# Foster Dykema Cabot

Foster Dykema Cabot is a Multi Family Office based in Waltham, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Waltham, United States
- **Region:** North America
- **Address:** Waltham, MA, United States
- **Founded:** 1967
- **Assets under management:** $2.0B (Altss estimate)
- **Website:** fdcpartners.com
- **LinkedIn:** https://www.linkedin.com/company/focus-financial-partners

## Regulatory record

- **CRD number:** 300282
- **SEC file number:** 801-114693
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/300282

## About

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.

## Sectors

- Private Equity
- Venture Capital
- Real Estate
- Hedge Funds
- Private Credit
- Secondaries & Special Situations

## People

- Elizabeth Braudis — President, Partner
- Jeffrey McGrew — Chief Investment Officer, Partner
- Donnalee Guerin — Chief Operating Officer, Chief Compliance Officer, Sr. Client Advisor, Partner
- F. Peter Fisher — Head of Private Investments, Partner

## Questions

### Who runs investment decisions at Foster Dykema Cabot?

Jeffrey McGrew chairs the Investment Policy Committee as CIO. He joined in 2016 from MFS Investment Management, where he was a portfolio manager, and earlier spent eleven years at The Boston Company Asset Management. Head of Private Investments F. Peter Fisher leads sourcing for the fund-of-funds platform, evaluating external private-market managers.

### How does Foster Dykema Cabot source private-market exposure?

The firm operates a dedicated fund-of-funds approach. F. Peter Fisher and the investment team evaluate external managers and commit through pooled vehicles such as FDC Investment Partners VIII, L.P., rather than pursuing direct co-investments or leading deals. The real estate sleeve similarly runs through a dedicated fund-of-funds focused on US mixed-use properties.

### Does Foster Dykema Cabot accept external capital?

The firm advises multi-generational ultra-high-net-worth families, individuals, and foundations as clients. It does not publicly market funds to retail or institutional investors outside its existing client relationships.

### Which asset classes does Foster Dykema Cabot avoid?

The firm’s confirmed investment types cover fund-of-funds, buyout, early-stage and growth venture capital, secondaries, special situations, hedge funds, and private credit. Publicly available materials do not list direct commodity, infrastructure, or pure fixed-income mandates outside of manager-selected allocations.

### What is Foster Dykema Cabot's known posture on co-investments alongside external GPs?

The investment team focuses on fund commitments and manager selection. There is no public record of the firm executing direct co-investments alongside its private-equity or venture-capital managers. The structure points toward a pure limited-partner relationship with its underlying funds.

## Related profiles

- [OLZ & Partners](https://altss.com/profile/olz-and-partners-family-office)
- [J.Mendes Investment Office](https://altss.com/profile/jmendes-investment-office-jose-mendes-nogueira-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/foster-dykema-cabot-and-partners-llc

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