The post Family offices still bet on AI and health care even as deals slow down appeared on BitcoinEthereumNews.com.

Jeff Bezos, founder and executive chairman of Amazon and owner of the Washington Post, takes the stage during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Deal-making may have rebounded on Wall Street, but investment firms of the ultra-wealthy are still moving cautiously. Family offices made 54 direct investments in September, down 46% on an annual basis, according to data provided exclusively to CNBC by private wealth platform Fintrx. Despite the broader slowdown, billionaire family offices are still investing in mega-rounds for high-flying startups. Last month, the firms of Amazon founder Jeff Bezos and former Google CEO Eric Schmidt joined a $300 million seed round for Periodic Labs. Founded by former OpenAI and DeepMind researchers, Periodic Labs seeks to automate scientific research with artificial intelligence-powered robots running lab experiments. Health-care and biotech startups also still garner interest from high-profile investors. Primary-care clinic group Harbor Health raised $130 million from Michael Dell’s DFO Management, Breyer Capital and Martin Ventures. The startup’s chief medical officer, Dr. Clay Johnston, was previously the dean of Dell’s namesake medical school at the University of Texas at Austin. Much of the funds will be used to expand Harbor’s insurance offerings and open more clinics. The private equity slowdown has also left room for family offices to make opportunistic bets. In September, Birmingham, Michigan-based Mitchell Family Office acquired luxury beauty retailer Cos Bar for an undisclosed amount. Principal Mark Mitchell told CNBC that his offer was accepted within a month. Cos Bar had been held by a…

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Filed under: News - @ October 9, 2025 12:25 pm