How We Invest

Over

50 Years

investing in
alternatives

We are a global leader in alternative investments.

For over five decades, we have helped clients unlock the full potential of alternative investments by delivering flexible, tailored solutions across asset classes and implementation types.  

$87B

Assets under
management

185

Investment
professionals

Private Equity

$31B AUM

Absolute Return Strategies

$25B AUM

Infrastructure

$18B AUM

Credit

$17B AUM

Real Estate

$7B AUM

Implementation Options For Portfolio Investments

With a flexible platform, unrivaled manager access, and proven expertise, we can identify and implement portfolio investments across five different methods:  

1. Fund Investments
Investments in managers' multi-client funds; such investments are also known as primary investments. 
2. Secondary Transactions
Acquired interests in a primary fund after the fund has been at least partially deployed in underlying investments.
3. Co-Investments
Investments made directly into businesses or securities in partnership with a sponsor.
4. Direct Investments
Investments made directly into businesses or securities, without an intermediary sponsor.
5. Seed | Joint Venture | Acceleration Investments
Investments in early stage managers or first funds in return for preferential terms and a share of manager economics.

Flexible Delivery Formats

Customized Separate Accounts

Bespoke portfolios allow clients to be actively involved in the design,
implementation, and monitoring of their alternatives programs.

Specialized Funds

Turnkey commingled investments offer a single point of entry to
alternatives across asset classes and strategies.

Advisory Services

We provide guidance to complement the in-house capabilities of larger clients, who leverage the breadth and depth of our investment and operational resources.

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Investment Perspectives

Real Assets, Real Impact: Infrastructure in Modern Insurance Investing

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Revisiting Hedge Funds: Separating Myth from Reality, One Year Later

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The Blueprint for Infrastructure: Building Durable Value in the Real Economy

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Real Assets, Real Impact: Infrastructure in Modern Insurance Investing

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Revisiting Hedge Funds: Separating Myth from Reality, One Year Later

Read more
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Data as of September 30, 2025.

Employee data as of October 1, 2025.

 

Sum of AUM by asset class exceed total firm AUM due to double counts from crossover investments. 

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Absolute Return Strategies

We offer clients a broad range of tailored solutions across strategies, including multi-strategy, macro, relative value, long/short equity, quantitative strategies, and opportunistic credit. Levaraging our large scale and presence in the industry, we are able to offer clients preferntial exposure to hard-to-access managers and seek to obtain terms that can drive economic and structural advantages. 

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