RALEIGH, N.C.--(BUSINESS WIRE)--Hatteras Funds, a provider of unique alternative investment solutions for financial advisors and their clients, today announced a subadvisory relationship with Adams Street Partners, a global private markets investment firm with a proven track record.
Through multiple subadvisory relationships, Hatteras Funds intends to provide financial advisors access to a series of evergreen private investments strategies. Hatteras Funds selected Adams Street Partners as the private equity subadviser because of its long history of experience and expertise.
“Our subadvisory relationship with Adams Street gives us much-needed access to return enhancing strategies in today’s otherwise low growth environment,” said Michael Hennen, Head of Investment Management at Hatteras Funds. “Our focus has always been to provide financial advisors with alternative investment solutions that help them to build better portfolios for their clients. Adams Street Partners’ experience across a broad array of private strategies enables us to offer additional alternative investment capabilities.”
Adams Street Partners was founded in 1972 and has 44 years of exclusive private markets experience, managing over $28 billion of assets. Establishing the industry’s first private equity fund of funds and one of the first dedicated secondary funds, Adams Street continues to be an industry leader in the private equity space. The firm offers a global outlook and commingled and customized access to private markets strategies.
Adams Street has a long history of serving institutional clients. “We are excited to advise Hatteras and believe their experience developing alternative investment solutions on behalf of financial advisors will enable us to deliver meaningful value to both advisors and their clients,” said Jeff Diehl, Managing Partner of Adams Street Partners.
The partnership follows a series of strategic changes over the past year at Hatteras, including the November 2015 announcement that the firm had re-established itself as an independent, employee-owned alternative investment boutique. The firm most recently announced that Robert Brown joined as Managing Director of Business Strategy.
About Hatteras Funds
Hatteras Funds provides unique alternative investment solutions for Financial Advisors and their Clients. We believe that all investors should have access to the same sophisticated investment approach and superior portfolio management talent as the largest institutions. A boutique alternative investment specialist founded in 2003, Hatteras Funds offers a suite of innovative products designed to help allocate to alternative investments.
About Adams Street Partners
Adams Street Partners is one of the largest and most established private markets investment firms in the world. Adams Street commenced its investment program in 1972, and manages over $28 billion of assets across five strategies – primary and secondary fund investing, co-investments, private credit and direct venture/growth investing. Adams Street employs 140 professionals in Chicago, London, Menlo Park, New York, Singapore, Beijing, Boston, and Tokyo.
Key Risk Factors:
Investing involves risk; loss of principal is possible. Please consult an investment professional for advice regarding your particular circumstances.
Hatteras Capital Distributors, LLC, 6601 Six Forks Road Suite 340, Raleigh, NC 27615, is a member of FINRA / SIPC. Hatteras Capital Distributors, LLC is affiliated with Hatteras Funds, LLC by virtue of common control/ownership.
HF 11-2016-02