education

Cresset Family Office

Chicago, IL | Multi-family office | Founded 2018

Cresset Family Office provides multi-family office services for clients managing wealth. Its stated offerings include private investments, estate and wealth transfer planning, tax planning, trust services, banking, and lending.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity
  • Private Investments
  • Estate Planning
  • Wealth Transfer
  • Tax Planning
  • Trust Services
  • Private Equity

Harris myCFO

Chicago, IL | Multi-family office | Founded 1999

CTC | myCFO is a wealth consulting firm serving affluent individuals, families, and family offices. It provides investment consulting and multi-family office services.

AUM range
Over $20B
Check size
Not stated
Asset classes
Not stated
  • Investment Consulting
  • Wealth Consulting
  • Family Office Services

Gopher Asset Management, Ltd.

Shanghai, China | Multi-family office | Founded 2010

Gopher Asset Management provides alternative investment and related services. Its stated focus areas include private equity, real estate funds, secondary market investments, family office accounts, and institutional services.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Real Estate, Funds
  • Private Equity
  • Real Estate Funds
  • Secondary Market Investments
  • Fund-of-Funds
  • Institutional Services

REYL Private Office Sàrl

Geneva, Switzerland | Multi-family office | Founded 1973

REYL Private Office provides multi-family office services as part of the REYL Group, an independent banking group with offices in Switzerland and other international locations.

AUM range
Over $20B
Check size
Not stated
Asset classes
Not stated

Wittington Investments Limited

London, United Kingdom | Single family office | Founded 1941

Wittington Investments is a private holding company for the Weston family and the Garfield Weston Foundation. Its investments include a controlling interest in Associated British Foods, along with luxury retail, real assets, hotels, private equity and private credit.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Private Credit, Public Equities, Real Estate
Wealth source
Weston family; food, ingredients and retail businesses
  • Food
  • Ingredients
  • Retail
  • Luxury Retail
  • Hotels
  • Commercial Property

Sagard Holdings

New York, NY | Multi-family office | Founded 2025

Sagard Wealth provides wealth management and family office services to individuals, families, and foundations. Sagard invests across venture capital, private equity, private credit, and real estate.

AUM range
Over $20B
Check size
Not stated
Asset classes
Venture Capital, Private Equity, Private Credit, Real Estate
  • Venture Capital
  • Private Equity
  • Private Credit
  • Real Estate
  • Financial Services
  • Healthcare

Meristem l Cresset

Minnetonka, MN | Multi-family office | Founded 2022

Meristem and Cresset formed a multi-family office serving clients across multiple markets. The firm combines the two organizations' family wealth and asset management businesses.

AUM range
Over $20B
Check size
Not stated
Asset classes
Not stated

Oxford Financial Group, Ltd.

Indianapolis, IN | Multi-family office | Founded 1981

Oxford Financial Group is a multi-family office and independent wealth management firm serving families and institutions. It provides estate planning advice and investment strategies, with expertise in alternative investments and private equity.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Hedge Funds
  • Estate Planning
  • Alternative Investments
  • Private Equity

Wilmington Trust Family Office

Wilmington, DE | Multi-family office | Founded 1903

Wilmington Trust provides wealth advisory and family office services, including trust, financial planning, fiduciary, asset management and private banking services. It serves families with multigenerational relationships.

AUM range
Over $20B
Check size
Not stated
Asset classes
Not stated
  • Financial Services

Ramsbury Invest AB

Stockholm, Sweden | Single family office

Ramsbury Invest is a single family office for the Persson family, whose wealth was built through Hennes & Mauritz. It holds the family’s controlling interest in H&M and invests across listed securities, private companies, funds, real estate, hospitality, and other sectors.

AUM range
Over $20B
Check size
Not stated
Asset classes
Public Equities, Private Equity, Venture Capital, Funds, Real Estate, Infrastructure
Wealth source
Persson family; fashion retail through Hennes & Mauritz
  • Fashion Retail
  • Listed Equities
  • Technology
  • Healthcare
  • Private Equity
  • Real Estate

Farther Family Office

San Francisco, CA | Multi-family office | Founded 2019

Farther Family Office provides advisory services and technology-supported financial management for families. Its services are designed to address integrated financial and personal planning needs.

AUM range
Over $20B
Check size
Not stated
Asset classes
Not stated
  • Wealth Management
  • Financial Planning
  • Advisory Services

Offit Capital Advisors

New York, NY | Multi-family office | Founded 2007

Offit Capital is a multi-family office serving individuals, families, endowments, and foundations. It provides investment advisory services across asset classes, including public equities, fixed income, private equity, private credit, real estate, and hedge funds.

AUM range
Over $20B
Check size
Not stated
Asset classes
Fixed Income, Private Equity, Public Equities, Hedge Funds, Private Credit, Real Estate
  • Fixed Income
  • Private Equity
  • Equities
  • Hedge Funds
  • Private Credit
  • Real Estate

Alvarium Investments

Auckland, New Zealand | Multi-family office | Founded 2009

Alvarium Wealth is part of a privately owned, independent investment management boutique. It provides investment services to individuals, families, foundations, and charitable trusts through funds, managed accounts, and tailored solutions.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Real Estate, Funds
  • Private Equity
  • Funds
  • Real Estate

LDJ Capital Multi-Family Office

New York, NY | Multi-family office | Founded 2005

LDJ Capital Multi-Family Office provides advice and services to families and individuals. Its stated areas span private equity, venture capital, real estate, public markets, commodities, technology, media, and consumer sectors.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Venture Capital, Real Estate, Public Equities, Hedge Funds, Commodities
  • Private Equity
  • Venture Capital
  • Real Estate
  • Public Markets
  • Commodities
  • Technology

Stonehage Fleming Family & Partners Limited

London, United Kingdom | Multi-family office | Founded 1976

Stonehage Fleming Family & Partners is a multi-family office and asset management firm.

AUM range
Over $20B
Check size
Not stated
Asset classes
Private Equity, Real Estate, Hedge Funds
  • Asset Management

Tattarang

Broadway Nedlands, WA, Australia | Single family office | Founded 2001

Tattarang is the private investment vehicle for the Forrest family. The family's wealth came from business ventures including mining, farming and cattle.

AUM range
Over $20B
Check size
Not stated
Asset classes
Real Estate, Commodities
Wealth source
Forrest family; mining, farming and cattle businesses
  • Agri-Food
  • Energy
  • Natural Resources
  • Property
  • Real Estate
  • Lifestyle

Arrivato, LLC

Allentown, PA | Single family office | Founded 2013

Arrivato is an extension of a single-family office focused on principal strategies. Its real estate activities include multifamily acquisitions, land development, and solar development.

AUM range
Over $20B
Check size
Not stated
Asset classes
Real Estate, Infrastructure
Wealth source
Not stated
  • Multifamily Acquisitions
  • Land Development
  • Solar Development
  • Special Situations
  • Proprietary Trading

Ferré Rangel Family Office

Boston, MA | Single family office

Ferré Rangel Family Office manages the Ferré Rangel family's real estate investment strategy. Its investments include value added real estate opportunities in growing markets in the United States and Latin America.

AUM range
Over $20B
Check size
Not stated
Asset classes
Real Estate
Wealth source
Ferré Rangel family; real estate
  • Rental Real Estate
  • Multifamily Real Estate
  • Industrial Real Estate
  • Mixed Use Developments

L Investments

New York, NY | Single family office | Founded 1999

L Investments is a single-family office with a portfolio of public and private equity.

AUM range
Over $20B
Check size
Not stated
Asset classes
Public Equities, Private Equity, Hedge Funds
Wealth source
Not stated
  • Oil And Gas
  • Clean Technology
  • Clean Energy

$5B-$20B (4)

Chevy Chase Trust Company

Bethesda, MD | Multi-family office | Founded 1999

Chevy Chase Trust is an independent investment management firm providing investment management, estate planning, and financial planning services. Its stated investment areas include long-term equity and fixed income, as well as molecular medicine and genomic sequencing technology.

AUM range
$5B-$20B
Check size
Not stated
Asset classes
Public Equities, Fixed Income
  • Long-Term Equity
  • Fixed Income
  • Molecular Medicine
  • Genomic Sequencing Technology

Archer Asia

Central, Hong Kong | Multi-family office | Founded 2009

Archer Asia is a multi-family office focused on Asian alternative investments. Its fund invests with an emphasis on risk-adjusted returns and capital preservation.

AUM range
$5B-$20B
Check size
Not stated
Asset classes
Hedge Funds, Funds
  • Asian Alternative Investment Funds
  • Hedge Fund Investment
  • Due Diligence

Rockefeller Capital Management

New York, NY | Multi-family office | Founded 2018

Rockefeller Capital Management provides family office, wealth management, asset management and strategic advisory services to individuals, families, institutions and corporations. The firm launched following the acquisition of the Rockefeller family private investment office.

AUM range
$5B-$20B
Check size
Not stated
Asset classes
Private Equity, Funds
  • Family Office Services
  • Wealth Management
  • Asset Management
  • Strategic Advisory

Henry Crown and Company

Chicago, IL | Single family office

Henry Crown and Company manages investments across publicly traded securities, real estate, investment funds, and privately held operating companies. Its subsidiary holding company manages wholly owned businesses.

AUM range
$5B-$20B
Check size
Not stated
Asset classes
Public Equities, Real Estate, Funds, Direct Investments, Infrastructure, Private Credit
Wealth source
Crown family
  • Public Securities
  • Real Estate
  • Operating Companies
  • Industrial Manufacturing
  • Transportation
  • Food Processing

Videos for this list

Video thumbnail: How to Start a Family Office Mini-Series | EP 1 of 14
How to Start a Family Office Mini-Series | EP 1 of 14Introduces a mini-series about starting a family office, with this first episode outlining the topic and the steps the series will cover.
Video thumbnail: What is a Family Office & Why Have 10,000 Ultra-Wealthy Families Decided to Have One? | EP 2
What is a Family Office & Why Have 10,000 Ultra-Wealthy Families Decided to Have One? | EP 2Explains what a family office is and explores why wealthy families choose to have one.

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Questions about this list

Does this page rank the largest family offices?

The page focuses on profiles with disclosed AUM and orders them using disclosed AUM where available, with profile depth used otherwise. Reported figures can have different scopes, and the table order is not an ordinal claim about overall size, investment capacity or firm quality. Treat it as a way to review the available profile information.

Does disclosed AUM indicate a investment check?

No. Disclosed AUM does not establish how much capital is available for a particular opportunity or what size investment a firm may consider. It is one profile field to assess alongside investment focus and other information. Confirm mandate and check size directly where possible.

How should a founder or fund manager approach these offices?

Begin with the office’s stated focus and explain the specific connection to your company, fund or opportunity. Keep the first approach concise and relevant, and share supporting material in a measured way. Verify that the firm considers opportunities of your type and size rather than assuming that AUM or a focus label signals interest.

What does the list show about the profiles’ focus areas?

Private equity and real estate are the most frequently listed focuses in this set, followed by hedge funds and venture capital. These counts describe the 50 profiles included here. They do not show how much capital is allocated to any strategy or whether an office is accepting proposals.

What does the full list add?

The full list adds contact data, decision makers and check size fields to the public firm-level information shown here. This can help you screen profiles and prepare a more relevant approach. It does not promise introductions, funding or a particular response.

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