Positioning Family Capital for the Next Energy Cycle
In October 2025, PRAGMA hosted its annual Family Office Roundtable, convening leading investors and operators to discuss how long-term capital is adapting to today’s evolving energy and macro landscape. The conversation focused on the intersection of resilience, direct investment, and strategic flexibility in a period of elevated rates and structural inflation.
The Roundtable revealed how family offices are moving toward direct and collaborative ownership models, building stronger risk frameworks, and prioritizing liquidity and transparency to sustain performance across cycles.
Key themes include:
- Stabilizing markets and structural inflation shaping the 2025–2026 outlook
- The continued rise of direct ownership and collaborative investment models
- Institutionalizing risk frameworks for long-term resilience
- Eight strategic priorities for navigating the next energy cycle
Family offices are uniquely positioned to deploy flexible, patient capital into quality energy assets while traditional capital remains cautious.

