Family offices boost startup investments in October, backing women's health and caregivers
Source: CNBC ·
Laurene Powell Jobs' Emerson Collective was the most active family-office investor with three startup bets.
From the source
A version of this article appeared in CNBC's Inside Wealth newsletter, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. After a slow September, investment firms of ultra-wealthy families stepped up their deal-making last month. In October, family offices made 56 direct investments in companies, up about 30% from the month prior, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. Laurene Powell Jobs' Emerson Collective was the most prolific investor of the month, backing three healthcare startups according to Fintrx data. Her investment and philanthropy firm seeks to address health equity and other complex challenges like the energy transition. Last month, Emerson Collective joined a $555 million Series G for Devoted Health, a healthcare provider and insurer of Medicare Advantage plans, alongside information technology billionaire Azim Premji's namesake family office.…
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