Family Offices Hold 57 July Deals, Keeping 15% in Clean Energy as AI Power Demand Rises
Updated
Updated · CNBC · Aug 6
Family Offices Hold 57 July Deals, Keeping 15% in Clean Energy as AI Power Demand Rises
2 articles · Updated · CNBC · Aug 6
Summary
57 direct investments by family offices in July matched June's pace, showing ultrawealthy investors kept deploying capital through a market correction and higher energy prices.
More than 15% of those deals went to clean energy and sustainability startups as AI's electricity needs and the Iran war's fuel shock revived interest in green power.
Antora Energy raised $550 million in a Series C backed by John Doerr, while Hephae Energy Technology closed a $17.8 million Series A with support from John Arnold.
Blue Origin's $10 billion fundraise, including $2 billion from Bezos Expeditions, was July's biggest family-office deal, while AI startups still accounted for most dealmaking.
The rebound extends beyond private markets: U.S. sustainability funds drew $3 billion in second-quarter inflows, ending 14 straight quarters of net outflows.