Broyhill Family Office (bmc Fund, Inc.)

The Broyhill Family Office is the private investment vehicle of the Broyhill family of Lenoir, North Carolina, whose wealth traces to Broyhill Furniture, founded as the Lenoir Chair Co. Great-grandfather J.E. Broyhill founded Lenoir Chair Co. in North Carolina in 1926, which later became Broyhill Furniture. Its core vehicle, BMC Fund, Inc., is a registered closed-end investment management company; M. Hunt Broyhill is President and director, and also Chief Executive Officer of Broyhill Asset Management, LLC. The portfolio is diversified across public and private markets, with assets estimated by a third party at roughly $225M. The asset-management arm separated in 2022: originally established as a family office nearly half a century ago, Broyhill Asset Management spun out in 2022 to become an independently owned investment manager under the leadership of Chris Pavese. BMC Fund remains the family's own vehicle and files SEC reports through FY2024.