Billionaire French Oil Heirs Eye Brooklyn, Austin Property Deals

The Perrodo oil billionaires’ family office is exploring new residential property deals in the US, reflecting the firm’s growing status as a major real estate and private equity investor.

BNF Capital has sent a team to Brooklyn and Austin to study housing demand in “two of America’s fastest-growing markets,” according to a LinkedIn post this week. The US could provide “big opportunities” to build on its UK property portfolio, which is primarily focused on office buildings, the firm said.

Francois Perrodo in Le Mans, France, in June.

Photographer: James Moy Photography/Getty Images

The family office, based in London’s exclusive Mayfair neighborhood, has recently backed a growing array of private equity, venture capital ...