Family offices flexed their influence across markets this week — fueling crypto innovation, leading billion-dollar recapitalizations and expanding in industrial and sports-media arenas.
Oct. 13 — China Renaissance is raising $600 million to create a U.S.-listed vehicle dedicated to acquiring and holding BNB, Binance’s native token. YZi Labs, the single-family office of Binance Co-founder Changpeng Zhao, is expected to invest $200 million alongside the bank, signaling institutional-scale family-office participation in crypto-asset accumulation. (Bloomberg)
Oct. 17 — Maelstrom, the family office of Arthur Hayes, is seeking $250 million for its first private-equity vehicle focused on mid-market crypto-infrastructure, data and analytics firms. The fund aims to consolidate strategic positions across the blockchain services ecosystem. (PE Insights)
Oct. 14 — Mousse Partners, the family office of the Chanel-Wertheimer family, led a recapitalization valuing Rockefeller Capital Management at more than $6.6 billion. The transaction brought in Progeny 3 and Abrams Capital as new minority investors, joining existing backers Viking Global, the Rockefeller and Desmarais families. (Rockefeller Capital Management)
Oct. 15 — Callan Family Office LLC disclosed a $432,000 investment in Liberty Media Corporation — Liberty Formula One Series A, acquiring 4,546 shares during the quarter. The Formula One Group consists of Liberty’s wholly owned subsidiaries Formula 1, MotoGP, Quint and other minority investments. The move expands Callan’s exposure to global sports and media assets, reflecting growing family-office interest in experiential and entertainment sectors. (MarketBeat)
Oct. 15 — Carroll Capital, a family investment office, partnered with the founding family of Charlie’s Plumbing to acquire the Houston-based commercial and industrial plumbing firm. The founding family remains shareholders as Carroll launches a regional platform aimed at expanding across Texas and the Gulf Coast. (PR Newswire)