The new partnership will enhance investment offerings for the firm's private wealth business, Bernstein Private Wealth Management. The goal of the partnership is to provide clients access to LSV's investment strategy to enhance their diversification in alternative investments. As a part of the broader strategic partnership, AB will become the exclusive private wealth partner for LSV.
Founded in 2005, LSV is a pioneer in providing liquidity solutions for investors and managers of private funds, as well as direct private assets, and is currently investing its sixth round of investment funds.
"Through this innovative partnership structure with LSV, we will continue to enhance the services we offer our private wealth clients by expanding our private alternatives capabilities," said
"Our clients have been our core focus over the past 16 years and the partnership with Bernstein Private Wealth is an extension of that vision and a natural collaboration of two firms with shared priorities," commented
The partnership expands LSV's ability to execute on its unique investment strategy within secondaries, with an increased ability to transact on its proprietary pipeline of opportunities. LSV's existing limited partner base is comprised of leading institutional investors and sophisticated family offices.
About
Additional information about AB may be found on our website, www.alliancebernstein.com.
About LSV
LSV is a special situations secondaries firm that provides fund managers and investors with a wide variety of restructuring and liquidity solutions across all types of alternative investment funds. LSV has approximately
Additional information about LSV can be found on their website, www.lsvfinancial.com.
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SOURCE
AllianceBernstein Contacts: Mark Griffin, Investors, 629-213-5672, mark.griffin@alliancebernstein.com, or Jen Casey, Media, 212.969.1157, jen.casey@alliancebernstein.com