May 03, 2023
With over 432 hedge funds launched in 2022 alone, the universe of hedge funds continues to be a very large bucket for allocators to wade through and pick the right style and manager.
As fund of funds differentiate themselves based on their skill of identifying, evaluating, and monitoring managers, they often have a large number of specialized analysts with a global footprint.
Fund of funds are often able to invest early, move quicker, and allocate larger amounts than many other allocators and should be a key area of focus for any alternative strategy across its lifecycle.
At Dakota, we’ve been raising capital within the fund of funds channel since 2006, and have raised $25 billion. In that time we’ve also established Dakota Marketplace, an institutional investor database of accounts and contacts that houses all of this information.
To help you narrow down the size of the channel, we’ve put together a list of the 15 largest fund of fund platforms that focus on hedge fund of fund strategies. By the end of this article, you will have a better idea of this class of alternatives channel, as well as who might be the right people for you and your team to call on.
Disclaimer: we cannot guarantee these numbers are 100% complete as investments may have been made that we are unaware of.
Fund-of-fund strategy: SkyBridge Multi-Adviser HF Portfolios G
Hedge fund type: Multi-strategy
Fund size: $4,980,000,000
Location: New York, NY
Fund-of-fund strategy: Pinnacle Natural Resources, L.P.
Hedge fund type: Macro/systematic
Fund size: $2,295,000,000
Location: New York, NY
Fund-of-fund strategy: Vittoria Fund LP
Hedge fund type: Equity
Fund size: $1,977,445,299
Location: Newtown, PA
Fund-of-fund strategy: ABS Emerging Markets Strategic Port, LP
Hedge fund type: Equity
Fund size: $1,454,200,000
Location: Greenwich, CT
Fund-of-fund strategy: SCS Capital Partners, LLC
Hedge fund type: Multi-strategy
Fund size: $1,230,747,665
Location: Boston, MA
Fund-of-fund strategy: AllianceBernstein Multi-Manage Alter
Hedge fund type: Multi-strategy
Fund size: $1,108,788,348
Location: New York, NY
Fund-of-fund strategy: Ironwood Partners L.P.
Hedge fund type: Multi-strategy
Fund size: $1,045,000,000
Location: San Francisco, CA
Fund-of-fund strategy: Blue Rock Capital Fund L.P.
Hedge fund type: Equity
Fund size: $655,700,000
Location: Wayzata, MN
Fund-of-fund strategy: Magnitude US Partners
Hedge fund type: Multi-strategy
Fund size: $615,774,280
Location: New York, NY
Fund-of-fund strategy:Riverview Global Macro Fund LP
Hedge fund type: Macro/systematic
Fund size: $580,000,000
Location: West Conshohocken, PA
Fund-of-fund-strategy: Lighthouse Global Long/Short Fund LP
Hedge fund type: Equity
Fund size: $433,000,000.00
Location: Palm Beach Gardens, FL
Fund-of-fund strategy: Lighthouse Diversified Fund LP
Hedge fund type: Multi-strategy
Fund size: $349,000,000
Location: Palm Beach Gardens, FL
Fund-of-fund strategy: Infinity Premier Fund, LP
Hedge fund type: Multi-strategy
Fund size: $315,710,000
Location: Atlanta, GA
Fund-of-fund strategy: Riverview Premium Partners Fund II LP
Hedge fund type: Multi-strategy
Fund size: $302,000,000
Location: West Conshohocken, PA
Fund-of-fund strategy: AIP Absolute Return Fund STS
Hedge fund type: HF Fund of Funds - Multi-strategy
Fund size: $296,698,098
Location: West Conshohocken, PA
For more information on fund-of-funds and see each account in more detail, start your free trial of Dakota Marketplace!
Gui Costin is the Founder and CEO of Dakota.
