DFO Management

DFO Management, also known as Dell Family Office, is the private investment firm that manages the capital of Michael Dell and his family. Established to oversee long-term, multi-asset investing, the firm operates across private equity, venture capital, credit, real estate, and public markets. It focuses on high-quality businesses, diversified alternative investments, and strategic opportunities that align with long-term wealth preservation and growth. The firm invests directly in companies as well as through funds, and has built a substantial track record across technology, healthcare, financial services, consumer products, and infrastructure. Its investment activity includes both early-stage and late-stage opportunities, along with large private equity transactions. Notable investments span companies such as Harbor Health, Texas Stock Exchange, DeFli Networks, Qualtrics, Way, Moderna, Opto Investments, Oura, Fanatics, and Airtable. DFO Management also benefits from the legacy and structure of MSD Capital, historically known for its disciplined, research-driven investment approach. The firm’s portfolio includes more than 50 investments and a significant number of exits, reflecting a long-standing commitment to partnering with category-leading companies and high-growth innovators.