Family Offices Defy ‘Sell America’ Trade With US Deal Spree (1)

Family offices are striking US deals on everything from crypto firms to granola, splashing out on a range of assets even as some investors shy away over geopolitical and economic concerns.

Private wealth firms of Indian billionaires Azim Premji and Uday Kotak acquired a stake in a Silicon Valley networking startup and a Chicago area snack brand respectively earlier this month. YZi Labs, which manages money for Binance’s China-born co-founder Changpeng Zhao, said last week it had invested in crypto custody firm BitGo Holdings Inc.’s initial public offering in the US. And the family office for Germany’s Struengmann ...