Family Offices AI Investment Surges, Yet Infrastructure Exposure Lags

Family offices AI investment is now centred on artificial intelligence, but exposure remains concentrated in big-cap listed stocks rather than infrastructure, a survey by JPMorgan Chase & Co.’s private bank found.

Of 333 single family offices across 30 countries, 65% cited AI as their top theme, ahead of healthcare innovation, infrastructure and cybersecurity.

Yet average allocations to venture capital and growth equity were just 3.3%, and more than half reported none.

The poll, conducted May–July 2025, also found 79% had no infrastructure investments despite AI’s heavy demand for data centres and power.

William Sinclair said families are seeking “AI-adjacent” picks-and-shovels opportunities, while boosting geopolitical hedges, favouring gold over crypto, where 89% reported zero exposure.