A very clean offering
This month, Opalesque talks to the co-founder of the Harvest Fund.
The Harvest Fund creates and manages private equity investments in
emerging hedge fund firms. It is run by newly formed firm Harvest Funds
Management, LLC (HFM), based in Westport, CT, an affiliated company of
Moody Aldrich Partners, LLC. HFM is supported by Wilshire Associates
Inc., which advises on manager research and manages the managed
Christopher Kelley, co-founder and managing
partner of the Harvest Fund, brought in more than
twenty five years of private equity and hedge fund
seeding experience to the business. Previously, he
was co-founder and managing partner of Weston
Capital Management's hedge fund seeding
business where he incubated over ten firms and
grew the platform to $1.2bn. He was also founder
and president of Value Asset Management (VAM),
a Bank of America-backed private equity holding
company that took majority interests in premier investment firms.
"The Harvest Fund is a strategic type of investment fund," he told
Opalesque in an interview. "What we want to do is both seed firms
that have 'x' amount of capital, and provide acceleration capital for, for
example, a firm that has already a quarter of a billion in AUM and wants to
start to new fund."
The Harvest Fund has a three-year lock-up and so must attract 'sticky
money.' It has U.S. onshore and offshore feeders, and a master fund. There
is also a one-year liquidity lock share class targeted for high-net-worth
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This article was published in Opalesque's New Managers
a top-down monthly analysis, news and research publication on the global emerging manager space.