The Evolution and Enduring Relevance of Funds of Funds

Don’t Call It a Comeback explores the enduring important of alternatives funds of funds. A new Jefferies study shows that negative headlines get it wrong—funds of funds play a critical role in supporting early stage managers, allocating nearly 80% of early stage capital along with family offices. This paper outlines the critical role FoFs play in the alternatives ecosystem by providing relatively sticky capital to early stage launches.