BNF Capital, the London-based family office managing the $7.3bn fortune of France’s Perrodo oil dynasty, is expanding into the U.S. real estate market with plans to invest in residential property in Brooklyn and Austin, according to Bloomberg.
The firm said the U.S. presents “big opportunities” to build on its UK portfolio, which is primarily focused on office developments in London. A team from BNF has been dispatched to assess housing demand in what it described as “two of America’s fastest-growing markets.”
Founded over a decade ago by siblings François, Nathalie, and Bertrand Perrodo, BNF Capital oversees investments spanning real estate, private equity, and venture capital. The family’s wealth stems from energy producer Perenco, which operates globally and remains controlled through a Bahamas-based holding company.
Recent investments reflect the group’s shift toward diversification beyond oil, with stakes in luxury automotive trading, hospitality ventures such as the Public House Group, and food brands.
In property, BNF has partnered with Morgan Real Estate to develop several London projects, including 20 Kirby Street, 19 Charterhouse Street, and 12 Berkeley Street. It is also refurbishing a historic building in Panama City and recently agreed to purchase a building in New York’s Meatpacking District for $21m.
The Perrodo family also invests through related entities, including private equity firm Perwyn Advisors and Luxembourg-based Kronos, which has emerged as a leading residential and retail developer in southern Europe, managing over €18bn in assets.
BNF’s move into the U.S. marks the latest step in the family’s broader strategy to expand its private equity and property footprint internationally.
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