Firm: Asset Management Advisors
Funds: AMA Private Equity Fund of Funds and AMA Private Equity Direct Fund 2007
Target: $150 million combined
Probable Close: September
Fresh off establishing a private equity funds team, multi-family office
Palm Beach, Fla.-based AMA has two funds in the market:
Out of the combined $150 million, expect 60 percent to 70 percent to go to buyout vehicles, about half of that co-investment money. The remainder is going to a combination of venture and direct real estate managers. The firm has just started making commitments, and has plenty of room for new managers, our source said. The firm hasn’t set an exact number yet for the number of funds it would like to back.
Earlier this month, the firm announced it had hired the private equity fund of funds group from
AMA consists of 11 family offices on the East Coast. It has assets of over $10 billion. Growing at 30 percent per year overall in assets under management, AMA feels underallocated to private equity, said our source.—M.C.