OfficeLondon
27 Savile Row
BNF Capital (Perrodo Family Office)
$135M
Q3 2026
Family Office Investment Activity
Company investments and real estate transactions tracked by FINTRX across family offices globally in Q3 2026.
178Family offices making investments
342Company transactions
$68.3BDisclosed round capital
23Real estate transactions
Q3 2026 at a Glance
The third quarter of 2026 reflected a family office investment landscape defined by two parallel dynamics: concentrated, large-scale participation in artificial intelligence and frontier technology rounds, and steady acquisition activity in financial services as family offices and affiliated platforms continued to consolidate the wealth management channel.
$34.5Mmedian disclosed round size
$260.7Maverage disclosed round size
319companies received family office investment
$10Blargest round, Blue Origin
Company transactions by month
113
119
110
JulyAugustSeptember
Deal volume was consistent across the quarter, with 113 transactions in July, 119 in August, and 110 in September. Of the 342 company transactions, 262 carried a disclosed round size, together totaling $68.3B. The gap between the $34.5M median and the $260.7M average shows how a small number of very large rounds shaped the quarter’s capital totals, while the typical deal remained mid-sized.
$34.5MMedian
$260.7MAverage
Median vs. Average Disclosed Round Size
The average disclosed round size of $260.7M versus a median of $34.5M reflects the dataset’s significant right skew: a handful of very large rounds, Blue Origin ($10B), Vodafone ($5.9B), Databricks ($5B), and Mistral AI ($3.5B), pulled the average sharply above where most transactions landed. For capital raisers, the median is the more useful benchmark: half of all disclosed rounds closed at $34.5M or less.
Where Capital Flowed
Technology and AI led by a wide margin. Pure technology accounted for 69 transactions, and technology-enabled categories across financial services, industrials, energy, and public services added another 71. Financial services was the second largest standalone category at 43 transactions, driven largely by RIA acquisitions.
Select a sector to see its notable rounds.
20% of company transactions
Technology (pure)
69transactions
The largest single sector by deal count. Covered AI software, infrastructure, SaaS, and consumer technology. Notable rounds include Databricks ($5B), Cognition ($2B Series E), Switch Inc. ($2B), and Harvey ($550M Series H).
13% of company transactions
Financial Services
43transactions
Driven by RIA acquisitions (Wealth Enhancement Advisory Services, Corient, MAI Capital, Cerity Partners, Waverly Advisors) alongside fintech venture rounds in financial technology, investment management software, and cryptocurrency infrastructure.
8% of company transactions
Healthcare and Life Science
27transactions
Biotech dominated, with significant rounds in precision medicine, oncology, and health AI. Key transactions include Encoded Therapeutics ($275M Series F), Precision Neuroscience ($250M Series D), Enveda ($311M Series E), and Neko Health ($700M Series C).
7% of company transactions
Industrials and Manufacturing / Technology
25transactions
Defense technology, advanced manufacturing, and AI-enabled hardware. Hadrian Automation ($1.37B Series D), Castelion ($800M Series C), Atoms ($1.7B), and Quantum Systems ($1.2B Series D) were the standout rounds.
6% of company transactions
Financial Services / Technology
21transactions
Fintech, crypto infrastructure, and financial software. Includes Kaiko ($110M Series B), Rillet ($100M Series C), and Temporal ($550M Series E).
4% of company transactions
Energy, Materials and Agriculture / Technology
15transactions
Cleantech and energy infrastructure. Base Power ($1B Series D), Form Energy ($750M Series G), Antora Energy ($550M Series C), and Emerald AI ($150M Series A) were the largest rounds.
3% of company transactions
Public Services and Nonprofit / Technology
10transactions
AI defense and security. Helsing ($1.8B Series E), Cathedral ($160M), Neo Security ($100M Series A), and Norm AI ($120M Series C).
Healthcare and life sciences (27 transactions) drew some of the quarter’s largest late-stage biotech rounds, including Neko Health ($700M) and Enveda ($311M). Defense and advanced manufacturing produced several billion-dollar raises, led by Helsing ($1.8B), Hadrian Automation ($1.37B), and Quantum Systems ($1.2B), while energy rounds grew in size with Base Power ($1B) and Form Energy ($750M).
Source: FINTRX, Q3 2026Deal Activity by Stage
Family office participation spanned the full capital stack. Series A was the most active stage with 64 transactions (19%), followed by acquisitions (49) and seed rounds (43). Pre-seed through Series A together accounted for 122 transactions, more than a third of the quarter’s total, while the largest dollar amounts were concentrated in Series D and later.
Ordered from earliest stage to latest. Select a stage for detail.
Pre-SeedSeedSer. ASer. BSer. CSer. D+Ser. E–HVenturePEAcq.Post-IPO
Pre-Seed15 transactions · 4%
Earliest-stage activity, mostly sub-$5M. YZi Labs again most active, alongside Artha India Ventures and several European family offices.
Seed43 transactions · 13%
Early-stage bets across AI, biotech, fintech, and consumer. Mostly sub-$15M rounds. YZi Labs (CZ Family Office) was the most active seed-stage investor with multiple crypto and blockchain seed deals.
Series A64 transactions · 19%
The most active stage by deal count. Spanned AI software, healthcare, energy, fintech, and consumer. Median round size in the $30–50M range. Notable: Volantis ($88M), ai3Bio ($48M), Cockrell Interests; Mazama Energy ($135M), Centaurus Capital.
Series B36 transactions · 11%
Growth-stage deployment across defense, manufacturing, healthcare, and fintech. Hadrian Automation (follow-on, $1.37B), Castelion (follow-on, $800M), Moove ($250M), and CodeRabbit ($143M) were notable.
Series C28 transactions · 8%
Scaling-stage rounds. Etched ($300M, $700M follow-on), Epicrispr ($90M), Rillet ($100M), and Whatnot ($545M) among the largest.
Series D and beyond19 transactions · 6%
The quarter’s largest disclosed rounds were concentrated here. Base Power ($1B Series D), Quantum Systems ($1.2B Series D), Hadrian Automation ($1.37B Series D), Mistral AI ($3.5B Series D).
Series E–H13 transactions · 4%
Late-stage growth rounds. Helsing ($1.8B Series E), Cognition ($2B Series E), Encoded Therapeutics ($275M Series F), Harvey ($550M Series H).
Venture (undesignated round)39 transactions · 11%
A mix of stage-unspecified rounds and direct investments. Includes several of the quarter’s largest disclosed transactions: Databricks ($5B), Atoms ($1.7B), Lumilens ($700M).
Private Equity19 transactions · 6%
Buyouts, minority stakes, and growth equity across professional services, real estate, food and beverage, sports, and energy. Includes the Viessmann Family Office stake in FC Bayern München and Thiel Capital’s Vista Energy position.
Acquisition49 transactions · 14%
The second most active category. Dominated by RIA and wealth management consolidation: Wealth Enhancement Advisory Services (11 transactions), Corient (4), MAI Capital Management, Cerity Partners, Waverly Advisors, and others. Also included strategic acquisitions across insurance, professional services, food and beverage, and logistics.
Post-IPO / Post-IPO Equity10 transactions · 3%
Public market positioning and follow-on stakes. Vodafone ($5.9B, Xavier Niel), Invus Group / Tyra Biosciences ($400M), Invus Group / Agenus ($340M).
Most Active Family Office Investors
a16z Perennial was the most active family office investor by a wide margin, with 56 transactions, more than five times the next most active firm. Wealth Enhancement Advisory Services followed with 11, all RIA acquisitions, and YZi Labs completed 10 deals concentrated in crypto and early-stage fintech.
Beyond the top three, a group of well-known single family offices, including ICONIQ Capital, Bezos Expeditions, Thiel Capital, and Foris Ventures, each completed between four and eight transactions, with activity spread across AI, defense, energy, and healthcare.
Each dot is one Q3 2026 transaction. Select an investor to see their deals.
a16z Perennial 56
By far the most active family office investor of the quarter. Active across AI software, defense, energy, healthcare, fintech, and consumer. Largest rounds participated in: Databricks ($5B), Mistral AI ($3.5B follow-on), The Boring Company ($3B Series D), Cognition ($2B Series E), Switch Inc. ($2B), Atoms ($1.7B), Hadrian Automation ($1.37B Series D follow-on), Castelion ($800M Series C follow-on), Harvey ($550M Series H).
Wealth Enhancement Advisory Services 11
All RIA acquisitions. RWA Wealth Partners, Arbor Capital Management, Servo Wealth Management, Weinand Financial, Miramar Capital, Cloud Investments, Trippon Wealth Management, Madison Oaks Wealth Partners, WealthShield Partners, Kaminsky-Silverman Group, Dickerson Jackson and Associates.
YZi Labs (CZ Family Office) 10
Concentrated in cryptocurrency, blockchain, and early-stage fintech. Primarily seed and pre-seed stage. Active across Hong Kong, Singapore, Colombia, Germany, and the US.
ICONIQ Capital Family Office 8
Helsing ($1.8B Series E), Enveda ($311M Series E), Whatnot ($545M Series G), K2 Space ($500M Series D), Rillet ($100M Series C follow-on), Prime Intellect ($130M Series A), Medici Brands ($250M Series B), Paper ($34M Series A).
Bezos Expeditions (Jeff Bezos) 5
Blue Origin ($10B total round), CuspAI ($450M Series B follow-on), Generalist AI ($200M Series B), LifeMine Therapeutics ($188M Series E), Oratomic ($300M Series A).
Thiel Capital (Peter Thiel) 5
Etched ($300M Series C, $700M Series D follow-on), Neros Technologies ($250M Series C), Network Bio ($50M Venture), Vista Energy (Private Equity).
Foris Ventures (John Doerr) 5
Antora Energy ($550M Series C), Emerald AI ($150M Series A follow-on), Volantis ($88M Series A), Voya Energy ($35M Series A), Hopscotch Primary Care ($53M Series D).
Susquehanna Private Capital 5
Kaiko ($110M Series B), Runnable ($21M Series A), Quintessent ($40M Series A), ApartmentIQ ($25M Series C), Hephae Energy Technology ($17.8M Series A).
Verlinvest Family Office 5
HomeExchange (undisclosed), Epigamia ($20M follow-on), Be Clinical ($2.2M Seed), COMET Retail ($10.6M Series B), Years (PE, UK).
Euclidean Capital (James Simons) 4
Savvy Wealth ($100M Series C follow-on), Circle Pharma ($92.5M Series D follow-on), Leal Therapeutics ($30M Series A), InduPro ($77M Series B follow-on).
Duquesne Family Office (Stanley Druckenmiller) 4
Precision Neuroscience ($250M Series D follow-on), Fab2 ($500M Series A), Epicrispr Biotechnologies ($90M Series C), Ratio Therapeutics ($70M Series C follow-on).
DFO Management (Michael Dell) 4
The Baldwin Group (acquisition), Volta Infra Holdings ($300M Venture), June AI ($20M Pre-Seed), Hilo ($19M Series B).
Family Offices in the Quarter’s Largest Rounds
319companies received family office investment in Q3 2026, across 342 transactions
161 family offices invested in 319 companies across 342 transactions during the third quarter of 2026, and participated in some of the largest private funding rounds raised anywhere in that period. Blue Origin, Databricks, Mistral AI, and The Boring Company each counted at least one family office among their investors.
The fifteen rounds below are the largest in the dataset with family office participation. a16z Perennial took part in 9 of the 15. Ten of the companies are based in the United States, with the remainder in the United Kingdom, France, Germany, and Sweden.
NoteEach figure is the total amount raised by the company in that round, from all investors combined. It is not the amount invested by the family office listed.
Company · total round size (all investors)Participating family office · stage · sector · country
Blue Origin$10.0B
Bezos ExpeditionsFunding · Aeronautics · United States
Vodafone$5.9B
NJJ Holding (Xavier Niel)Post-IPO · Telecom · United Kingdom
Databricks$5.0B
a16z PerennialVenture · AI and Software · United States
Mistral AI$3.5B
a16z Perennial + Hillspire (Eric Schmidt)Series D · AI · France
The Boring Company$3.0B
a16z PerennialSeries D · Infrastructure · United States
Cognition$2.0B
a16z PerennialSeries E · AI · United States
Switch Inc.$2.0B
a16z PerennialVenture · Data Infrastructure · United States
Helsing$1.8B
ICONIQ CapitalSeries E · AI Defense · Germany
Atoms$1.7B
a16z Perennial + Alpha SquareVenture · AI and Robotics · United States
Hadrian Automation$1.37B
a16z PerennialSeries D · Advanced Manufacturing · United States
Quantum Systems$1.2B
A.P. Møller HoldingSeries D · Aeronautics and Robotics · Germany
Base Power$1.0B
a16z PerennialSeries D · Energy · United States
Castelion$800M
a16z PerennialSeries C · Defense · United States
Form Energy$750M
Capricorn Investment GroupSeries G · Energy Storage · United States
Neko Health$700M
Ofer GlobalSeries C · Health AI · Sweden
Real Estate Investment Activity
Family offices completed 23 property transactions in the third quarter totaling $2.41B in disclosed value. A single deal, Pontegadea’s $912M purchase of Capital 8 in London, represented more than a third of that total. Activity was 78% US-based, with international deals in the United Kingdom and the Czech Republic.
Largest transaction
$912M
Capital 8, London
Pontegadea Investments (Amancio Ortega Family Office)
23property transactions
$2.41Bdisclosed transaction value
78%US-based; 22% international (UK, Czech Republic)
~43%multi-family by volume; office ~40%
Property transactions by month
10
5
8
JulyAugustSeptember
The quarter’s real estate activity was anchored by Pontegadea Investments’ $912M acquisition of Capital 8, a landmark office asset in London, continuing the Ortega family office’s established strategy of acquiring premier commercial real estate in global gateway cities. The quarter also saw active multi-family residential investment in the United States, with Pebb Capital, Broad Creek Capital, and Leon Capital Group among the most active buyers across residential and mixed-use assets. July was the busiest month with 10 transactions, followed by 8 in September and 5 in August.
Real Estate by Property Type
Multi-family and office together accounted for 19 of the quarter’s 23 property transactions. Office deals carried the largest disclosed values, led by Capital 8 ($912M) and 120 Park Avenue ($382M), while six of the ten multi-family deals were completed without a disclosed price.
23Property transactions
Property typeDealsShareDisclosed
OfficeNew York
120 Park Avenue
Ofer Global
$382M
OfficeUnited States
Sundy Village (mixed)
Pebb Capital (Rosenberg Family Office)
$223M
OfficeLondon
Capital 8
Pontegadea Investments (Amancio Ortega)
$912M
OfficeUnited States
Uno South Pointe
Pebb Capital (Rosenberg Family Office)
$70M
OfficeLondon
One Chester Street
Grosvenor Estate
$71.5M
OfficeWashington DC
Farragut Square Tower
Broad Creek Capital
$26M
OfficeUnited States
Old Parkland Campus
Crow Holdings
Undisclosed
OfficeAtlanta
One Midtown
Pebb Enterprises (Weiner Family Office)
Undisclosed
Multi-FamilyUnited States
The Louis Las Colinas
Baltisse NV (Filip Balcaen)
Undisclosed
Multi-FamilyUnited States
Broken Sound Residences
Pebb Enterprises (Weiner Family Office)
Undisclosed
Multi-FamilyUnited States
The Crossing at Palm Aire
Broad Creek Capital
$67M
Multi-FamilyLondon
219 Baker Street
Pontegadea Investments (Amancio Ortega)
Undisclosed
Multi-FamilyUnited States
101 and 201 Merritt 7
Wind River Holdings (Ball Family Office)
$75.5M
Multi-FamilyUnited States
1960 South Ocean Blvd.
Lawrence Investments (Larry Ellison)
$34.4M
Multi-FamilyUnited States
Hudson Landing
Fisher Brothers Management (Fisher Family Office)
Undisclosed
Multi-FamilyUnited States
The Flats on High Street
Leon Capital Group (Fernando De Leon)
$19M
Multi-FamilyWashington DC
1999 Eye Street NW
Bernstein Companies
Undisclosed
Multi-FamilyCzech Republic
Smíchovská Žehlička
BPD Partners
Undisclosed
IndustrialUnited States
458 Second Avenue
Nickolas Asset Management
$100M
IndustrialUnited States
57-18 Flushing Avenue
Chetrit Ventures
$80M
Healthcare / LabUnited States
College of Osteopathic Medicine
Drs Kiran and Pallavi Patel Family Office
$200M
Mixed-Use / RetailUnited States
Westland Plaza
Volta Global (Marko Dimitrijevic)
$17.35M
What This Means for Asset Managers and Capital Raisers
Family offices are deploying capital at scale across asset classes, geographies, and stages simultaneously. The Q3 2026 data reflects a channel that is both highly sophisticated and increasingly active, and one where intelligence on allocation preferences, co-investment patterns, and contact-level relationships is a durable competitive advantage.
01
AI and frontier technology are the dominant theme.
Family offices are not passive participants in this space. They are co-leading rounds, investing directly alongside institutional venture funds, and committing to large-scale follow-on positions in their highest-conviction holdings. Mistral AI, Databricks, Cognition, Hadrian, and Castelion each attracted multiple family office participants in the same round.
02
Healthcare and biotech are receiving serious late-stage capital.
Invus Group, Euclidean Capital, Bezos Expeditions, Emerson Collective, and Duquesne each made multiple healthcare investments in Q3. Precision medicine, oncology, and health AI attracted the largest disclosed rounds.
03
Energy and cleantech round sizes are growing.
Base Power ($1B), Form Energy ($750M), and Antora Energy ($550M) reflect increasing conviction around energy infrastructure and storage at the family office level. Capricorn Investment Group, Foris Ventures, and Emerson Collective are the most active energy investors in the dataset.
04
Real estate remains a direct investment priority.
For real estate managers and operators, family offices remain active direct buyers, particularly in office and multi-family assets in gateway markets. Pontegadea, Pebb Capital, Ofer Global, and Grosvenor are among the most active family office real estate investors globally.
05
Wealth management consolidation is accelerating.
RIA acquisitions accounted for 49 of 342 company transactions tracked in Q3, 14% of total deal volume. Family office-affiliated platforms including Wealth Enhancement Advisory Services, Corient, Cerity Partners, and MAI Capital Management were the most active buyers.
About FINTRX
FINTRX is the leading private wealth intelligence platform, purpose-built for firms that need to find, understand, and engage with the family office and registered investment advisor channel. FINTRX tracks thousands of family offices globally, covering direct investments, real estate transactions, venture activity, contact-level intelligence, allocation preferences, and relationship mapping across the private wealth ecosystem.
4,600+Family offices
30,000+Family office contacts
42,000+Family office investments
31,000+Companies & properties tracked
Methodology
This report covers family office investment activity tracked by FINTRX from July through September 2026 across two categories: company transactions (venture rounds, private equity, acquisitions, and follow-on investments) and real estate transactions (direct property acquisitions across asset classes).
Transaction counts include both disclosed and undisclosed deal sizes. All capital figures reflect the total size of the investment round, not the individual commitment of any single family office participant. In syndicated rounds where multiple family offices co-invested, each participant is counted as a separate transaction.
Geographic coverage is global. A family office or family office-affiliated investment firm may appear on both sides of certain transactions, particularly RIA acquisitions, where the firm functions as both a wealth manager and a direct investor.
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FINTRX tracks thousands of family offices globally, covering direct investments, real estate transactions, venture activity, contact-level intelligence, allocation preferences, and relationship mapping.
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Data compiled by FINTRX from publicly available sources and proprietary research. Provided for informational purposes only; not investment advice. Accuracy not guaranteed.