FUND OF FUNDS

FUND OF FUNDS

An investment in a portfolio of fund managers (multi-manager investments) in a specific strategy. Often LPs will use fund of fund vehicles if they are allocating to a strategy for the first time to reduce risk and diversify their investments.

MAJOR CONSIDERATIONS

  • Can be open to smaller and niche fund managers

  • Potentially focused on higher risk/reward opportunities

  • Can be opportunistic and quick to move

  • May like secondary and co-investment opportunities

LARGEST FUND OF FUNDS

  1. Partners Group (Infrastructure) AUM – 100Bn

  2. Goldman Sachs AIMS PE (Private Equity) AUM - 65Bn

  3. Hamilton Lane (Private Equity) AUM – 65Bn

  4. HarbourVest Partners (Private Equity) AUM – 63Bn

  5. Pathway Capital Management (Private Equity) AUM – 62Bn

  6. Fort Washington Investment Advisors (Private Equity) AUM – 52Bn

  7. Pantheon (Infrastructure) AUM – 47Bn

  8. AlpInvest Partners (Private Equity) AUM – 42Bn

  9. Adams Street Partners (Private Equity) AUM – 40Bn

  10. Caixagest (Infrastructure) AUM – 39Bn

PreQin 2020

ARTICLES OF INTEREST​

THESE ARE THE BEST PERFORMING FUND OF FUNDS IN PE; Institutional Investor

https://www.institutionalinvestor.com/article/b1gh9d3y56l9bm/These-Are-the-Best-Performing-Funds-of-Funds-in-Private-Equity

 

Private Equity Fund of Funds Overview; Allenlatta

http://www.allenlatta.com/allens-blog/lp-corner-private-equity-funds-of-funds-an-overview