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Bachow & Associates
Paul Bachow's multi-family office, founded 1989, runs private equity funds alongside direct co-investments — with CalPERS and Ford Foundation as historic...
Bachow & Associates
Paul S. Bachow founded the firm in 1989 as a multi-family office in Bala Cynwyd, Pennsylvania. A lawyer and CPA by training, Bachow built a practice managing capital across public and private markets for multiple families, eventually operating separate pooled private equity vehicles that attracted large institutional investors alongside the family capital — a structure more common among fund managers than pure family offices. The firm allocates across private equity, real estate, private credit, infrastructure, natural resources, and hedge funds. The private equity practice historically targeted industrial technology and enterprise software, with disclosed portfolio ties to semiconductor manufacturer Anadigics and a co-investment with CalSTRS in NeoWorld Communications in 2000. Geographic focus is North America, with real estate holdings including an office property at the firm's Bala Cynwyd headquarters. Significant institutional relationships define the firm's history. The California Public Employees' Retirement System, the Ford Foundation, and the Pennsylvania State Employees' Retirement System all committed capital to Bachow-managed funds, with the SERS commitment reported as liquidated by 2018. Former managing directors include Brian Flynn, who went on to co-found Mexican airline Volaris, and Steven Fisher, later CEO of Novelis. The firm appears in Palm Beach Hedge Fund Association directories as a family office with health and life sciences interests. Bachow & Associates operates at the intersection of a traditional family office and a private equity firm, a hybrid model that allows it to pool third-party institutional capital into fund structures while managing bespoke portfolios for individual families. The dual mandate — serving institutions as a GP and families as an allocator — distinguishes it from both pure single-family offices and conventional fund managers.
General information
Firm type
Multi Family Office
Year founded
1989
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Bala Cynwyd
Corporate office
3 Bala Plaza East, 5th Floor, Suite 502, Bala Cynwyd, PA, United States
Principals
Paul S. Bachow
Founder & President
Sector focus
Frequently asked questions
Who runs investment decisions at Bachow & Associates?
Paul S. Bachow, the firm's founder, serves as President and has led the firm since its founding in 1989. He holds a J.D. from Rutgers, a Master's in tax law from NYU, and a CPA designation. Former managing directors included professionals who later became CEOs of Novelis and co-founders of Volaris, the Mexican airline.
How does Bachow & Associates source proprietary deal flow?
The firm's long operating history since 1989 and Paul Bachow's board position at Anadigics suggest a network-driven sourcing model rooted in industrial technology and semiconductor circles. Institutional LP relationships with public pension funds indicate fundraising reach beyond typical family office channels.
Does Bachow & Associates participate in fund commitments or only direct deals?
Both. The firm manages private equity fund vehicles that drew institutional LPs including CalPERS, CalSTRS, the Ford Foundation, and Pennsylvania SERS. It also engages in direct co-investments and SPVs, real estate, hedge funds, and infrastructure allocations.
Is Bachow & Associates structured as a single family office or does it operate more like a venture firm?
It functions as a hybrid. Core operations serve as a multi-family office managing capital across asset classes for multiple wealthy families, but the firm has also raised discrete private equity funds from large public pension plans — a structure that blurs the line between family office and institutional fund manager.
What investment stages does Bachow & Associates typically target?
Historical deal activity, including a co-investment with CalSTRS in NeoWorld Communications in 2000, indicates involvement in growth and early-stage technology investments alongside later-stage private equity. The firm's industrial technology focus suggests middle-market buyout and growth equity exposure.
Which sectors does Bachow & Associates explicitly avoid?
No explicit exclusions are publicly documented. Confirmed sector exposure includes industrial technology, enterprise software, semiconductors, real estate, private credit, and natural resources. The firm's appearance in a health and life sciences directory within the Palm Beach Hedge Fund Association suggests healthcare may also be in scope.
What institutional investors have committed capital to Bachow & Associates funds?
Three large US public pension systems — CalPERS, CalSTRS, and Pennsylvania State Employees' Retirement System — plus the Ford Foundation all committed capital to Bachow-managed private equity vehicles. The Pennsylvania SERS commitment was reported as fully liquidated by 2018.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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