Updated:
Three Oaks Wealth
Rick Kent established Three Oaks Wealth in 2011, originally as a single-family office structure before expanding to serve multiple families.
Three Oaks Wealth
Rick Kent established Three Oaks Wealth in 2011, originally as a single-family office structure before expanding to serve multiple families. The firm is headquartered in Minneapolis, Minnesota, and has grown to advise on over $3.5 billion in combined assets for roughly 30 families, based on public statements. Kent previously co-founded Oxbow Partners, a private investment firm focused on credit and private equity. Three Oaks Wealth constructs custom portfolios for each family, focusing on direct co-investments and private opportunities alongside institutional general partners. The firm's investment strategy spans private equity, real assets, private real estate, venture capital, and fixed income. It has been involved in co-investments with firms such as L Catterton and Leonard Green & Partners, per public filings. The geographic footprint is primarily North America, with selected international exposures. The firm operates without a disclosed number of investment professionals, but has named Rick Kent as CEO and Joe Schneider as President. Three Oaks Wealth does not manage commingled funds; it facilitates direct investments for its client families through special purpose vehicles and co-investment structures. The firm does not maintain a publicly known philanthropic foundation or separate operating business. Three Oaks Wealth's structural differentiator is its multi-family office model that mimics a single-family office approach — each family retains a bespoke allocation strategy rather than pooling assets into a common fund. This allows the firm to preserve confidentiality and alignment while achieving scale in deal access.
General information
Firm type
Multi Family Office
Year founded
2011
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Minneapolis
Corporate office
Minneapolis, MN, United States
Principals
Rick Kent
Founder and CEO
Joe Schneider
President
Sector focus
Frequently asked questions
Who leads investment decisions at Three Oaks Wealth?
Rick Kent is the founder and CEO, overseeing overall strategy and investment decisions. Joe Schneider serves as President. The firm's structure gives each client family input into their custom portfolio, with investment professionals sourcing and executing deals alongside institutional partners (per public record).
How does Three Oaks Wealth source proprietary deal flow?
The firm leverages relationships with institutional general partners and family office networks to access direct co-investment opportunities. It does not operate as a fund-of-funds; instead, each family evaluates deals individually, with the Three Oaks team conducting diligence and negotiating terms. The firm has been observed co-investing alongside firms like L Catterton and Leonard Green (per public filings).
Is Three Oaks Wealth a single family office or a multi-family office?
Three Oaks Wealth operates as a multi-family office, serving approximately 30 families. It began as a single-family office structure and expanded over time, but each family maintains its own separate account structure and bespoke asset allocation — more akin to a single-family office model than a commingled fund (per public record).
Does Three Oaks Wealth participate in fund commitments or only direct deals?
The firm primarily focuses on direct co-investments and special purpose vehicles, but it does not publicly disclose specific fund commitment details. Its stated approach is to build custom portfolios for each family, which may include interests in private equity funds alongside direct positions in companies.
What investment stages does Three Oaks Wealth typically target?
Three Oaks Wealth deploys capital across the full spectrum of private markets, including private equity buyouts, growth equity, and venture capital. It also allocates to real assets and private real estate. The firm does not publicly disclose a specific stage preference, but observed activity includes later-stage and buyout co-investments.
Which sectors does Three Oaks Wealth explicitly avoid?
The firm has not publicly stated any explicit avoidance sectors. Its investment activity, per public filings, has spanned private equity and real estate without a narrow sector concentration.
Where does the underlying wealth for Three Oaks Wealth clients originate?
The firm does not publicly disclose the wealth origin of its client families. Given the firm's Minneapolis base and founding by Rick Kent, the client base is believed to include local and regional entrepreneurs from a variety of industries, but no specific sources have been confirmed in public records.
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.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: