Every family office wants AI exposure. Most of them are buying Nvidia stock and calling it a strategy. 65% want in. 57% have zero VC or growth equity - where the actual companies are built. 79% skip infrastructure entirely. The narrative is everywhere. The positioning is nowhere. Everyone wants the upside. Almost no one is positioned for it. This is what chasing a narrative looks like in practice: -AI is the most discussed theme in every family office conversation -Public market multiples already price in the optimism -The real value creation happens before the IPO - in the rounds most family offices never see The families who will actually benefit from AI aren't the ones adding it to their investment thesis deck. They're the ones who built VC and growth equity relationships years ago -quietly, without the narrative. Capital follows stories. Returns follow structure.

Family Offices Pivot to RWAs: Navigating Geopolitical Storms and Inflation Uncertainty With $6T+ in global capital, family offices are ramping allocations into tokenized real assets for downside protection and yield stability amid Middle East tensions, energy volatility, and public market fragility. Thread👇🧵