Private Equity Firm Launches Art Industry Fund

Apr 17 2008 | 1:12pm ET

IndexAtlas has raised a $50 million private equity fund, the Art Industry Fund, to invest exclusively in businesses serving the art industry such as auction houses, advisory services, financial and security firms. The fund will not invest in art assets, such as works of art, directly.

The IndexAtlas Art Industry Fund will make an average investment of $3 million to $8 million with a four-year investment period.

IndexAtlas Group’s founder Sergey Skaterschikov will manage the fund from the firm’s New York office.

“The fund's primary objectives are to bring increased transparency to art investing and to support development and expansion of lasting institutions that will serve the art world and the greater alternative investment market as a whole,” said Skaterschikov.

Skaterschikov established IndexAtlas, an investment-banking boutique with offices in New York, Moscow and Vienna, in 2001.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of