New placement agent focuses on niche firms, global opportunities

APT Fund Advisory, a new placement agent, is trying to connect smaller global GPs following niche strategies with large North American investors.

The New York firm is helping raise five funds: a Brazilian early-stage venture technology fund, a European consumer-buyouts fund, an energy-and-minerals operator fund, and a tech-focused private credit fund that lends against enterprise value rather than Ebitda. All funds are targeting $500 million and below, and two are first-time funds managed by experienced investors.

The funds’ specialized nature speaks to a growing place for sector specialists in LP portfolios, said partner Terry Wetterman.

“LPs have gotten more comfortable with more and more specialized managers going after niches, so long as they’re getting at opportunities in a proprietary way, or they’re able to add some kind of value that a generalist wouldn’t,” Wetterman said.

Read the full article, as published by Buyouts:

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