Tue, Jun 19, 2018
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. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  2. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  3. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  4. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  5. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv