AltsGrow is a tender offer fund seeking medium to long-term capital appreciation by investing in a diversified portfolio of private market investments.
New York and Boston – June 5, 2025 – Privacore Capital (“Privacore”), an open-architecture solutions provider for alternative investment products, and Partners Capital Investment Group (“Partners Capital”), a global Investment Office, today announced the launch of the Privacore PCAAM Alternative Growth Fund (“AltsGrow”). AltsGrow is a tender offer fund that aims to provide institutional-quality private equity exposure suitable for a range of investors.
Privacore, an affiliate of Janus Henderson, serves as the advisor to AltsGrow and will manage distribution and fund operations, enabling Partners Capital, as the sub-advisor, to maintain their focus on portfolio management and investment selection.
AltsGrow seeks to provide investors with medium and long-term capital appreciation by investing in a diversified portfolio of private market investments including private equity, real assets, and private debt. As of the launch date, the Fund’s holdings consist mostly of assets purchased on the secondary market and co-investment opportunities alongside fund managers.
This strategic collaboration between Privacore and Partners Capital aims to bridge the gap between high-quality private market opportunities and the growing demand from investors for alternative exposure. The tender offer structure provides continuous investment opportunities without the constraints of traditional closed-end private fund cycles, allowing for more flexible capital deployment and portfolio management.
Privacore Capital is led by seasoned alternative investment professionals with a strong track record in distribution and product structuring. The firm’s goal is to solve for unmet demand and structural inefficiencies that inhibit access to high-quality alternative investments.
“This new Fund represents a natural extension of our work as an Outsourced Investment Office,” said Arjun Raghavan, Chief Executive Officer of Partners Capital. “Over the years, we have identified areas of distinctive access where we have excess capacity and are now looking to deliver those opportunities efficiently to investors beyond our traditional client base.” These areas of excess capacity include Private Equity Co-Investments and Secondaries where Partners Capital has invested in dedicated teams and has been investing on behalf of their existing clients for several years.
Market Trends Support Accelerated Adoption
“The alternatives asset class is projected to exceed $30 trillion in assets under management by 2030. The industry is adapting—offering better liquidity, transparency, and operational simplicity,” said Brendan Boyle, Chief Executive Officer of Privacore Capital. “As an open-architecture solutions provider and distributor, Privacore is at the forefront of that trend. AltsGrow serves as a foundational product for investors looking to build out their alternatives portfolios, and our collaboration with Partners Capital is designed to offer institutional-caliber opportunities to investors in a structure that aligns with their needs.”
“With markets experiencing volatility, elevated interest rates, and geopolitical uncertainty, advisors are turning to carefully curated alternatives to enhance return potential and diversify their portfolio from traditional asset classes,” said Raghavan.
To learn more about the Fund, please visit www.AltsGrow.com.
About Privacore Capital
Privacore Capital is an open-architecture provider, trusted partner, manager and distributor for alternative investment products tailored to the Private Wealth Market. The Firm’s strong leadership team has over 30 years on average of investment experience. They are industry experts with proven track records of building dynamic alternatives-focused businesses and products. The leadership is supported by a growing team of seasoned professionals with extensive experience in alternatives, sales and distribution. Privacore Capital is an affiliate of Janus Henderson.
About Partners Capital
Founded in 2001, Partners Capital is a global Investment Office acting for distinguished endowments and foundations, senior investment professionals and prominent families across the globe. With over $60bn in assets under management as of year-end 2024, the firm constructs investment portfolios for its clients tapping into its deep network of partnerships with what it considers exceptional asset managers across all major asset classes. The firm employs more than 350 people across its eight offices located in Boston, New York, London, San Francisco, Dallas, Paris, Singapore and Hong Kong. For more information on Partners Capital, please visit: www.partners-cap.com.
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Investors should consider the investment objectives, risks, charges and expenses of Privacore PCAAM Alternative Growth Fund (the "Fund”) carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call UMB Fund Services at (855) 685-3093 or download the file from https://www.AltsGrow.com. Read it carefully before you invest. Investing in the Fund involves risk including loss of principal.
You can contact Privacore Capital at (800) 304-3863 or [email protected].
The Fund’s investment program is speculative and entails substantial risks. There can be no assurance that the Fund’s investment objectives will be achieved or that its investment program will be successful. Investors should consider the Fund as a supplement to an overall investment program and should invest only if they are willing to undertake the risks involved. Investors could lose some or all of their investment.
The Fund is not a liquid investment. You should generally not expect to be able to sell your Shares (other than through the limited repurchase process), regardless of how we perform. Although the Fund is required to implement and has implemented a Share repurchase program, only a limited number of Shares will be eligible for repurchase by the Fund. As a result, an investor may not be able to sell or otherwise liquidate his or her Shares. Please see the Fund’s prospectus for “REPURCHASE OF SHARES”.
Investors should be aware that investments in private equity, real assets, and private debt are speculative and often include a high degree of risk. Investors could lose the entire amount of their investment or recover only a small portion of their investment if the fund suffers substantial losses. Shares are appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment and for whom an investment in the Fund does not constitute a complete investment program.
Investors should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. The Fund is a non-diversified, closed- end investment company designed for long-term investors and not as a trading vehicle. Funds classified as non-diversified can take larger positions in a smaller number of issuers than diversified funds, which could lead to greater volatility. The Fund has limited operating history upon which investors can evaluate potential performance. The Fund differs from open-end investment companies in that investors do not have the right to redeem their shares on a daily basis. Instead, repurchases of shares are subject to the approval of the Fund’s Board of Directors. The Fund is not a liquid investment. LIQUIDITY IN ANY GIVEN QUARTER IS NOT GUARANTEED. YOU SHOULD NOT INVEST IN THE FUND IF YOU NEED A LIQUID INVESTMENT.
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