# Franklin Street Partners

Franklin Street Partners is a Multi Family Office based in Chapel Hill, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Chapel Hill, United States
- **Region:** North America
- **Address:** Chapel Hill, NC, United States
- **Founded:** 1990
- **Assets under management:** 3900 (Altss estimate)
- **Website:** franklin-street.com
- **LinkedIn:** https://www.linkedin.com/company/franklin-street-partners-and-trust

## About

Franklin Street Partners was founded in 1990. 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.

## Sectors

- EdTech
- Healthcare Services
- Industrial Tech
- PropTech
- AgriTech & FoodTech
- ClimateTech
- FinTech
- Marketing & Sales
- Mobility & Transportation
- Sports & Wellness
- Cannabis & Psychedelics

## Offices

- Minneapolis, MN
- Denver, CO
- Houston, TX

## People

- Robert (Bob) Newell — CEO
- Paul Rizzo — Chairman
- William Starling — Key Principal

## 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.

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Last updated: 2026-08-10T15:58:45.833Z

Canonical page: https://altss.com/profile/franklin-street-partners

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