For decades, New York’s Mafia acted like rival hedge funds, each guarding its own market share. Now, they’re more like a network of family offices pooling capital, technology, and muscle for shared gain. https://t.co/D3rnTGyUiF ...

Investment Trends - Family offices direct deals in startups decreased by 46% year-over-year in Q3 [1] - Only 169 investments by family offices were recorded in Q3 [2] - AI, biotech, and energy were the primary sectors of interest for family office deals [1] - Peter Thiel's family office made seven investments in the quarter, including a $100 million funding round for Decart, an Israeli AI firm valued at $3 billion [2] - Michael Dell's family office invested in Harbor Health, a clinic health insurance company based in Austin [3] - Jeff Bezos and Eric Schmidt invested alongside Nvidia in a $300 million seed round for Periodic Labs, which aims to create AI scientists [4] Market Dynamics - The AI investment space is becoming crowded, making it challenging for family offices to find suitable investment opportunities [5] - Increased competition in AI fundraising and private capital is limiting the availability of large-scale private companies for investment [5] - High valuations and difficulty in accessing deals are emerging as challenges for family offices in the current environment [6]

Right now for a read on where some of America's wealthiest individuals are putting their money, we are joined by Robert Frank. Robert, good morning. Good to good to see all of you.Uh for family offices, deals in the third quarter were all about AI, biotech, and energy. Direct deals by family offices and startups fell 46% in the third quarter. That compares to a year ago.That's according to exclusive data from FINRIX. Now, there were only 169 investments recorded by family offices in the quarter. The tech bi ...