Sunday, 24 July 2016
Last updated 1 day ago
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.