Family offices continued to deploy capital across frontier technologies, climate financing and global hospitality this month — backing billion-dollar AI raises, sustainability-focused industrial acquisitions and major software investments.
Nov. 21 — EQT Future, alongside two German family offices — Athos Family Office and Merckle Family Office, agreed to acquire a majority stake in DESOTEC, a European leader in circular mobile-filtration solutions. The deal represents a substantial family-office co-investment in sustainability-driven industrial infrastructure. (EQT Group)
Oct. 30 — Bending Spoons raised $710 million, with Cox Enterprises — the Cox family’s private investment arm — joining the round to accelerate global expansion of its mobile-software portfolio. (Business Wire)
Oct. 24 — Crusoe, an AI-infrastructure company, raised $1.375 billion, with Winklevoss Capital Management (Tyler & Cameron Winklevoss’s family office) participating to support GPU deployment and data-center scaling. (Crusoe)
Oct. 9 — Hillspire LLC, the family office of Eric Schmidt, participated in Reflection’s reported $2 billion Series B, one of the year’s largest AI funding rounds. (FinSMEs)