# Fort Ashford Funds

Fort Ashford Funds is a Single Family Office based in Newport Beach, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Newport Beach, United States
- **Region:** North America
- **Address:** Newport Beach, CA, United States
- **Founded:** 2001
- **Assets under management:** 375 (Altss estimate)
- **Website:** fortashford.com
- **LinkedIn:** https://www.linkedin.com/company/fort-ashford

## Regulatory record

- **Reports private funds:** No

## About

Fort Ashford Funds was established in 2001 by Susan and Frank Kavanaugh as a privately held investment firm. The founders built their wealth through executive roles at Microsoft, Hewlett Packard and IBM plus the creation and growth of multiple companies including Force Protection Inc. The office invests directly in micro-cap public companies with market capitalizations under $100 million, opportunistic real estate and select growth equity. It deploys $2 million to $6 million in qualifying public companies and $2 million to $10 million in real estate. Confirmed holdings include Vons Market in Long Beach purchased in 2019 and the DaVita building in Lehi acquired in 2019. The firm also loaned $5 million for a 70 percent equity stake in a holding company owning the Summit office building, Outlets at Traverse Mountain and Seasons multifamily assets in Lehi. Geographic activity centers on North America with additional properties in Houston, Carlsbad and Hermosa Beach. The team includes Erin Burke as Chief of Staff plus advisory board members Mason Fink and Harry Long. Additional offices operate in Lehi. Philanthropic commitments run through CASA of Orange County, Chrysalis, Goodwill of Orange County and The Illumination Foundation. No operational events from the last 24 months appear in public records. Fort Ashford structures investments to acquire equity or debt and then participate in restructuring or reorganization. It seeks management teams aligned with community, client and shareholder interests rather than outright control.

## Sectors

- Real Estate
- Healthcare Services
- Industrial Tech
- Mobility & Transportation
- Supply Chain & Logistics

## Offices

- Lehi, UT, USA

## People

- Susan Kavanaugh — Managing Director, Co-founder
- Frank Kavanaugh — Managing Director, Co-founder
- Erin Burke — Chief of Staff

## Questions

### Who runs investment decisions at Fort Ashford Funds?

Susan Kavanaugh and Frank Kavanaugh serve as co-founders and managing directors. Erin Burke acts as chief of staff and supports deal pipeline and portfolio decisions.

### How does Fort Ashford Funds source proprietary deal flow?

The office relies on direct conversations and long-term relationships. It reviews capital structures, margins, markets and management teams before committing capital.

### Does Fort Ashford Funds participate in fund commitments or only direct deals?

The firm makes direct investments and co-investments through SPVs. It does not commit to external funds.

### What investment stages does Fort Ashford Funds typically target?

The office targets buyout, growth, PIPE and recapitalization opportunities. It focuses on cash-positive or near-profitable micro-cap companies and value-add real estate.

### Does Fort Ashford Funds maintain philanthropic structures, and how are they separated?

The office supports CASA of Orange County, Chrysalis, Goodwill of Orange County and The Illumination Foundation. These commitments operate separately from investment activities.

### What is Fort Ashford Funds known posture on co-investments alongside external GPs?

The firm prefers direct positions and collaboration with management teams. It does not emphasize co-investments with external general partners.

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Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/fort-ashford-funds-llc-kavanaugh-family-office

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