# BayBoston Managers

BayBoston Managers is an Asset Manager based in Boston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2013
- **Assets under management:** $300M - $500M (Altss estimate)
- **Website:** baybostoncapital.com

## Regulatory record

- **CRD number:** 177520
- **SEC file number:** 802-124749
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/177520

## About

BAYBOSTON MANAGERS LLC is an exempt reporting adviser in Boston, MA. It is based in Boston.

## Sectors

- FinTech
- Enterprise Software
- Digital Health
- Cybersecurity
- Industrial Tech

## People

- Luz M. Urrutia — Co-Founder & Managing Partner
- Robert von Furth — Co-Founder & Managing Partner

## Questions

### Who runs investment decisions at BayBoston?

Co-founders Luz M. Urrutia and Robert von Furth jointly lead the investment committee. Urrutia's background includes serving as CEO of Banco Popular's U.S. division and a senior operating role at Wachovia; von Furth previously held investment positions at American Capital and GE Capital. Day-to-day sourcing and portfolio oversight are driven by the two managing partners with input from a small senior-investment team.

### How does BayBoston source proprietary deal flow?

The firm relies on a corporate-partner referral network rather than intermediary auctions. Urrutia's relationships with large financial institutions, corporate supply-chain officers, and community-development organizations generate founder introductions that rarely appear in traditional investment-bank processes. The firm also draws prospects from trade conferences focused on regulated industries and minority-owned business networks.

### Is BayBoston a minority-owned firm, and does that affect its mandate?

Yes. Luz Urrutia is Latina, and BayBoston is structured as a minority-led general partner. The firm expressly targets founder teams that include Latino and other underrepresented operators, positioning this not as a concessionary mandate but as a sourcing advantage in fragmented markets where institutional capital is scarce.

### Which sectors does BayBoston explicitly avoid?

The firm has publicly stated it avoids pre-revenue venture-stage companies, real estate, natural resources, and energy extraction. BayBoston focuses exclusively on operating businesses with recurring revenue, positive EBITDA, and corporate buyer demand, steering clear of capital-intensive or commodity-price-dependent sectors.

### How is BayBoston structurally different from a standard growth equity firm?

The firm embeds corporate strategic buyers into its diligence and portfolio-advisory process, functioning as a quasi corporate-development function for large institutions that need vetted diverse suppliers. This hybrid of sponsor capital and corporate operating partnership is uncommon among U.S. growth equity managers and shapes both sourcing and exit pathways.

## Related profiles

- [Baughman Financial Group](https://altss.com/profile/baughman-financial-group)
- [BBN Management](https://altss.com/profile/bbn-management-llc)

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Last updated: 2026-08-14T12:30:00.000Z

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