Goldman Sachs data reveals "family offices investing" aggressively in digital infrastructure REITs as global data consumption spikes. 5G-related assets posted quarterly returns of 6.2%, outpacing broader REIT indices. So even if many AI firms with billion-dollar valuations fall by the wayside, in Bezos' mind, the technological advancements will be well worth it, even if some investors are wiped out by the bubble bursting. "I think what this forward-looking picture tells us is that family offices realize the importance of staying invested, and they realize the importance of vintaging, especially with private equity," Naison-Tarajano said. June 2024 reports show "family offices investing" into private equity-backed IPOs has doubled compared with the prior quarter. Market liquidity and oversubscribed offerings signal robust entry valuations for long-horizon investors.