What Aksia does

Aksia is a 100% employee-owned, SEC-registered institutional investment advisory firm founded in 2007 and headquartered in New York. The firm specializes in alternative investments across four core asset classes — Private Credit ($124bn), Hedge Funds ($74bn), Private Equity ($117bn), and Real Assets ($64bn) — supervising $379bn in total assets ($341bn AUA and $38bn AUM) as of April 30, 2026. Aksia serves sophisticated institutional investors including public pension plans, endowments, foundations, family offices, insurance companies, sovereign wealth funds, and superannuation funds, providing a spectrum of services from non-discretionary advisory to fully discretionary portfolio management.

The firm's core proprietary technology is the MAX Platform, a unified operating system for alternatives that integrates manager research, portfolio reporting, risk transparency, and customizable analytics. The platform houses 3,700+ Investment Due Diligence (IDD) reports, an operational due diligence database, performance and cashflow reporting tools, LPA/PPM reviews, pan-alts aggregation, and advanced analytics. Aksia deploys 410+ professionals globally (160+ investment professionals, 40+ operational due diligence professionals, 70+ client operations and accounting professionals) across 9 offices in New York, London, Tokyo, Hong Kong, San Diego, Chicago, Dubai, and Athens, with regulatory authorization from the SEC and the UK Financial Conduct Authority.

Aksia generates revenue through advisory fees and management fees tied to assets under advisement and assets under management. The firm operates a direct enterprise field sales model, building relationships through professional networks, consulting firm referrals, and industry conferences. Growth has been augmented by acquisitions of TorreyCove Capital Partners (2020) and Alignium LLC, and the firm has extended its reach through partnerships such as the AC Private Markets platform with Calamos Investments. The firm is currently the subject of a pending 2021 complaint related to alleged advice provided to the Pennsylvania State Education Retirement System (PSERS), which represents a notable litigation and reputational risk.

Name

Aksia

Legal name

Aksia LLC

Website

https://aksia.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

Aksia is a 100% employee-owned institutional investment advisory firm providing alternative investment research, portfolio advisory, and discretionary management across private credit, hedge funds, private equity, and real assets to global pensions, endowments, family offices, and sovereign wealth funds.

Ownership category

akta.pro rank

Product category

Institutional Investment Advisory

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industries

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Alternative investment research
• Institutional investment advisory
• Private credit research
• Hedge fund advisory
• Portfolio construction services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Advisory and Portfolio Management Services: Aksia generates revenue through advisory fees and management fees based on assets under advisement (AUA) and assets under management (AUM). As of April 30, 2026, the firm has $341bn in AUA and $38bn in AUM. The firm provides both discretionary and non-discretionary advisory services to institutional clients across private credit, hedge funds, private equity, and real assets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Aksia provides institutional investment advisory and portfolio management services across four alternative asset classes—private credit, hedge funds, private equity, and real assets—totaling $379bn in assets under supervision. Services include manager sourcing, investment and operational due diligence, portfolio construction, risk transparency, pacing/cashflow modeling, and discretionary or non-discretionary management, delivered through dedicated relationship teams and supported by the proprietary MAX Platform.

Product overview

Aksia is an investment management and advisory firm specializing in alternative investments for institutional investors. The company's primary product is the MAX Platform, a unified operating system that integrates research, risk, and portfolio management capabilities. Aksia covers four main asset classes: Private Credit ($124bn), Hedge Funds ($74bn), Private Equity ($117bn), and Real Assets ($64bn), totaling $379bn in assets under supervision. The firm provides services ranging from advisory to discretionary management across primaries, co-investments, secondaries, and separately managed accounts (SMAs), with the MAX Platform serving as the central technology hub for all research, reporting, and analytics needs.

Differentiator

Problem solved

Functional benefit

Brands

• AC Private Markets: Private markets platform offered in partnership with Calamos Financial Services LLC as the distributor.
• MAX Platform

Products and services

• MAX Platform The Unified Operating System for Alternatives that integrates manager research, portfolio reporting, risk transparency, and flexible analytics into a single platform. Built by Aksia's technology team and used by Aksia professionals; provides clients access to 3,700+ IDD reports, peer group analysis, advanced risk and quantitative analytics, cashflow and liquidity tracking, LPA/PPM reviews, responsible investing reporting, pan-alts aggregation, and customizable alerts.
• Investment Advisory Services (Non-Discretionary and Discretionary) Customized alternative investment advisory covering $341bn AUA and $38bn AUM across private credit, hedge funds, private equity, and real assets, with governance models ranging from non-discretionary advisory to discretionary management, including portfolio construction, pacing modeling, and risk transparency.
• Operational Due Diligence Services An investigative operational due diligence function employing 40+ specialists, producing 3,700+ IDD reports focused on manager alignment, conflicts of interest, firm culture, operational risk, fraud risk, and structural foundations of alternative investment managers.
• Private Markets Private Credit Research & Advisory Specialized research and advisory in private credit spanning $124bn in coverage, including direct lending, specialty finance, structured credit, and real assets credit across 60+ distinct strategies. Includes deal-level underwriting across primaries, co-investments, and secondaries.

Named customers1 record

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Calamos InvestmentscoreStrategic or Co-development Partner · 1 May 2026Aksia partnered with Calamos Investments to provide private markets investment capabilities. Under CEO John Koudounis' leadership, Calamos expanded its investment offerings to include ETFs with Bitcoin exposure, laddered autocallables, and private markets through the Aksia partnership. Calamos celebrated crossing $50 billion in Assets Under Management.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Meketa Investment Group: Meketa provides investment consulting, OCIO, and alternatives advisory to pensions, endowments, foundations, and insurance clients. It is a direct peer that competes with Aksia for institutional mandates, particularly with public pensions.
• RVK Inc. RVK is an independent investment consultancy serving public pensions, endowments, and foundations with asset allocation, manager research, and alternatives advisory. It is a direct mid-sized peer to Aksia in the institutional consulting space.
• Albourne Partners: Albourne is a global alternatives-focused investment consultant serving pensions, endowments, foundations, and family offices with manager research, due diligence, and monitoring. It is a direct peer to Aksia in alternatives research and ODD services.
• StepStone Group: StepStone provides private markets advisory, co-investment, secondaries, and OCIO services to institutional investors. It is a direct competitor in alternatives research and portfolio construction for pensions and endowments and is one of the few publicly listed pure-play alternatives advisory firms.
• Cambridge Associates: Cambridge Associates provides investment research, OCIO, and alternatives advisory to endowments, foundations, and pensions globally. It is the most direct peer to Aksia in terms of institutional client base, alternatives research focus, and discretionary/OCIO offerings.
• Cliffwater LLC: Cliffwater provides institutional investment advisory, private credit, private equity, and hedge fund research. It is a direct peer to Aksia, with a particular focus on private credit and alternatives due diligence.

Broad incumbents

• Aon (Investment Consulting): Aon's investment consulting segment advises pensions, endowments, and other institutions on asset allocation and manager selection, including alternatives. As a global broad incumbent, Aon competes with Aksia on large multi-asset mandates and alternatives advisory.
• Wilshire Associates: Wilshire provides investment consulting, OCIO, and alternatives research to institutional investors. It is a broad incumbent that overlaps with Aksia in alternatives advisory and pension/endowment consulting.
• Mercer Investments: Mercer's investment consulting business provides institutional investors with alternatives advisory, manager research, and OCIO services. It is a scaled broad incumbent that competes with Aksia in pension and endowment mandates while offering additional non-alternatives advisory.

Emerging players

• Verus (formerly Russell Investments OCIO): Verus is an independent investment consultancy providing OCIO, asset allocation, and alternatives advisory to institutional investors. It is an emerging direct peer competing with Aksia in the OCIO and institutional consulting space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments3 records

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

Frequently asked questions about Aksia