# Pear Tree Partners

Pear Tree Partners is an Asset Manager based in Lincoln, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lincoln, United States
- **Region:** North America
- **Address:** 55 Old Bedford Road Suite 202, Lincoln, MA 01773
- **Founded:** 1969
- **Assets under management:** Undisclosed
- **Website:** usbostongrowthcapital.com

## Regulatory record

- **CRD number:** 152581
- **SEC file number:** 802-134577
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/152581

## About

Pear Tree Partners is an exempt reporting adviser founded in 2025 in Lincoln, MA. The firm advises clients on investment strategies. It is based in Lincoln, MA.

## Sectors

- Enterprise Software
- Semiconductors & Hardware
- Mobility & Transportation
- Industrial Tech
- Food & Beverage
- Real Estate
- Business Services
- Healthcare Services
- Digital Health
- Media & Entertainment

## People

- Willard L. Umphrey — Chairman, President of Pear Tree Advisors, Inc.
- John D. McClellan — Manager, U.S. Boston Growth Capital
- Leon Okurowski — Vice President of Pear Tree Advisors

## Questions

### Who runs investment decisions at Pear Tree Partners?

John D. McClellan manages U.S. Boston Growth Capital and sits on the boards of portfolio companies Anokiwave and SciAps. Willard L. Umphrey, Chairman and co-founder of the Pear Tree Funds, provides overall direction and serves as a board observer for certain portfolio companies.

### How does Pear Tree Partners source deal flow?

The firm emphasizes its direct network of entrepreneurs, executives, and industry experts built over fifty years in New England and the Middle Atlantic states. The in-house broker-dealer also earns placement fees when raising capital for portfolio companies, which can create an originating pipeline that differs from traditional blind-pool fundraising.

### What size investments does U.S. Boston Growth Capital typically make?

The firm describes its typical financings as between $6 million and $15 million, although it has raised more than $50 million in a single offering. Total disclosed deployment stands at $400 million across 28 portfolio companies.

### Does Pear Tree Partners manage outside capital through commingled funds?

Yes, the affiliate Pear Tree Advisors manages the Pear Tree Funds. Its relationship to U.S. Boston Growth Capital means portfolio companies like Tamr are held across private fund vehicles under common management.

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Last updated: 2026-08-14T12:30:00.000Z

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