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Adirondack Asset Management
Adirondack Asset Management functions as a multi-family office headquartered in Lake Placid. Douglas L. Hoffman serves as partner. The firm was previously...
Overview
Adirondack Asset Management functions as a multi-family office headquartered in Lake Placid. Douglas L. Hoffman serves as partner. The firm was previously co-owned by Hoffman along with Greg Fetters and Ashleah Mayberry until the 2021 transaction. Investment activity spans private equity, real estate, distressed situations and secondaries. Stages range from buyout to late stage. Geographic exposure stays within North America. Sector focus includes healthcare services alongside commercial real estate and energy assets. Team size and AUM figures are not publicly stated. Philanthropic vehicles linked to the firm include the HobbleJog Foundation. Long Run Wealth Advisors completed the acquisition of Adirondack Asset Management in 2021.
General information
Firm type
Multi Family Office
Year founded
2019
Location
Region
North America
Country
United States
City
Lake Placid
Corporate office
Lake Placid, United States
Principals
Douglas L. Hoffman
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Adirondack Asset Management?
Douglas L. Hoffman is listed as partner. Prior co-owners Greg Fetters and Ashleah Mayberry transitioned after the 2021 acquisition.
What asset classes does Adirondack Asset Management deploy into?
The firm allocates across private equity, real estate, distressed and turnaround situations, and secondaries.
How is Adirondack Asset Management structured relative to Long Run Wealth Advisors?
Long Run Wealth Advisors acquired Adirondack Asset Management in 2021. Kevin Brady and Charlie Cowan are co-founders of the acquiring firm.
Does Adirondack Asset Management maintain philanthropic structures?
The HobbleJog Foundation and The Tina LeClair Memorial Foundation are linked to the firm in available records.
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