Private Equity

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Founders Trust

Founders Trust operates as a private investment group out of Naperville, Illinois, led by a ten-member team that includes Dr. Anthony Tedeschi, David A.

Founders Trust logo

Founders Trust

Founders Trust operates as a private investment group out of Naperville, Illinois, led by a ten-member team that includes Dr. Anthony Tedeschi, David A. Smith, and Patrick Schiele. The firm’s principal activity is acquiring and investing in North American middle-market and lower-middle-market businesses, with deal sizes cited up to $450 million. The group states its partners have logged over 83 years of C-level experience and served on 25 boards. The firm deploys capital through majority and minority investments, direct acquisitions, co-investments, and special-situation structuring. It pursues a concentrated set of industries it does not name publicly, under an evergreen mandate that eliminates the pressure of fund-cycle exits. Its advisory practice runs in parallel, providing asset management, turnaround, and confidential family-office advisory to private companies. Founders Trust reports $4 billion in total completed transactions and $1.2 billion in cumulative revenue from turnaround-advised companies. The team lists 10 named leaders on its website without detailing headcount or satellite offices. No adjacent philanthropic foundations or formal club memberships are disclosed. In its most recent positioning, the firm has marketed a proprietary “Frictionless Acquisition System” for owners seeking liquidity or partial exits, underscoring a process built for confidentiality and speed — Founders Trust’s website notes its location in Naperville, a Chicago suburb convenient to O’Hare and DuPage airports. Structurally, Founders Trust blends permanent, proprietary capital with an advisory practice that shares the same senior partners, creating an unusual dual revenue engine. That architecture allows the firm to act as either principal or confidential advisor to a family business, depending on what the situation demands. This dual posture — part operator, part outside consigliere — distinguishes it from both conventional fund managers and pure single-family offices.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Naperville

Corporate office

2020 Calamos Ct, Suite 200, Naperville, IL 60563, United States

Principals

Dr. Anthony Tedeschi

Leadership

David A. Smith

Leadership

Patrick Schiele

Leadership

Dean Tulumaris

Leadership

Matt Williamson

Leadership

Marc B. Powell

Leadership

Dr. Adam Zehraoui

Leadership

Robert Wright

Leadership

Ajay Sathappan

Leadership

Randall Odzer

Leadership

Sector focus

Industrial TechBusiness Services

Frequently asked questions

Who runs investment decisions at Founders Trust?

The firm lists a ten-person leadership group on its website, including Dr. Anthony Tedeschi, David A. Smith, and Patrick Schiele. Founders Trust does not specify a formal investment committee or a single CIO, but it describes the team as having over 83 years of combined C-level experience. All members are likely involved in both sourcing and execution, given the lean structure.

How does Founders Trust source deal flow?

Founders Trust does not publicly detail its origination channels beyond a general contact form on its website. The firm positions itself as a confidential counterparty for owners seeking growth capital, succession transitions, or partial exits. Its location in the I-88 corridor west of Chicago suggests regional, relationship-driven sourcing among privately held industrial and service businesses.

Is Founders Trust a family office or a fund manager?

Founders Trust operates as a private investment group with an evergreen posture, which shares some characteristics with a single-family office but is structured as an asset manager. It does not report managing third-party limited-partner capital raised through a traditional fund cycle. Instead, it appears to deploy proprietary, long-dated capital alongside its confidential advisory practice.

What is Founders Trust’s advisory practice, and how is it separated from its investment activity?

The firm provides turnaround, asset-management, and family-office advisory services to middle-market companies, reporting $1.2 billion in cumulative revenue across advised entities. Founders Trust says it works with complete confidentiality in both advisory and investment roles, but it does not outline formal information-barriers between the two functions. The same core team appears to serve both lines of business.

What size deals does Founders Trust typically pursue?

The website states the firm buys and invests in companies up to $450 million. Across its history, Founders Trust reports $4 billion in completed transactions. The firm is focused on the middle market and lower middle market, indicating that individual deals can range from below $100 million up to the stated ceiling of $450 million.

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