INVESTORS
Bosque consulting represents only a small number of high quality funds and our investor base typically consider our association with a fund as a valuable endorsement. We have strong relationships with all key investors across the hedge fund, private equity and real estate landscape. Our main focus is on the North American and European investor base, however our investor reach is global, including the South America and the Middle East. For each fund we work with, we approach and maintain a dialogue with a carefully selected target list of investors across institutions, fund of funds, private banks, family offices and select high net worth individuals. Our goal is a focused marketing campaign with a higher than average hit rate.
Institutional Investors
The institutional investor category is broad, covering investment banks, pension funds, endowments, consultants, etc. This segment of the market has been increasing in importance throughout the last 10 years as typical long only investors searching for alpha increase allocations to alternative assets. This trend is set to continue and the allocation to alternative assets from institutions is expected to be the fastest growing segment in the industry. Institutions already account for well over 50% of investments in private equity funds. We have relationships with all the key players, who either invest directly or via consultants.
Fund of Funds
Fund of funds are one of the most significant group of hedge fund investors, with assets under management globally hitting the US$1.2 trillion mark in 2008. The largest fund of funds manage assets in excess of US$10 billion and there are over 160 globally with assets greater than US$1 billion. For private equity, fund of funds is the second largest investor category, representing approximately 20% of all assets raised. For real estate funds, fund of funds are less important but growing in significance.
Private Banks
Private banks have historically been early movers in hedge funds investing and we cover most of them throughout our target area. Private banks where applicable invest in the other alternative asset classes as well.
Family Offices
Family offices are active investors in the alternative industry. The UK, Switzerland and the US are host to numerous influential single and multi-family offices, although there are also other significant names throughout Europe.
High Net Worth Individuals
High Net Worth Individuals (HNWI) as those who hold at least US$1 million in financial assets, while Ultra-HNWIs are those who hold at least US$30 million in financial assets. In 2008 there were 8.6 million HNWIs worldwide, totaling a combined US$32.8 trillion in assets.