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Franklin Street Partners
Franklin Street Partners was founded in 1990. Its wealth traces to the investment activities of the founding principals and their first growth-equity...
Franklin Street Partners
Franklin Street Partners was founded in 1990. Its wealth traces to the investment activities of the founding principals and their first growth-equity assignment. The firm supplies portfolio management, tax advisory, trust administration and succession planning to families, endowments and foundations. Investment activity spans private equity, real estate, hedge funds, private credit and direct co-investments. The firm also commits to venture and growth stages and has participated in buyouts and distressed situations. Geographic reach centers on North America with additional exposure through fund commitments. The team includes approximately a dozen named principals and maintains offices in Minneapolis, Denver and Houston. William Starling sits on the UNC Kenan-Flagler Board of Advisors. Patricia R. Morton served on the management committee until 2009 and held seats at Duke University and several cultural institutions. Succession and governance rest with a small group of long-tenured principals whose careers link the original partnership to the current multi-family platform and its affiliated public REIT.
General information
Firm type
Multi Family Office
Year founded
1990
AUM
3900 (Altss estimate)
Location
Region
North America
Country
United States
City
Chapel Hill
Corporate office
Chapel Hill, NC, United States
Additional offices
Minneapolis, MN · Denver, CO · Houston, TX
Principals
Robert (Bob) Newell
CEO
Paul Rizzo
Chairman
William Starling
Key Principal
Sector focus
Frequently asked questions
Who runs investment decisions at Franklin Street Partners?
Robert (Bob) Newell serves as CEO. Paul Rizzo acts as Chairman. Investment oversight is shared among a small group of principals including William Starling.
How does Franklin Street Partners source proprietary deal flow?
The firm relies on long-standing principal relationships and co-investment opportunities. Historical ties include work with Greyrock Capital Group on ESOP transactions.
Is Franklin Street Partners structured as a single family office or does it operate more like a venture firm?
It functions as a multi-family office. The firm offers open-architecture portfolio management alongside direct co-investments and fund commitments.
Does Franklin Street Partners participate in fund commitments or only direct deals?
Both. The firm allocates across fund-of-funds, direct co-investments and SPVs while maintaining real-estate and private-credit sleeves.
Where does the underlying wealth come from?
Wealth originates from the investment management activities of the founding principals and an initial $25 million growth-equity mandate awarded in 1990.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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