Investing with a multi-generational horizon

We support clients in building thoughtful, durable portfolios and we leverage our multi-generational capital base to make patient investments in exceptional entrepreneurs and businesses.

Investment Advisory

Fry’s Path provides comprehensive investment advisory services to a limited number of families and institutions who share a multi-generational horizon.

Our advisory work is tailored to the needs of each client and broadly includes asset allocation strategy, investment manager selection, performance measurement, macroeconomic analysis, and family office services.

Our guiding principles drive us to foster unique alignment with client partners, leverage the benefits of patience and scale, and fundamentally view investing as vocation. Fry’s Path is a completely independent investment advisor, with no ties to any other provider of financial services.

Direct Investments

Our multi-generational capital base enables us to make truly patient investments to support long-term value creation.

Leveraging our advisory relationships, we are uniquely positioned to aggregate and share insights across a network of thoughtful client partners and world class capital allocators. This creates a powerful feedback loop and enables us to deliver deep resources to portfolio companies.

Our principals have nearly four decades of combined experience investing across multiple sectors – and because we are unencumbered by many of the mandates and timing constraints faced by traditional private equity investors, we are able to devote our full resources to identifying differentiated investment opportunities and helping our portfolio companies succeed.

Fry’s Path Leadership

Joe Andrasko

Joe is a Managing Partner and co-founder of Fry’s Path. He has over 15 years of investment, operational, and portfolio management experience. Prior to launching Fry’s Path, Joe was the Director of Investments for an institutional-scale single family office where he managed all elements of the firm’s investment strategy and led direct investments in technology, healthcare, and real estate opportunities.

When he is not supporting Fry’s Path clients, Joe is a Professor of Practice in the Quantitative Analysis and Finance departments of the University of Virginia’s Darden School of Business. He teaches Applied Security Analysis and multiple courses on decision analysis and applied statistics.

Joe attended Bowdoin College where he received undergraduate degrees in economics and Spanish. He earned an M.B.A. from the Darden School of Business.

Dwight Keysor

Dwight is a Managing Partner and co-founder of Fry’s Path. He has over 20 years of investment, transaction, operations, and portfolio management experience. Prior to launching Fry’s Path, he was a Managing Director and Private Investment Specialist at Cambridge Associates where he worked with institutional clients on private investment portfolio construction, manager selection, direct co-investment analysis, and investment program evaluation. Dwight began his career in the Global Investment Research division of Goldman Sachs and later worked in real estate private equity for The JBG Companies and TMG Partners.

Dwight attended Brown University where he received a B.A. in International Relations. He earned an MBA from the Tuck School of Business at Dartmouth.