# 1911 Trust (Ayer Family Office)

1911 Trust (Ayer Family Office) is a Multi Family Office based in Beverly, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Beverly, United States
- **Region:** North America
- **Address:** 400 Essex Street, Beverly, MA 01915, United States
- **Founded:** 1911
- **Assets under management:** 2132 (Altss estimate)
- **Website:** 1911trust.com
- **LinkedIn:** https://www.linkedin.com/company/the-1911-trust-company-llc

## Regulatory record

- **Reports private funds:** No

## About

The firm traces to 1911 when it was established to manage wealth generated by Frederick Ayer through patent medicines and textile consolidation. David Ayer serves as Chairman. Successive generations have retained the entity as a dedicated steward of multi-generational holdings. Deployment spans direct co-investments, fund commitments and SPVs. Confirmed exposures include timberland holdings and public equity positions in Keweenaw Land Association. The firm also maintains allocations to private credit and infrastructure. Geographic reach centers on North America with confirmed exposure to Europe. Assets under management total $2.1 billion. The team operates from a single headquarters in Beverly, Massachusetts. Adjacent vehicles include sponsorship of the Calvin Coolidge Presidential Foundation and participation in the Massachusetts Society of CPAs. No material operational events have been recorded in the last 24 months. The architecture remains anchored to the original Ayer family trust structure. This creates a direct line between ownership, governance and investment decisions that is uncommon among multi-family offices formed later in the twentieth century.

## Sectors

- Real Estate
- Natural Resources
- Private Equity
- Private Credit
- Hedge Funds

## People

- David Ayer — Chairman of the Board
- Kevin L. Kavanaugh — President and CEO
- James G. Angelakis — Chief Financial Officer
- Maureen Bouchard — Senior Trust Officer

## Questions

### Who runs investment decisions at 1911 Trust?

Kevin L. Kavanaugh serves as President and CEO. David Ayer chairs the board. James G. Angelakis acts as CFO.

### How does 1911 Trust source proprietary deal flow?

The firm relies on long-standing relationships within New England business and legal networks. It also draws on board connections such as those held by James G. Angelakis at Keweenaw Land Association.

### Does 1911 Trust participate in fund commitments or only direct deals?

Both. The firm executes fund-of-funds commitments alongside direct co-investments and SPVs.

### What investment stages does 1911 Trust typically target?

The firm covers seed through growth equity, buyouts and bridge financing. It avoids public equities as a primary allocation.

### Does 1911 Trust maintain philanthropic structures?

Yes. The firm supports the Calvin Coolidge Presidential Foundation and The Trustees of Reservations through sponsorship and donations.

### What is 1911 Trust's known posture on co-investments alongside external GPs?

The firm maintains a confirmed direct co-investment program and participates in club-style opportunities through its network.

## Related profiles

- [Verlinvest](https://altss.com/profile/verlinvest)
- [Federation Employees' Retirement Income Plan](https://altss.com/profile/federation-employees-retirement-income-plan)

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Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/1911-trust-ayer-family-office

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