Strategy Intelligence

Fund of Funds Intelligence

Fund of funds managers serve as gatekeepers to private markets for investors lacking the scale or expertise to build direct portfolios. The fund of funds model has evolved from simple diversification vehicles to sophisticated multi-strategy platforms offering co-investment access, secondaries allocation, and direct deal flow. While double-layer fees remain a criticism, top fund of funds managers justify their economics through superior access, due diligence capabilities, and portfolio construction. The segment manages over $500 billion globally and plays a critical role in capital formation for emerging managers. Fund of funds performance data from pension allocators in our database reveals significant dispersion, with vintage year and manager selection driving the majority of return variation. The model is particularly relevant for GP stakes analysis, as fund of funds managers are uniquely positioned to evaluate and access minority stake opportunities.

GPs Tracked
321
Total AUM
$1745395.8T
Funds with Data
0
Avg Net IRR
N/A

Top Fund of Funds GPs by AUM

#GP NameHQFoundedAUMStakeability
1GOLDMAN SACHS ASSET MANAGEMENT, L.P.United StatesN/A$342587.0TN/A
2J.P. MORGAN INVESTMENT MANAGEMENT INC.United StatesN/A$122390.3TN/A
3ELLIOTT INVESTMENT MANAGEMENT L.P.United StatesN/A$97371.7TN/A
4ICAPITAL ADVISORS, LLCUnited StatesN/A$85085.2TN/A
5ICONIQ CAPITAL, LLCUnited StatesN/A$71528.2TN/A
6BLACKSTONE ALTERNATIVE ASSET MANAGEMENT L.P.United StatesN/A$68860.5TN/A
7ICG EUROPE S.A.R.L.United StatesN/A$55954.6TN/A
8WELLINGTON MANAGEMENT COMPANY LLPUnited StatesN/A$40752.0TN/A
9SILCHESTER INTERNATIONAL INVESTORSUnited KingdomN/A$37857.0TN/A
10SCHF (GPE), LLCUnited StatesN/A$34025.8TN/A

Top Performing Fund of Funds Funds

Fund NameManagerVintageNet IRRNet Multiple

No fund performance data available for this strategy yet.

Geographic Distribution

United States
286 GPs
United Kingdom
18 GPs
Australia
2 GPs
Singapore
2 GPs
Bermuda
2 GPs
India
2 GPs
US
2 GPs
Switzerland
1 GPs
Brazil
1 GPs
Japan
1 GPs

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