Hatteras Funds

What Hatteras Funds does

Hatteras Funds (legal entity Hatteras Investment Partners) is a privately held, Raleigh, North Carolina-based boutique alternative investment manager founded in 2002. The firm operates a small platform (11–50 employees) centered on private-markets fund vehicles—Core Alternatives Fund, Evergreen Private Equity Fund, Hatteras Private Markets Plus Fund, and Lower Middle Market Buyouts Fund—offering qualified and institutional investors exposure to alternative strategies beyond traditional stocks and bonds, with an explicit diversification and lower-correlation value proposition.

The business model is a classic alternative asset manager: revenue is generated through management fees (and potentially performance/carried interest) on closed-end and evergreen fund structures, distributed on a subscription/recurring basis. Securities are placed through Hatteras Capital Distributors, LLC, a FINRA/SIPC-registered broker-dealer under common control, which provides a controlled, regulated channel into the registered investment advisor (RIA) and financial-advisor community. Customer segments are high-net-worth investors seeking alternatives and the financial advisors/RIAs who allocate client capital to those vehicles; the GTM motion is exclusively channel-partner-led via these financial professionals, supported by an advisor login portal, an investor portal, direct phone and email support, and FINRA Broker Check verification.

Underlying technology is an alternative-investment fund-management platform with no disclosed proprietary AI or data components. The firm operates from a single U.S. headquarters (PO Box 98056, 8510 Colonnade Center Drive, Suite 150, Raleigh, NC). It is currently the subject of material legal proceedings: a Delaware court approved a lawsuit tied to a failed $305 million asset sale that generated a reported 98% investor loss, alongside a separate fiduciary-duty action. Revenue and AUM are not publicly disclosed; pricing (investment minimums, fee schedule) is not posted on the public site, with prospective investors directed to consult an investment professional.

Name

Hatteras Funds

Legal name

Hatteras Investment Partners

Website

https://hatterasfunds.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Hatteras Funds (Hatteras Investment Partners) is a Raleigh, NC-based boutique alternative investment manager founded in 2002 that operates private-markets funds for high-net-worth investors and financial advisors, distributing through its affiliated FINRA/SIPC broker-dealer.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)

akta.pro secondary industries

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL), Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Alternative investments
• Private equity funds
• Investment management
• Alternative asset management
• Fund management

Headquarters

HQ city

Raleigh

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel

Revenue model

1. Alternative Investment Fund Management: Hatteras Funds operates as an alternative investment manager offering private markets funds. Revenue is generated through management fees and potentially performance fees (carried interest) typical of alternative investment funds, structured as closed-end investment vehicles.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hatteras Funds is a boutique alternative investment manager that designs, issues, and manages private-markets investment funds — including the Core Alternatives Fund, Evergreen Private Equity Fund, Hatteras Private Markets Plus Fund, and Lower Middle Market Buyouts Fund — for qualified/high-net-worth investors. Funds are distributed exclusively through affiliated broker-dealer Hatteras Capital Distributors, LLC (FINRA/SIPC) and a network of financial advisors and RIAs, supported by an investor portal and dedicated advisor support services.

Product overview

Hatteras Investment Partners is an alternative investment management firm offering a platform of private markets investment products. The firm provides four distinct fund offerings: the Core Alternatives Fund and Evergreen Private Equity Fund (accessible via the main website navigation), plus the Hatteras Private Markets Plus Fund and Lower Middle Market Buyouts Fund (featured on the homepage). These funds are distributed to institutional and qualified investors through Hatteras Capital Distributors, LLC (member of FINRA/SIPC). The firm also provides investor-facing services including an online Investor Portal for account access and dedicated Advisor Support for financial professionals.

Differentiator

Problem solved

Functional benefit

Brands

• Core Alternatives Fund: Multi-strategy alternative investment fund
• Evergreen Private Equity Fund
• Hatteras Private Markets Plus Fund
• Lower Middle Market Buyouts Fund

Products and services

• Core Alternatives Fund A multi-strategy alternative investment fund providing diversified exposure to alternative asset classes for institutional and qualified investors.
• Evergreen Private Equity Fund A private equity fund offering an evergreen structure for long-term investment in private companies.
• Hatteras Private Markets Plus Fund A private markets investment fund designed to provide access to alternative investments with enhanced diversification.
• Lower Middle Market Buyouts Fund A fund focused on buyout investments in the lower middle market segment of private equity.
• Investor Portal Online portal for investors to access account information, statements, and investment reports.
• Advisor Support Service Support services and infrastructure for financial advisors managing client investments in Hatteras funds, including account login and request-account workflows.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Hatteras Capital Distributors, LLCcoreChannel Partner/ Reseller/ DistributorSecurities distribution arm and affiliated broker-dealer entity. Member of FINRA/SIPC. Located at 8510 Colonnade Center Drive, Suite 150, Raleigh, NC 27615-3050. Common control/ownership with Hatteras Investment Partners.

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Direct peers

• StepStone Group: Multi-manager private markets platform providing diversified PE, private credit, and real assets funds to institutional and intermediary clients. Directly comparable as a fund-of-funds/private markets multi-manager model with strong advisor and intermediary distribution.
• Hamilton Lane: Private markets investment manager offering fund-of-funds, co-investments, and separate accounts to a broad client base. Comparable alternative investment manager with multi-manager structures targeting HNW and institutional channels.
• iCapital Network: Tech-enabled alternative investment platform providing HNW investors and their advisors access to private equity, private credit, and hedge funds. Directly comparable as an alternatives intermediary/distributor with evergreen-style offerings for the advisor channel.
• CAIS: Alternative investment platform providing independent advisor and HNW investor access to private equity, private credit, hedge funds, and structured notes. Comparable as an alternatives access/distribution platform serving the RIA community.

Broad incumbents

• Blackstone (Alternative Asset Management): Largest global alternatives manager with broad PE, credit, real estate, and hedge fund offerings. Overlaps with Hatteras in providing multi-manager alternatives to HNW investors but at vastly greater scale and brand recognition.
• KKR: Global alternatives platform spanning PE, credit, real assets, and capital markets. Compares as a broad incumbent in alternative investments offering both direct and feeder/structured solutions to wealth channels.
• Ares Management: Major alternative investment manager with significant private credit, PE, real estate, and secondaries franchises. Comparable as a broad incumbent in alternatives with growing wealth-channel distribution of evergreen funds.
• Carlyle Group: Global alternative asset manager across PE, credit, and real assets with established intermediary and wealth distribution. Compares as a broad incumbent offering diversified alternatives to HNW and advisor channels.
• Brookfield Asset Management: Large global alternatives manager with growing wealth-solutions business offering evergreen private funds to advisors and HNW investors. Broad incumbent competitor in the multi-manager alternatives space.
• Goldman Sachs Asset Management (Alternatives): Major asset manager with significant alternatives platform including private credit, PE, and multi-strategy funds marketed to wealth and institutional clients. Broad incumbent competitor for alternatives distribution via advisors.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hatteras-funds

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hatteras Funds