Empirical Wealth Management

Empirical operates as a registered investment advisor that integrates venture capital allocations into client portfolios. It is not a single-family office; it serves multiple high-net-worth clients. The firm packages venture exposure through fund commitments and direct co-investment vehicles, generating its revenue from advisory fees and carried interest on the venture side.

Empirical sources primarily through its network in the Pacific Northwest technology ecosystem and fund manager relationships concentrated in Seattle and Silicon Valley. The firm's investment committee evaluates opportunities across generalist technology verticals. Specific sourcing partners and deal origination metrics have not been publicly disclosed.

Empirical engages in both primary fund commitments to venture capital managers and curated direct co-investments alongside those managers. The firm targets growth-stage technology companies across enterprise software, consumer tech, fintech, and digital health. Investment stage parameters and average check sizes are not publicly reported.

Empirical does not publicly disclose assets under management. The firm maintains a deliberately low public profile regarding its scale. No regulatory filing or third-party publication has reported a verified AUM figure.

Mark J. O'Donnell serves as Chief Executive Officer. Kenneth R. Mehlman, former chairman of the Republican National Committee and current partner at KKR, sits on the board of directors. The broader investment committee and key decision-makers for venture allocations have not been publicly identified.