Privacore Capital, an open-architecture solutions provider for alternative investment products, and Partners Capital Investment Group, a global investment office, launched the Privacore PCAAM Alternative Growth Fund (AltsGrow).
AltsGrow is a tender offer fund that aims to provide institutional-quality private equity exposure suitable for a range of investors.
Privacore, an affiliate of Janus Henderson, serves as the advisor to AltsGrow and will manage distribution and fund operations, enabling Partners Capital, as the sub-advisor, to maintain their focus on portfolio managementand investment selection.
AltsGrow seeks to provide investors with medium and long-term capital appreciation by investing in a diversified portfolio of private market investments including private equity, real assets, and private debt. As of the launch date, the fund’s holdings consist mostly of assets purchased on the secondary market and co-investment opportunities alongside fund managers.
This strategic collaboration between Privacore and Partners Capital aims to bridge the gap between high-quality private market opportunities and the growing demand from investors for alternative exposure. The tender offer structure provides continuous investment opportunities without the constraints of traditional closed-end private fund cycles, allowing for more flexible capital deployment and portfolio management.
Privacore Capital is led by seasoned alternative investment professionals with a strong track record in distribution and product structuring. The firm’s goal is to solve for unmet demand and structural inefficiencies that inhibit access to high-quality alternative investments.
“This new Fund represents a natural extension of our work as an Outsourced Investment Office,” Arjun Raghavan, CEO of Partners Capital, said. “Over the years, we have identified areas of distinctive access where we have excess capacity and are now looking to deliver those opportunities efficiently to investors beyond our traditional client base.”
“The alternatives asset class is projected to exceed $30 trillion in assets under management by 2030. The industry is adapting, offering better liquidity, transparency and operational simplicity,” Brendan Boyle, CEO of Privacore Capital, said. “As an open-architecture solutions provider and distributor, Privacore is at the forefront of that trend. AltsGrow serves as a foundational product for investors looking to build out their alternatives portfolios, and our collaboration with Partners Capital is designed to offer institutional caliber opportunities to investors in a structure that aligns with their needs.”
“With markets experiencing volatility, elevated interest rates, and geopolitical uncertainty, advisors are turning to carefully curated alternatives to enhance return potential and diversify their portfolio from traditional asset classes,” Raghavan said.
