Since our inception in 2006, Old City has placed $3.5 billion from family offices, foundations and endowments, and other prominent institutions with niche alternative investment managers. We represent a few select strategies per year, bringing to our clients extensive manager selection and asset allocation experience across alternative markets in the U.S. and abroad. Old City’s distribution services are conducted by Old City Securities LLC, an SEC and FINRA-licensed broker-dealer.
Since our inception in 2006, Old City has placed $3 billion from family offices, foundations and endowments, and other prominent institutions with niche alternative investment managers. We represent a few select strategies per year, bringing to our clients extensive manager selection and asset allocation experience across alternative markets in the U.S. and abroad. Old City’s distribution services are conducted by Old City Securities LLC, an SEC and FINRA-licensed broker-dealer.
Examples of differentiated strategies we have successfully represented include:
Rail Car Leasing
A hard asset manager that acquires railcars and leases them to transporters of goods, generating highly tax-efficient income. The fund is diversified across car type, lessee, commodity carried, lease term and age of car, and seeks to utilize its industry network to source attractive leasing opportunities.
Blockchain Focused Venture Capital
A venture capital fund focused exclusively on the blockchain leveraging its network and industry expertise to source investments that utilize blockchain technologies, investing in company equity, tokens and crypto assets. As the first and only venture fund with first-hand ICO experience, the manager has the unique ability to help ICO projects stand above the noise and minimize execution risk. Notable investments include Coinbase, Ripple and Kraken.
Brand and Consumer Private Equity
A consumer private equity fund backed financially and strategically by two prominent, established figures in the luxury space. The fund targets investments in consumer brands that are in early to mid-stage growth, with sustainable competitive differentiation, and are in a position to benefit from access to the funds’ network of investment professionals, operating partners, and senior advisors. The fund utilizes its high-profile founders’ networks for deal flow, and anticipates being able to buy stakes at discounted valuations given the strategic value of its involvement.
Sequoia-backed microsatellite launch company
The company, founded by former SpaceX insiders, has developed a low-cost rocket vehicle for launch of small satellites, a burgeoning technology currently constrained by long wait times and high costs of launch. The company’s small rockets offer dramatically lower costs and shorter lead times for launch, have simpler construction compared to industry competitors, and are mobile on a flatbed truck. Sequoia, together with other premier VC firms, are invested in the company’s Series A round.
Systematic Global Macro
A managed futures strategy investing in equities, commodities, currencies and fixed income across value, carry and momentum factors, with a beta-neutral stance. Through diversification, the fund seeks to capture fundamental risk premia based on empirical and intuitive points of risk transference across asset classes.
Esoteric Structured Credit
A structured credit manager with a fundamental asset valuation focus and expertise in securitization that invests in pre-2008 vintage CDOs and CLOs with a concentration in RMBS, CMBS and manufactured housing. The manager maintains a high degree of cash flow from short-duration carry assets.
Big Data Municipal Bond
A quantitative manager employing a big data, algorithmic approach to finding relative value in investment grade municipal bonds. Through an active trading approach, the fund seeks to achieve high trading alpha with exposure to a diversified investment grade portfolio partially hedged to interest rate and credit risk.
Special Situations Municipal Bond
A special situations U.S. municipal bond manager focused on relatively illiquid opportunities that appear undervalued relative to their creditworthiness and structure, and suggest a “catalyst” for future value realization.