AllianceBernstein announced this week a strategic partnership with LSV Advisors to focus on liquidity solutions for hedge fund, private equity and other alternative investment funds.
The partnership is set to enhance the offerings of Bernstein Private Wealth Management to offer clients access to LSV’s secondaries solutions. AB as a result becomes an exclusive private wealth partner with LSV.
With $1 billion in assets, LSV has a special situations secondaries business that works with both fund managers and investors in setting up restructuring and liquidity solutions across all types of alternative investments.
“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,” said David Tisch, LSV’s founder and CEO. “We believe that our expanding partnership with Bernstein is timely and highly synergistic, enabling both firms to take advantage of the current market opportunity.”