# AFO Capital

AFO Capital is a Single Family Office based in Fort Worth, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Fort Worth, United States
- **Region:** North America
- **Address:** 777 Main Street, Suite 3440, Fort Worth, TX 76102, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** afocapital.com
- **LinkedIn:** https://www.linkedin.com/company/afo-capital-ltd

## Regulatory record

- **Reports private funds:** No

## About

AFO Capital was founded in 2007 following the sale of the family's operating business TTI, Inc. Paul E. Andrews Jr. established the office to oversee family wealth, with Jennifer Dempsey serving as CEO and CIO. The firm coordinates investment management, accounting, tax planning and charitable activities for the Andrews family and related entities. The office allocates across public equities, private markets, real estate and philanthropic vehicles. Investment types include direct co-investments, SPVs and alternative VC models. Confirmed focuses span PropTech, Digital Health, EdTech and FinTech, with technology emphasis on AI/ML, Cybersecurity and Enterprise Software. Activity centers on early-stage through Series B opportunities in North America. The team includes family members Judy Andrews and Chris Andrews alongside business partner Nick Anacreonte. AFO Capital participates in Philanthropy Southwest and Association for Corporate Growth events. The Paul E. Andrews Jr. Foundation handles charitable coordination. No operational events from the last 24 months appear in available records. The office maintains an integrated structure that combines investment management with in-house administration of trusts, partnerships and the family foundation. This setup centralizes tax, estate and reporting functions under one entity rather than relying on external advisors for core operations.

## Sectors

- PropTech
- Digital Health
- EdTech
- FinTech
- AI/ML
- Cybersecurity
- Enterprise Software

## People

- Paul E. Andrews Jr. — Founder
- Jennifer Dempsey — CEO and CIO
- Nick Anacreonte — Partner

## Questions

### Who runs investment decisions at AFO Capital?

Jennifer Dempsey serves as CEO and CIO. Nick Anacreonte acts as partner with prior CEO and CIO responsibilities.

### Does AFO Capital participate in fund commitments or only direct deals?

The firm uses direct co-investments and SPVs alongside alternative VC models.

### What investment stages does AFO Capital typically target?

Activity covers early stage, seed, Series A and Series B.

### Does AFO Capital maintain philanthropic structures, and how are they separated?

The Paul E. Andrews Jr. Foundation operates as the family's philanthropic vehicle, coordinated through AFO Capital services.

## Related profiles

- [Afitrading Multi Family Office](https://altss.com/profile/afitrading-multi-family-office)
- [AGA Capital](https://altss.com/profile/aga-capital)

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

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