New York (HedgeCo.net) – Ader Investment Management (AIM) has launched the Accelerator Fund Partners LP, a funding platform for hedge funds looking to boost assets under management and enhance their distribution into family offices and fund of funds. Individual manager allocations are expected to range from $25 million up to $100 million.
“The last several years have been extremely challenging for raising capital for hedge funds and most of the allocations have gone to the very largest funds” Jason Ader, Chief Executive Officer of AIM, said. “There is a need in the market for a vehicle such as this to provide capital to smaller, proven managers. We have developed a product to invest in talented and experienced fund managers and have designed our platform to help accelerate their business growth and achieve their AUM goals.”
AIM is an SEC registered investment adviser, and is the investment manager to the Accelerator Fund. The fund will focus on liquid long/short equity strategies. It has no plans to pursue debt or credit strategies. While AIM expects its first capital allocations to be made to US based asset managers, the vehicle intends to consider portfolio managers and funds based in the UK, Europe, and Asia that fit the AIM vehicle’s due diligence criteria.
In addition to Jason Ader, who will also serve as Chief Investment Officer, key partners of this newly formed AIM vehicle include Andrew Nelson Chief Financial Officer, Daniel Silvers Managing Director, Alvarez Symonette Managing Director and Laura Conover-Ferchak Chief Compliance Officer. The bios for the fund principals and associates can be found on www.aderinv.com. AIM relies on the knowledge and support of its Advisory Board to enhance the quality of the managers on the platform. It is backed by Pacific Capital Group, a Los Angeles-based merchant bank founded in 1985 by financier and philanthropist Gary Winnick.
Goldman, Sachs & Co. will be the fund’s prime broker. Legal advisors are Bingham McCutchen LLP and Sadis & Goldberg LLP. The fund auditor is Rothstein Kass & Co. In addition to AIM’s internal Risk Team, Risk Management and Reporting is being provided by Risk Resources LLC.
Editing by Alex Akesson
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