NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Leading global
investment manager AllianceBernstein L.P. ("AB") (NYSE: AB)
announced today that the firm has established a strategic
partnership with LSV Advisors, LLC ("LSV"), a special situations
secondaries firm focused on liquidity solutions for hedge fund,
private equity, and other alternative investment funds.
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
Aaron Bates, Head of Private Wealth
Platform and Partnerships at Bernstein Private Wealth Management.
"As alternatives become an increasingly attractive source for yield
amid market volatility and low rates, this partnership demonstrates
our firm's broader strategy to prioritize our clients and meet
their evolving needs."
"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 David G.
Tisch, LSV's founder and CEO. "We are excited to
expand Bernstein's product offerings by bringing our investment
strategy, one of the most tenured special situations secondaries
programs focused on fund restructurings, to Bernstein's
clients. We believe that our expanded partnership with
Bernstein is timely and highly synergistic, enabling both firms to
take advantage of the current market opportunity."
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 AllianceBernstein
AllianceBernstein is a leading global investment management firm
that offers high-quality research and diversified investment
services to institutional investors, individuals and private wealth
clients in major world markets. The firm has $738 billion in client assets under management as
of June 30, 2021.
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 $1
billion of client assets and capital commitments under
management as of June 1, 2021.
Additional information about LSV can be found on their website,
www.lsvfinancial.com.
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SOURCE AllianceBernstein