Axxes Capital, a private markets investment firm dedicated to providing wealth advisors and their clients access to private markets solutions, launched the Axxes Private Markets Fund, a registered interval fund that seeks to provide accredited investors with a portfolio of direct access co-investments and secondaries through a vehicle that can be purchased on a daily basis.
The Axxes Private Markets Fund aims to leverage the expertise of two established institutional asset managers, GCM Grosvenor and Fisher Lynch Capital (FLC), to identify and comprehensively evaluate investment opportunities.
The Fund’s investment program is managed by CEO Joseph DaGrosa, a seasoned private equity investor with over 30 years of experience across sectors and industries, and chief investment officer Ray Joseph, a veteran portfolio manager and institutional allocator who most recently served as the CIO for the $31 billion Los Angeles Fire and Police Pensions.
“The launch of the Axxes Private Markets Fund is an important step in our mission to bring private market opportunities to an expanded group of investors who, for too long, have been shut out of this important asset class,” DaGrosa said. “Developed to address the limitations inherent to the traditional 60/40 portfolio, the Fund offers wealth advisors and their clients a private investment solution designed to better diversify portfolios while also seeking to achieve higher overall risk-adjusted returns. Alongside GCM Grosvenor and Fisher Lynch Capital, we look forward to providing accredited investors access to a portfolio of private equity co-investments and secondaries typically available only to the largest institutions and the ultrawealthy.”
“We are excited to partner with Axxes Capital to provide an expanded range of investors with an efficient and cost-effective way to participate in private markets,” Brett Fisher, founder and managing director of Fisher Lynch Capital, said. “Our deep relationships and decades of experience working alongside top private equity firms enable us to access co-investments in what we view to be the best and most promising deals across geographies and sectors, and we look forward to providing exposure to the co-investment market to wealth advisors and their clients through the Axxes Private Markets Fund.”
“Our team looks forward to launching our partnership with Axxes,” Jon Levin, president of GCM Grosvenor, said. “We believe the Axxes Private Markets Fund will offer an institutional-quality private equity product to a broad range of investors. We are excited to deliver a transformative investment solution through this initiative.”
After its first closing, the Axxes Markets Fund will be available through select mutual fund platforms via ticker symbol and otherwise purchased by subscription agreements for platforms that prefer them.
