Investment Idea
Where could value
come from?
Understand the market opportunity, the strategy’s edge and the role it can play in a diversified portfolio.
Alternative Investment Funds
Beyond Familiar
Markets.
Within a Clearer
Framework.
Explore specialist investment strategies with a clear view of structure, manager, risk, liquidity and fit.
The investment is specialised.
The questions must be precise.
What Are You Actually Entering?
The fund name is only the cover. The underlying mechanics shape the experience.
An Alternative Investment Fund brings together a strategy, a structure, a manager and a defined set of assets and exit terms. Each element affects your risk, liquidity and overall investment experience.
Three Perspectives for a Clearer View
Deployment
How and when is
capital put to work?
Assess the pace of investment, concentration, use of leverage (where applicable) and ongoing portfolio management.
Realisation
When and how might
it be returned?
Consider the expected exit routes, likely time horizon and factors that can influence outcomes.
Explore the Landscape by Strategy
Explore Alternative Investment Funds
by Strategy.
AIFs can provide access to a diverse set of opportunities across private markets, real assets and specialist credit. Explore the approaches to understand what may be relevant for your objectives.
Private Market Strategies
Access to privately held businesses across growth, buyout and special situations.
Real Asset Strategies
Opportunities in infrastructure, real estate and other tangible assets essential to economic activity.
Specialist Credit Strategies
Exposure to credit opportunities across corporate, asset-backed and structured credit.
The VIVS AIF Review
Look Through the Fund. Into the Decisions.
A clear review connects the strategy to the people, documents and terms that govern it.
Anatomy of a Review
01
Strategy
What is the fund seeking to do?
02
Manager
Who makes decisions and how are they rewarded?
03
Structure
What rights, fees and commitments apply?
04
Assets
Where can capital be deployed?
05
Exit
When and how could value be realised?
The offer documents govern the actual investment terms.
Illiquidity Is a Feature You Must Understand Up Front.
Alternative investments are typically long term and less liquid than public markets. Understanding the investment lifecycle helps set the right expectations.
Commitment
Investor commits capital to the fund.
Capital
Deployment
Capital is invested over time.
Portfolio
Development
Assets are managed and value is built.
Realisation
Investments are exited over time.
Distribution
Proceeds are distributed to investors.
What Can Be Known Now
- ✓ Investment strategy and objective
- ✓ Manager background and governance
- ✓ Key fee terms and incentive structure
- ✓ Reporting approach and investor rights
- ✓ Eligibility and access criteria
What Remains Uncertain
- ? Timing and pace of capital deployment
- ? Nature and outcome of underlying investments
- ? Liquidity and time to exit
- ? Exit conditions and market environment
- ? Final returns, which depend on future outcomes
The Questions Hidden in the Fine Print
The Questions Hidden
in the Fine Print.
The details in the offer documents can be complex, but they matter. A focused review helps surface the key questions.
Capital Calls
How and when might additional capital be required?
Fees and Incentives
What are the full fee terms and how are they structured?
Reporting Rights
What information will be provided and how often?
Transfer and Exit
What are the limits on transfers and how might exits occur?
An AIF’s role should be clear
within your whole portfolio.
Concentration, liquidity and existing exposures shape suitability.
The final question is personal: does the fund fit your mandate?
The Investor Fit
A Specialist Strategy Should Have a Specific Purpose.
When to Explore Further
-
You are seeking a defined role for alternative investments in your portfolio.
-
You are comfortable assessing complex structures.
-
Your capital can remain invested for the stated horizon.
-
You want to understand the manager process and associated risks.
When to Pause
-
You need assured access to your capital in the near term.
-
You expect guaranteed results or a minimum return.
-
You cannot assess the key documents and terms.
-
The fund does not fit with your overall portfolio needs.
Eligibility and suitability depend on the specific offering and investor circumstances.
How VIVS Helps
From Interest to an Informed Decision.
01
Define Your
Mandate
Discuss your objectives, constraints and portfolio context.
02
Identify
Relevant Funds
Shortlist strategies that may fit your requirements.
03
Examine
Strategy and Terms
Review the investment approach, key terms and documentation.
04
Discuss Risks
and Questions
Evaluate potential risks, conflicts and open questions.
05
Decide With
Full Documents
Take a decision using the complete, official documents.
What You Should
Have Before
You Decide
Questions Before You Explore an AIF
Questions Before
You Explore an AIF
AIFs are typically pooled investment vehicles with a defined strategy and terms, while PMS typically involves a segregated portfolio. They differ in structure, terms and suitability.
Many AIF structures involve a defined investment horizon and may have restrictions on liquidity or early withdrawal. The exact terms depend on the specific fund.
The relevant offer documents should explain management fees, incentive structures, commitment terms, liquidity provisions and possible exit conditions.
VIVS assists with evaluation and decision support. Fund management, subscriptions and execution remain with the selected provider under its official documents and terms.
No investment outcome, return or exit should be assumed to be guaranteed. Results depend on the strategy, underlying assets, market conditions and the specific fund terms.