Family offices allocate more toward AI and private credit amid market uncertainty

North American family offices are shifting allocations toward artificial-intelligence strategies, private-credit and real-estate assets as market volatility and macro uncertainty rise. A recent report shows generative-AI usage has tripled among these entities since 2024, and nearly 29% of aggregate portfolios are now in private credit/real-estate (≈ US$62 billion). Early-stage startup investing is being scaled back as return expectations fall from 11% to 5%. The move underscores a broader pivot toward income-generating, technology-levered assets in search of stability and growth.