Elliot Royce’s Royce Alpha Advisors lands Kelso as early client

Royce said he’s using his 20 years in the business to help GPs create, communicate and validate investment opportunities to “increasingly picky” LPs.  

“We really focus on engagements where complexity creates the need for an experienced LP investor like my team to review and revamp the entire offering before it ever hits the market,”  Royce told Buyouts.

“On the advisory side, we can help a fund-of-funds in terms of what will appeal to investors,” he said.  ”As a consultant, we do a deep dive into historical performance, attitudes of LPs, the firm’s value proposition, industry segments and the list goes on.”

Kelso, the established New York firm, and Innovation Access, a new, minority-backed venture capital fund-of-funds, have hired Royce Alpha.

Royce resigned this past September as co-head of the fund investment group at AlpInvest.

At the time, Royce said, “I am too old a hockey player to make that a full time pastime and too bad a golfer to retire,” according to a letter obtained by sister publication peHUB.

Royce started working at AlpInvest in 2007 after leading U.S. investment activities for Allianz Private Equity Partners.