McDermott Investment Advisors

The family wealth derives from J. Ray McDermott, who founded a marine construction and offshore oilfield services company in the 1920s. That business became McDermott International, a publicly traded, global engineering and construction firm serving the energy sector for most of the 20th century. The family office was established to manage the proceeds generated across generations of ownership in the business.

No. McDermott Investment Advisors operates as a single-family office, managing capital exclusively for the McDermott family. It does not solicit or accept external limited partners, and its investment activity is funded entirely by the family's own balance sheet.

Given the McDermott family's operating history in offshore engineering and construction, the firm is expected to show a natural affinity for energy, infrastructure, and industrial technology investments. It likely evaluates opportunities in energy transition, traditional energy services, and heavy-industry equipment where the family's technical diligence capabilities provide an advantage over generalist allocators.

McDermott Investment Advisors is a separate entity from McDermott International, the operating company that underwent financial restructuring and emerged from Chapter 11 in 2020. The family office was established to hold and manage the family's diversified assets independently of the public company's balance sheet and subsequent corporate events.

The firm likely engages in direct co-investments alongside private equity managers, a common practice among industrial family offices seeking to amplify their operational expertise. Given the family's engineering background, co-investment opportunities in hard-asset and energy-infrastructure transactions are the most plausible area of direct participation, though the office does not publicly disclose its co-investment activity.