Data sourced from Dakota Marketplace, the global LP and GP intelligence platform trusted by thousands of investment professionals. Learn More | Book a Demo
Family office direct investment activity accelerated in June, with Dakota Marketplace tracking 73 direct investments worldwide, up from 53 in May and 51 in April. The top three sectors (Information Technology, Health Care, and Industrials) accounted for 1,084 of the 1,779 verified transactions recorded in Dakota Marketplace last month, representing 61% of all tracked deal activity. The sector breakdown below draws from the same dataset that powers Dakota's Global Family Office 2025 Report.
The sectors below are ranked by direct investment activity in June 2026, not survey-reported preferences. This reflects where family capital actually moved last month across venture, growth equity, buyouts, private credit, and co-investments.
For fund managers raising capital, this is the signal that matters: family offices pattern-match on sectors where they already have direct conviction, and last month's deployment is the clearest forward indicator of where commitments will follow.
In this article, we break down the top 10 sectors by deal count, with specific transactions from each to show where family office conviction is concentrating right now.
Top 10 Sectors by Family Office Direct Investment Activity
1. Information Technology
477 transactions | $126.8B total value
Information Technology led all sectors in June by a wide margin, accounting for 27% of tracked deal activity. The month's defining transaction was Bezos Expeditions' participation in Prometheus' $12B Series B round, which valued the AI startup at approximately $41B and accounted for roughly 60% of June's total tracked deal value on its own. Bezos Expeditions also joined a $400M round for Generalist, a robotics startup building foundation models for complex physical tasks, and Hillspire co-led a $320M round for General Intuition, a spatial-AI startup training models on video game footage. ICONIQ participated in a $750M round for spend management firm Ramp and a $400M round for IT automation platform NinjaOne.
According to J.P. Morgan Private Bank's 2026 Global Family Office Report, 65% of family offices surveyed said they were either currently focused on or planned to prioritize AI as an investment theme. June's deal activity reflected exactly that. For fund managers, thematic specialization continues to raise more efficiently than generalist pitches: managers focused on specific sub-themes like AI infrastructure, enterprise software, or cybersecurity should expect co-investment requests alongside primary commitments.
2. Health Care
241 transactions | $66.8B total value
Health Care climbed to second place in June by deal count, up from third in May, with 17 of those deals tracked directly in the month's Deal Tracker. The J.P. Morgan report found that healthcare innovation ranked second among investment themes for family offices at 50%, and June's activity validated that priority.
Invus was the most active family office in the sector, backing five healthcare deals in June: Flare Therapeutics, Lycia Therapeutics, Osanni Bio, City Therapeutics, and Contraline. Dara Holdings, the investment firm of Lubna Olayan, participated in a $550M round for French health insurer Alan. Darco Capital joined a $435M round for anti-aging biotech NewLimit. Family offices pursue health care for both financial and mission alignment, which creates longer hold horizons. Managers with therapeutic area specialization or platform biotech strategies tend to resonate most
3. Industrials
366 transactions | $43.8B total value
Industrials held its position as the third most active sector in June, with activity spanning manufacturing, logistics and supply chain, automation and robotics, and electrical equipment. AI-driven infrastructure demand and the domestic reshoring thesis continued to underpin deal flow.
The J.P. Morgan report identified infrastructure as the third-highest investment theme priority for family offices, and Industrials remains the primary sector where that thesis gets expressed in direct investments. Managers raising industrials-focused capital should position around electrification, automation, and supply chain resilience, all of which map to documented family office investment priorities.
4. Real Estate
150 transactions | $18.3B total value
Real Estate ranked fourth in June by deal count. Family offices strongly prefer direct exposure over fund vehicles in this sector, and the data reflects that preference: Real Estate has held the fourth position by transaction count in consecutive months. Activity concentrates in industrial and logistics, residential multifamily, data centers, and specialty property types.
Managers raising real estate capital should come prepared to discuss co-investment opportunities as part of the pitch. Many family offices want to see a direct deal pipeline alongside any fund commitment, not instead of it.
5. Consumer Discretionary
146 transactions | $13.1B total value
Consumer Discretionary ranked fifth in June, consistent with May. BOLT Ventures participated in a round involving the Premier Lacrosse League, continuing the sports investment theme that drove meaningful deal activity in May as well. Families with operating business backgrounds in consumer goods disproportionately deploy here, pattern-matching against the playbooks that built their original wealth. Consumer funds with operating partner benches, brand-building expertise, or specific channel specialization tend to raise most efficiently from family capital.
Dakota Marketplace tracks direct investment activity from family offices across every sector in this list, with deal-level detail on stage, round size, co-investors, and portfolio companies. If you're raising capital and want to know which family offices are already investing in your sector, see it here.
6. Financials
134 transactions | $13.3B total value
Financials ranked sixth by deal count in June, with activity spanning specialty finance, insurance, asset management, fintech infrastructure, and bank holding companies. ICONIQ's participation in the $750M Ramp round was the headline deal in this sector, reflecting the continued family office appetite for fintech infrastructure plays at scale. The pullback of traditional bank lending continues to create opportunity in specialty credit platforms. Private credit strategies with specialty angles (asset-based lending, middle-market direct lending, and litigation finance) are actively gathering family office commitments.
7. Communication Services
69 transactions | $3.0B total value
Communication Services held seventh place by count in June, consistent with May. Activity spans media and entertainment, digital advertising, telecom infrastructure, streaming, and creator economy businesses. Capital in this sector often follows specific thematic conviction rather than sector-wide mandates. Specialization wins commitments here.
8. Consumer Staples
62 transactions | $6.8B total value
Consumer Staples held eighth place in June. Activity concentrates in food and beverage platforms, household and personal care brands, and agriculture.
The sector attracts family capital because of its cycle resilience and the prevalence of family-controlled companies available for minority stakes or generational transition deals. Managers raising capital for staples-focused strategies should emphasize pricing power through inflation cycles and multi-generational alignment with founder-led businesses.
9. Materials
59 transactions | $22.0B total value
Materials ranked ninth by count in June but carries significant dollar weight, reflecting larger-scale transactions in specialty chemicals, metals and mining, and building products. Family office interest ties closely to electrification and energy transition supply chains (battery materials, rare earths, and copper) and industrial input demand from reshored manufacturing. Ford Estates and Capricorn Investment Group co-invested in a $465M growth equity round for Helion Energy, a fusion energy company, illustrating the convergence of materials and energy transition themes drawing family capital. Fund managers should position around energy transition supply chains and input security for domestic manufacturing.
10. Utilities
40 transactions | $11.5B total value
Utilities rounds out the top 10 in June, edging out Energy by transaction count. Activity concentrates in renewable power generation, grid infrastructure, water utilities, and energy storage. Family offices deploy in Utilities for yield, inflation hedging, and long-duration asset exposure. Infrastructure funds with renewable generation, grid modernization, or water positioning raise efficiently from family offices building out alternatives allocations.
From Sector Trends to Targeted Outreach With Dakota Marketplace
Sector-level patterns like the ones above only drive fundraising outcomes when you can act on them at the family-by-family level. Dakota Marketplace is built for that workflow, tracking direct investment activity across every sector covered in this post with deal-level visibility into stage, round, co-investors, and underlying portfolio companies. Every record reflects an actual deal that closed, not a response to a questionnaire about investment intentions.
What family offices do with their capital is more reliable than what they say about their capital. Dakota tracks the former.
Two patterns from the data consistently shape how fund managers work the database:
-
Direct investment history is the best predictor of future fund commitment. A family office with 15 direct deals in industrial technology is a priority prospect for an industrial growth equity fund, even without prior fund commitments on record. Dakota's transaction data surfaces these families before competitors identify them.
-
Thematic specialization wins over broad sector coverage. Family offices cluster direct investment in specific sub-themes: AI infrastructure within tech, biotech platforms within health care, electrification within materials. Sub-sector and co-investor filters match your fund's mandate to families with documented conviction in the same theme.
Filter by sector and sub-sector investment history, stage (venture, growth, buyout, credit) and deal size, geographic concentration, or co-investor overlap to build a targeted prospect list.
The family offices investing directly in your sector today are the fund commitments you should be sourcing for next quarter. Book a demo of Dakota Marketplace and start finding them.
