# Aureus Asset Management

Aureus Asset Management is a Multi Family Office based in Boston, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Boston, United States
- **Region:** North America
- **Founded:** 2005
- **Assets under management:** 7763 (Altss estimate)
- **Website:** aureus-asset.com
- **LinkedIn:** https://www.linkedin.com/company/aureus-asset-management

## Regulatory record

- **CRD number:** 136674
- **SEC file number:** 801-64723
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/136674

## About

Aureus Asset Management began in 2005 when Karen Firestone left Fidelity and David Scudder left Harvard Management Company to create an independent advisor for families and institutions. Their combined experience in public markets shaped an approach centered on research-driven equity selection rather than product distribution. The firm allocates across public equities, hedge funds, private equity, private credit, and real estate. It holds U.S. equities directly while committing to external managers for international exposure and alternatives. Confirmed positions include Microsoft, Amazon, Meta, and Visa. Aureus also participates in venture funds such as Accel Partners, Andreessen Horowitz, and Benchmark Capital. Geographic reach covers North America, Europe, Asia, and the Caribbean through both public holdings and fund commitments. Aureus employs no disclosed headcount figure. It maintains one primary office in Boston and supports philanthropic vehicles including the Boys & Girls Clubs of Boston. In April 2024 the firm promoted Thad Davis, a founding employee, to CEO and President while Karen Firestone transitioned to Chair Emerita. Aureus operates as a registered investment advisor that retains custody relationships with Fidelity Family Office Services and Charles Schwab. This structure allows the firm to manage client assets without sponsoring its own proprietary products, preserving alignment through fee-only billing and direct access to external managers.

## Sectors

- FinTech
- Healthcare Services
- ClimateTech
- Industrial Tech
- InsurTech

## People

- Karen Firestone — Co-founder and Chair Emerita
- David Scudder — Co-founder
- Thad Davis — CEO and President

## Questions

### Who runs investment decisions at Aureus Asset Management?

Thad Davis serves as CEO and President. Karen Firestone and David Scudder remain involved as co-founders with Firestone holding the title of Chair Emerita.

### Does Aureus participate in fund commitments or only direct deals?

Aureus maintains both. It runs internal U.S. equity portfolios and commits capital to external venture and private equity funds including Accel Partners and Andreessen Horowitz through Aureus Fund Series LLC.

### What investment stages does Aureus typically target?

The firm invests in public equities and private equity. It also allocates to hedge funds and private credit through external managers.

### What is Aureus known posture on co-investments alongside external GPs?

Aureus accesses co-investment opportunities through its fund-of-funds vehicle and direct relationships with managers in venture and private equity.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/aureus-asset-management

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology