Overview
A. The Adviser is an investment advisory firm located in New York that specializes in providing
investors with a diversified “fund of funds” pool of uncorrelated private niche investment fund
interests. The Adviser provides investment advisory services on both a discretionary and non-
discretionary basis to both private funds (each, a “Fund”) and separately managed accounts to
high-net-worth individuals (each, a “Separate Account”) (together, the “Clients”). The
Adviser’s Funds are structured as limited partnership vehicles in which investors are limited
partners and an affiliate of the Adviser serves as the general partner. In some instances, the
Adviser may establish Separate Account relationships pursuant to investment management
agreements directly with investors. The Adviser does not have investment discretion over the
Separate Accounts.
The Adviser was formed in 2019 by Andrew Eberhart, the “Principal”.
B. Investment advisory services include working with the Client to establish an investment
objective and selecting portfolio investments in the form of private investment funds managed
by
third-party investment managers (“Underlying Managers”). The Adviser focuses on
Underlying Mangers with investment strategies that include private niche investments, such as
investments in railcar, inland marine, credit opportunities, digital infrastructure, specialty real
estate, farmland, and intermodal. Each Client portfolio is managed pursuant to an investment
management agreement between the Client and the Adviser, any investment guidelines
attached thereto, the Client’s investment policy, and any applicable regulations.
C. While each of its Clients will follow the general strategy stated above, the Adviser may tailor
the specific advisory services with respect to each Client based on the particular investment
objectives and strategies described in the applicable Client’s (i) confidential offering
memorandum and (ii) governing documents (referred to collectively as “Offering
Documents”).
D. The Adviser does not participate in wrap fee programs.
E. As of December 31, 2023, the Adviser managed approximately $86,897,868 in discretionary
assets and $17,084,168 in non-discretionary assets.