CLOVERLAY INVESTMENT MANAGEMENT, LLC
CLOVERLAY INVESTMENT MANAGEMENT, LLC is a Series C+ fund in the US writing $15M–$100M checks into media-and-entertainment, gaming, pharma, intellectual-property, franchise-rights, litigation-finance, specialty-lending, banks, non-performing-loans, bankruptcy-claims, insurance, asset-managers, capital-solutions, distressed-corporate, rail, aviation, maritime, logistics, communications-infrastructure, real-estate, metals-and-mining, agriculture-and-food, water, waste-to-value, power-and-storage, energy-transition, environmental-services, commercial-services, buildings-and-property, aircraft, theatrical-rights, artist-management, recording-labels, industrial-outdoor-storage, carbon-offsets, tax-credits, cacao-farm, theatrical-touring-rights, voluntary-carbon-offsets, afforestation and cacao-farming.
- Stages
- Series C+
- Sectors
- media-and-entertainment, gaming, pharma, intellectual-property, franchise-rights, litigation-finance, specialty-lending, banks, non-performing-loans, bankruptcy-claims, insurance, asset-managers, capital-solutions, distressed-corporate, rail, aviation, maritime, logistics, communications-infrastructure, real-estate, metals-and-mining, agriculture-and-food, water, waste-to-value, power-and-storage, energy-transition, environmental-services, commercial-services, buildings-and-property, aircraft, theatrical-rights, artist-management, recording-labels, industrial-outdoor-storage, carbon-offsets, tax-credits, cacao-farm, theatrical-touring-rights, voluntary-carbon-offsets, afforestation, cacao-farming
- Check size
- $15M–$100M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2015
- Assets under management
- $1.6B
- Website
- cloverlay.com
Thesis
Cloverlay Investment Management, LLC, founded in 2015 and based in Conshohocken, Pennsylvania, is an independent asset management firm specializing in "Adjacent Private Markets." Their investment thesis is built on the fundamental value of tangible and intangible assets, seeking uncorrelated and asymmetric durable returns across market cycles, with embedded downside protection. They focus on niche, less correlated private market strategies in the United States, often investing in segments outside traditional private equity, credit, and real assets. Cloverlay actively seeks cyclical capital voids and investable dislocations, aiming for returns comparable to conventional strategies but with lower correlation. Their strategy involves identifying emerging asset classes with limited institutional capital, investing, and then moving on as segments mature. As of March 27, 2025, Cloverlay reported $1.6 billion in AUM. They manage multiple funds, with gross asset values for specific funds between $149 million and $204 million as of March 2025. Fund III is halfway deployed, and Fund IV is expected in late 2025.
Common questions
Does CLOVERLAY INVESTMENT MANAGEMENT, LLC invest at the Series C+ stage?
Yes. CLOVERLAY INVESTMENT MANAGEMENT, LLC lists Series C+ among the stages it invests in.
What check size does CLOVERLAY INVESTMENT MANAGEMENT, LLC write?
CLOVERLAY INVESTMENT MANAGEMENT, LLC writes $15M–$100M checks.
Where does CLOVERLAY INVESTMENT MANAGEMENT, LLC invest?
CLOVERLAY INVESTMENT MANAGEMENT, LLC invests in the US.