Oelschlager Investments

Mark Oelschlager is President, Chief Investment Officer and sole portfolio manager of the Towpath Focus Fund (TOWFX) and Towpath Technology Fund (TOWTX). He co-founded the firm with Tina Oelschlager in 2019 after years as a portfolio manager at Oak Associates, his father Jim Oelschlager's firm. All investment commentary and quarterly letters are authored by Mark, and no other investment professionals are named publicly.

The firm offers two no-load, non-diversified mutual funds — Towpath Focus Fund (TOWFX) and Towpath Technology Fund (TOWTX) — plus separately managed accounts for individuals, trusts, foundations, nonprofits and financial advisors. Both funds are available on the Schwab platform as of August 2021. There is no private fund, hedge fund, or alternatives vehicle.

The firm describes its style as long-term, low-turnover, concentrated investing with a value discipline. Mark Oelschlager's quarterly letters consistently favor capital preservation, express skepticism about high-multiple growth stocks, and cite influences from Warren Buffett and Charlie Munger. The Towpath Technology Fund adds thematic technology exposure within the same concentrated equity framework.

Mark Oelschlager previously worked at Oak Associates, the Akron-based asset manager founded by his late father Jim Oelschlager in 1985. Jim Oelschlager built his early career managing Firestone's pension assets before launching Oak Associates. Mark left to co-found Oelschlager Investments in 2019 and is not listed in any current Oak Associates capacity. Jim Oelschlager passed away in 2024.

No, Oelschlager Investments is a long-only public equities manager with no disclosed direct investment, co-investment, or private-market activity. The firm's structure as a registered investment adviser with two mutual funds and separately managed accounts is incompatible with the typical co-investment or drawdown-fund model of private-market participants.