FEG INVESTMENT SERVICES, LLC

Thesis

FEG Investment Services, LLC, founded in 1988 and headquartered in Cincinnati, Ohio, is an independent, employee-owned investment advisory firm serving institutional clients like endowments, foundations, and healthcare organizations. With over $100.4 billion in Assets Under Advisement (AUA) and $2.2 billion in Assets Under Management (AUM) for FEG Investment Services, LLC specifically, the firm operates as an advisor and operator of pooled investment vehicles, focusing on manager-led and multi-strategy fund structures. They provide advisory services to unregistered private funds, including 'fund of one' (FOO) and FEG Select, LLC, which offers exposure to various asset classes through commingled funds or SMAs, often with a minimum investment of $1 million. FEG engages in direct portfolio management and manager selection, filling both operating sponsor and advisor roles. While their reporting spans hedge funds, private equity, and other pooled vehicles, their strategy appears to focus on buyout strategies within private markets, primarily within the United States. They charge fees on a percentage-of-AUM basis and are not active ESG investors.