Family Offices March Dealmaking Slows as Iran Conflict Rattles Markets

Family offices March dealmaking slowed as ultra-wealthy investors pulled back on direct transactions during a month marked by market volatility linked to the Iran conflict, according to Fintrx data.

Family offices made 39 direct investments in companies during March, down 25% from February after adjusting for the difference in month length.

Even so, deal sizes increased, with a quarter of those transactions qualifying as mega-rounds of more than USD100m.

Bezos Expeditions co-led a USD1.03bn seed round for Advanced Machine Intelligence, while Premji Invest led a USD450m Series A for Rhoda AI.

The pattern in family offices March dealmaking mirrors a broader shift towards fewer but larger corporate transactions amid uncertainty.