XALTS
XALTS is a Seed, Series A, Series B, Series C+ and buyout fund in Global investing in Developer Tools, private-equity, private-credit and real-estate.
- Stages
- Seed, Series A, Series B, Series C+, buyout
- Sectors
- Developer Tools, private-equity, private-credit, real-estate
- Invests in
- Global
- Round role
- Follows on
- Actively investing
- Yes
- Founded
- 1996
- Assets under management
- $20B+
- Website
- xponance.com
Check size not disclosed
Thesis
Xponance Alts Solutions (XAlts), a subsidiary of Xponance LLC, focuses on GP capital solutions by acquiring non-control, minority equity interests in the management companies of alternative asset managers. This strategy provides exposure to management fee economics, carried interest, and balance sheet appreciation, differentiating it from traditional LP fund commitments. XAlts targets emerging managers across the GP lifecycle, from first-time funds to those seeking expansion, and aims to partner with diverse and/or women-led GPs. Xponance LLC manages over $20 billion in AUM. Fund I for XAlts is nearly fully invested, with a successor fund anticipated. While specific check sizes are not detailed, they provide tailored capital for emerging GPs and target managers with up to $4 billion in AUM. The firm is headquartered in Philadelphia, PA, and was founded as part of Xponance LLC in 1996.
Common questions
Does XALTS invest at the Seed stage?
Yes. XALTS lists Seed, Series A, Series B, Series C+ and buyout among the stages it invests in.
Where does XALTS invest?
XALTS invests in Global.