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Fort Washington Investment Advisors
Fort Washington Investment Advisors acts as the investment manager for The Ohio Capital Fund (OCF), a state-anchored fund of funds.
Fort Washington Investment Advisors
Fort Washington Investment Advisors acts as the investment manager for The Ohio Capital Fund (OCF), a state-anchored fund of funds. The OCF was established to increase early-stage venture capital available to Ohio-based businesses, aiming to boost employment and economic welfare in the state (per the firm's website). The program channels commitments into third-party private equity funds, which then invest directly in local enterprises. The strategy centers on secondaries — Fort Washington invests in existing private equity funds, gaining exposure to a diversified portfolio of Ohio companies. Its model covers seed and early-stage venture capital, with a focus on generating leverage via co-investors who follow the OCF's lead. The OCF publicly tracks cumulative dollars deployed by its underlying funds and additional capital raised from other investors, illustrating a multiplier effect on state economic development. Concrete operational metrics are limited; the firm discloses cumulative investment totals via its annual reports. The OCF team, based in Cincinnati, manages the program from a single office at 303 Broadway. No public data exists on total AUM, number of professionals, or named portfolio companies. The 2024 annual report is the most recent publicly available update. Fort Washington's structural differentiator is its hybrid public-private mandate: the OCF is a government-incentivized fund of funds but managed by a private investment advisor. This gives the firm a unique sourcing model — deal flow originates from funds that commit to investing in Ohio, making the state's economic policy a direct driver of portfolio construction rather than market opportunity alone.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Cincinnati
Corporate office
Cincinnati, OH, United States
Sector focus
Frequently asked questions
How does Fort Washington source proprietary deal flow?
Fort Washington operates through The Ohio Capital Fund, which invests in third-party private equity funds. Those underlying funds then source and deploy capital into Ohio-based early-stage companies. The flow is indirect but state-anchored — the OCF's mandate ensures that investments are directed toward in-state enterprises, creating a pipeline tied to regional economic development.
Is Fort Washington organized as a single-family office or a more traditional investment firm?
Fort Washington operates as a fund-of-funds manager for The Ohio Capital Fund, a legally structured program with a public-private governance model. It is not a family office. The firm serves as the investment advisor to the OCF, which is owned or overseen by the State of Ohio.
Does Fort Washington participate in fund commitments or only direct deals?
The firm makes commitments to underlying private equity funds — it does not typically invest directly in portfolio companies. The OCF strategy is built on a fund-of-funds model, with Fort Washington selecting and monitoring external fund managers that then deploy capital into Ohio businesses.
What investment stages does Fort Washington typically target?
The OCF targets seed- and early-stage venture capital. The fund of funds invests in private equity funds that focus on these stages within Ohio. The strategy is explicitly designed to fill a gap in early-stage capital availability for Ohio enterprises.
Which sectors does Fort Washington explicitly avoid?
The firm does not publicly disclose negative sector screens. Its focus is on early-stage Ohio companies across all sectors, with no stated exclusions.
How is Fort Washington related to The Ohio Capital Fund?
Fort Washington Investment Advisors serves as the investment manager for The Ohio Capital Fund. The OCF was established by the State of Ohio to deploy capital into local early-stage businesses via a fund-of-funds structure. Fort Washington provides investment management, due diligence, and oversight of underlying fund commitments.
Where does the underlying wealth come from?
The capital originates from the State of Ohio — the OCF is a public-private partnership funded through state allocations. The underlying wealth is not personal or family wealth but public funds dedicated to economic development.
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