Foster Dykema Cabot

Foster Dykema Cabot

Foster Dykema Cabot opened in 1967 as one of New England’s early multi-family offices. Current president Elizabeth Braudis arrived in 2002 from Shawmut/Fleet Bank’s trust division and became the fifth leader in the firm’s history. The firm does not publicly identify its founding families or disclose an aggregate AUM figure, though Altss estimates advisory assets of approximately $2.0B. The firm invests across venture capital, buyout, growth equity, private credit, hedge funds, real estate, and secondaries. It runs an internal fund-of-funds platform that pools client commitments into vehicles such as FDC Investment Partners VIII, L.P., a vehicle registered in New York, alongside a real estate fund-of-funds that targets mixed-use US properties. CIO Jeffrey McGrew, who chairs the Investment Policy Committee, joined in 2016 after portfolio-management roles at MFS and The Boston Company Asset Management. Head of Private Investments F. Peter Fisher — a former AMG and Citigroup M&A executive — sources and evaluates private-market managers for the platform. The geographic footprint concentrates on North America, though the firm’s manager roster and fund commitments occasionally extend to Western Europe. FDC fields a team of roughly 20 professionals across advisory, client service, operations, and investment functions, all reporting through the Waltham headquarters. The firm joined the Family Office Exchange network and fields partners who have chaired the Professional Advisors Committee at The Boston Foundation. Its ownership architecture is a differentiator: FDC operates as a wholly-owned indirect subsidiary of Focus Financial Partners LLC, which closed a take-private sale to Clayton, Dubilier & Rice and Stone Point Capital in 2023, giving the firm permanent institutional backing rather than a single-family anchor. Most multi-family offices trace their mandates back to one wealthy patron; FDC has instead built a fiduciary structure atop Focus Financial’s roll-up model. That hybrid — a trust-and-ESTATE shop with a private-markets fund-of-funds engine, plugged into CD&R and Stone Point’s distribution network — gives the firm a capital base unconstrained by any single family’s liquidity or generational transition. No external regulatory filing independently verifies the estimated $2.0B figure, and the firm declines to comment publicly on client count or asset flows.