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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of