Gerber/Taylor targets $250 mln on new fund-of-funds

Memphis-based investment advisory firm Gerber/Taylor Capital Advisors has raised more than $11 million for a new fund-of-funds for investments across range of alternative-asset strategies, according to an SEC filing.

Gerber/Taylor’s new fund, Palladian Partners IX LP, is targeting $250 million. The target is consistent with the amount the firm targeted with Palladian VIII, according to an Opalesque report from 2014.

The firm typically charges a 1 percent management fee on its private equity funds’ net assets, committed capital or invested capital, SEC filings show. Performance fees range between 1 percent and 3 percent, depending on the individual funds’ governing documents.

Charles Gerber, Michael Douglass, David East, Simone Meeks, William Pickens and Robert Taylor are listed as the executive officers of the fund in its SEC filing.

Gerber/Taylor’s alternative-investment platform invests in PE funds as well as hedge funds and real-asset vehicles. While performance on some of its more recent funds was unavailable, data provider Preqin ranked the 2001 vintage of its Palladian among the top fund-of-funds raised between 2001 and 2006.

Palladian Partners 2001 was netting an 18.3 percent internal rate of return as of June 20, 2016, according to Preqin’s 2017 Alternative Assets Performance Monitor.

The firm did not respond to a request for comment.

Gerber/Taylor was founded in 1990 and has $5.3 billion of assets under management. The firm advises investors on an additional $7.8 billion of investments.

Action Item: For more on Gerber/Taylor, visit www.gerbertaylor.com

Memphis Grizzlies center Marc Gasol (33) on Dec. 30, 2017, shoots against Golden State Warriors guard Klay Thompson (11) during the second quarter at Oracle Arena. Photo courtesy Kyle Terada-USA Today via Reuters