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Fleming & Associates
David Fleming's single-family office deploys franchise-generated wealth into real estate, private credit, and operating businesses across the Southeast.
Fleming & Associates
We work with entrepreneurs and business leaders to achieve their financial management and long-term success. | Fleming & Associates exists to provide entrepreneurs and business leaders with the financial support and accountability necessary to secure their financial future.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
—
Corporate office
—
Principals
David Fleming
Principal
Sector focus
Frequently asked questions
Who runs investment decisions at Fleming & Associates?
David Fleming, the founding principal, oversees all investment decisions. The office maintains a lean structure, and Fleming is directly involved in underwriting and approving every allocation. No external investment committee or advisory board has been disclosed.
Where does the underlying wealth come from?
The wealth originated from David Fleming's ownership and operation of a significant portfolio of Subway franchise locations, concentrated in the southeastern United States. The cash flows from these franchise operations, along with associated real estate holdings, formed the capital base for the family office.
Does Fleming & Associates invest in fund commitments or only direct deals?
The firm primarily executes direct investments and co-investments rather than committing as a limited partner to blind-pool funds. This direct orientation aligns with David Fleming's operator background and preference for assets where the office can perform its own underwriting.
What is Fleming & Associates' known posture on co-investments alongside external GPs?
The office has historically evaluated co-investment opportunities alongside other Southeastern family offices and private sponsors but has not publicized specific co-investment partners. The direct investment mandate suggests co-investments are evaluated on a deal-by-deal basis rather than through any formal club structure.
How is the family office structured relative to the underlying franchise operations?
Fleming & Associates operates as a separate legal entity distinct from the operating franchise businesses. The office manages liquid wealth and new investments generated by the franchise operations but does not serve as the holding company for the Subway locations themselves.
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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