Single-family offices targeted AI infrastructure, climate technology, industrial distribution and strategic restructuring opportunities this week, backing businesses tied to power acceleration, wastewater optimization, manufacturing and media expansion.
May 21 — Sherritt International announced a non-binding term sheet with Gillon Capital, the single-family office of Ray Washburne, that could result in Gillon acquiring a controlling stake in the company. The move comes as Sherritt navigates ongoing operational and legal uncertainty surrounding its Cuban joint ventures and broader U.S. sanctions activity. (Sherritt)
May 20 — Lupa Systems, the investment vehicle of James Murdoch, agreed to acquire roughly half of Vox Media in a deal reportedly valued at about $300 million. The transaction expands the Murdoch family-backed investment platform’s media holdings and includes assets such as New York Magazine and Vox’s podcast business. (The Guardian)
May 14 — GridCARE raised a $64 million Series A round to expand its AI-driven power acceleration platform designed to help utilities and data centers address growing energy demands tied to artificial intelligence. Investors included Emerson Collective, the social impact and investment organization founded by Laurene Powell Jobs. (Business Wire)
May 14 — CREW raised $25 million to scale its wastewater treatment optimization technology, which is designed to reduce emissions and improve energy efficiency across treatment facilities. Investors included Builders Vision, the family office of Lukas Walton. (CREW Carbon)
May 13 — 3P Processing named Ben Murrell chief executive officer as the industrial services company looks to continue expanding its operational and processing capabilities. The company said Murrell brings experience scaling manufacturing and industrial-focused businesses. 3P is owned by Littlejohn Capital, the single-family office of Angus C. Littlejohn Jr. (PR Newswire)