Mon, Feb 8, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers April 2012

Seeders Corner
A new series: the manager of a seeding fund speaks to Opalesque

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 account platform.

Christopher Kelley

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 individuals.

"The......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider