A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. For investment firms of the ultra-wealthy, deal-making is heating up. In June, family offices made 60 direct investments in companies, ending three straight months of declining deal activity, according to data provided exclusively to CNBC by Fintrx. June’s tally is an improvement over the 47 deals recorded in May , though it marks a 40% drop on a year-over-year basis, per the private wealth platform. June saw a few buzzy deals in entertainment. The investment firm for Nintendo’s founding family bought a minority stake in indie film studio K2 Pictures for an undisclosed amount. Yamauchi No. 10 Family Office is also investing in the startup’s film production fund, a Hollywood-esque financing strategy that is rare in Japan. Stateside, Blackstone billionaire David Blitzer joined a $20 million fundraise for Ballers, a members club for sports including padel and virtual golf. A slew of professional athletes, including tennis Hall of Famer Andre Agassi, also participated in the round. But biotech and health care proved to be more popular themes, accounting for nine deals by heavy-hitter family offices. Narcan ingredient maker Antheia raised a $56 million Series C with investors including family offices Athos KG and S-Cubed Capital. Athos KG’s principals, billionaire twins Andreas and Thomas Strüngmann, made their fortune with generic drugmaker Hexal and invested in Covid vaccine maker BioNTech . S-Cubed Capital is helmed by billionaire and former Sequoia partner Mark St …
