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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...