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Ballentine Partners
Ballentine Partners began operations in 1984 when Roy Ballentine opened the firm in Waltham. It functions as a multi-family office serving high-net-worth...
Ballentine Partners
Ballentine Partners began operations in 1984 when Roy Ballentine opened the firm in Waltham. It functions as a multi-family office serving high-net-worth families and institutions with coordinated financial services. Drew McMorrow serves as President and CEO while Pete Chiappinelli acts as Chief Investment Officer. The firm commits capital to private equity, real estate, hedge funds, private credit, infrastructure, and natural resources. Investment stages span venture capital through buyouts and growth equity. Confirmed holdings include a position in Circle Internet Group alongside an art loan collection at the deCordova museum. Deployment occurs primarily inside North America with additional exposure to global natural resource funds. Four offices support operations in Waltham, Wolfeboro, Rochester, and Palm Beach Gardens. June 2023 marked certification as a B Corporation. Client families held a collective 26 percent ownership stake in the LLC as of December 2023. Adjacent vehicles include the Ballentine Partners Charitable Fund and participation in the UHNW Institute and Family Office Exchange. Client ownership of 26 percent of the LLC creates direct alignment between the firm and the families it serves. The B Corporation certification imposes measurable standards on social and environmental practices that shape both operations and investment selection.
General information
Firm type
Multi Family Office
Year founded
1984
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Waltham
Corporate office
230 3rd Ave, Fl 6, Waltham, MA 02451, United States
Additional offices
Wolfeboro, NH, United States · Rochester, NH, United States · Palm Beach Gardens, FL, United States · Boston, MA, United States
Principals
Roy Ballentine
Founder and Executive Chairman
Drew McMorrow
President and CEO
Pete Chiappinelli
Chief Investment Officer
Coventry Edwards-Pitt
Chief Creative Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Ballentine Partners?
Pete Chiappinelli serves as Chief Investment Officer. He oversees allocation across private equity, real estate, and natural resources. Drew McMorrow participates as President and CEO in firm-level decisions.
How does Ballentine Partners source proprietary deal flow?
The firm draws on relationships maintained through the UHNW Institute, Family Office Exchange, and Institute for Private Investors. Direct co-investments and fund commitments arise from these networks.
Is Ballentine Partners structured as a single family office or does it operate more like a venture firm?
It operates as a multi-family office. Services extend to multiple client families rather than a single lineage. A minority equity stake is held collectively by clients.
Does Ballentine Partners participate in fund commitments or only direct deals?
The firm uses both structures. Allocations include fund-of-funds vehicles alongside direct co-investments and SPVs. Natural resource funds and private equity commitments appear in the portfolio.
What investment stages does Ballentine Partners typically target?
Stages range from early-stage venture through growth equity and buyouts. Mezzanine and distressed opportunities also receive consideration when they fit the mandate.
Where does the underlying wealth come from?
The firm does not disclose specific sources of client wealth. Services address individuals, trusts, and nonprofit organizations without public attribution to particular industries or founders.
Does Ballentine Partners maintain philanthropic structures, and how are they separated?
The Ballentine Partners Charitable Fund operates alongside client-directed giving. The firm supports organizations including Brewster Academy and the Anti-Defamation League through this vehicle.
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