AIR Asset Management
AIR Asset Management is a Chicago-based SEC-registered alternative investment manager offering multi-strategy private funds in life settlements, structured settlements, private credit (via Kerberos), and pre-IPO AI venture to qualified institutional, RIA, family office, and HNW investors.
- Company typePrivate
- Founded2014
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What AIR Asset Management does
AIR Asset Management is a Chicago-based, SEC-registered alternative investment manager (operating as Alternative Investment Resource LLC) founded in 2014 that builds and manages multi-strategy private fund vehicles for qualified investors. The firm's platform spans four core strategies: life settlements (institutional exposure to longevity-linked life insurance portfolios, with 800+ policies and $1.3B aggregate death benefit under management), structured settlements (annuity-based income streams), private credit/law firm lending (delivered via a strategic partnership with Kerberos Capital Management, achieving ~16% annualized net returns since January 2022 inception), and private equity growth & venture (including the AIR Nova Strategy targeting pre-IPO AI companies). Fund structures include both open-ended/evergreen and closed-end vehicles, with products gated to Qualified Purchasers under the Investment Advisers Act of 1940 and a $250,000 minimum investment.
The firm invests primarily through direct relationships with institutions, RIAs, family offices, and high-net-worth individuals, complemented by an annual Private Life Settlement Symposium and participation in industry conferences (Longevity & Mortality Investor Conference, ADISA, Opal Group). AUM has grown from over $500M in January 2022 to approximately $700M as of January 2026. The team is led by Founder & CEO Richard Beleutz and CIO Stephen Luongo, with verticals in underwriting, valuation, investor relations, and business development; the firm holds the AIR Asset Management® trademark and became a UN PRI signatory in October 2019. Revenue derives from management fees and performance fees on advised private funds, with supporting infrastructure including an Intralinks-based investor portal for reporting and investor relations.
AIR Asset Management firmographics
Firmographics- Name
- AIR Asset Management
- Legal name
- Alternative Investment Resource LLC
- Website
- https://airassetmanagement.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AIR Asset Management is a Chicago-based SEC-registered alternative investment manager offering multi-strategy private funds in life settlements, structured settlements, private credit (via Kerberos), and pre-IPO AI venture to qualified institutional, RIA, family office, and HNW investors.
- Ownership category
- akta.pro rank
AIR Asset Management industry classification
Industry- Product category
- Alternative Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Financial Vehicles (52599)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)
- akta.pro secondary industry
- Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)
Keywords
Where AIR Asset Management is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
AIR Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Investment Advisory Services: AIR Asset Management operates as a registered investment adviser with the SEC, providing investment advisory services through written agreements with clients. Services are delivered after the delivery of required disclosure documents including Form ADV Part 1A and Form ADV Part 2A/B.
- Alternative Asset Management Fees: The firm generates revenue through management fees and potentially performance fees from managing private funds including life settlement funds, structured settlement strategies, private credit, and private equity products. Fund structures include both open-ended (including evergreen) and closed-end vehicles.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Qualified Purchaser Minimum Investment |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
AIR Asset Management product offering
Product offeringCore offering
AIR Asset Management is an SEC-registered investment adviser that structures, acquires, and manages alternative investment products spanning longevity-linked assets (life settlements and structured settlements), private credit (law firm lending via Kerberos Capital Management), and private equity growth & venture strategies (including the AIR Nova pre-IPO AI strategy). Funds are offered in both open-ended (including evergreen) and closed-end structures to qualified purchasers, institutions, RIAs, family offices, and high-net-worth investors with a $250,000 minimum investment.
Product overview
AIR Asset Management is a diversified alternative asset manager offering a multi-strategy investment platform that spans both open-ended (including evergreen) and closed-end fund structures. The platform consists of four core investment strategies: Life Settlements (institutional exposure to longevity-linked life insurance portfolios), Structured Settlements (income-oriented annuity-based payment streams), Private Credit/Legal Finance (law firm lending through partnership with Kerberos Capital Management), and Private Equity - Growth & Venture (including the AIR Nova Strategy for pre-IPO AI exposure). The flagship multi-strategy approach combines these asset classes to deliver differentiated, non-correlated returns. The firm also provides an investor portal for client access.
Differentiator
Problem solved
Functional benefit
Brands
- AIR Nova Strategy: AIR Nova Strategy is AIR Asset Management's private AI investment strategy focused on investing in late-stage, growth-oriented private technology and artificial intelligence companies. The strategy seeks to provide qualified investors with curated exposure to companies operating across the AI value chain, including infrastructure, models, and application-layer technologies.
Products and services
- Multi-Strategy Alternative Investment Platform Flagship alternative investment platform combining open-ended (including evergreen) and closed-end fund structures across AIR's four core strategies for qualified purchasers.
- Life Settlements Actively managed portfolios of life insurance policies providing institutional investors with longevity-linked return potential and historically low correlation to traditional asset classes. Includes a portfolio of 800+ policies with $1.3B aggregate death benefit.
- Structured Settlements Income-oriented alternative investments focused on contractual cash flows from annuity-based payment streams backed by highly rated insurance companies.
- Private Credit (Legal Finance) Specialized private credit exposure through direct lending to established law firms with diversified portfolios of cases and contractual fee receivables, delivered via strategic partnership with Kerberos Capital Management.
- Private Equity – Growth & Venture Curated exposure to select private market growth opportunities across innovation-driven sectors for qualified investors.
- AIR Nova Strategy (Pre-IPO AI) Private AI investment strategy focused on late-stage, growth-oriented private technology and artificial intelligence companies across the AI value chain (infrastructure, models, application-layer).
Quantifiable outcome
- Life settlement policies typically pay out 5x the cash surrender value, with LISA reporting members paid approximately $626.6 million to consumers in 2025 (nearly 9x CSV)
- +2 more outcomes
Companies that use AIR Asset Management
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
AIR Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AIR Asset Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Kerberos Capital ManagementcoreAIR announced strategic partnership with Kerberos Capital Management, a specialized private credit asset manager that specializes in direct lending to law firms. Kerberos serves as sub-advisor for AIR's legal finance strategy, providing expertise in law firm lending and legal finance underwriting. The partnership enables AIR to enhance its multi-strategy investment product through adding a legal finance asset allocation. Kerberos team is led by Joe Siprut, a nationally recognized attorney who founded the firm, with extensive relationships in plaintiff's bar and law firm lending space. Kerberos was previously recognized by Private Debt Investor as Top 3 Global Newcomers in private debt fund category.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
AIR Asset Management competitors and assessment
Company assessmentEmerging players
- Tiedemann Advisors: Tiedemann Advisors is a multi-family office and alternatives platform that includes niche alternative mandates (including longevity-linked exposure) for HNW clients, comparable in target investor profile to AIR.
Broad incumbents
- Burford Capital: Burford Capital is the largest publicly traded legal finance/alternative litigation finance manager, directly comparable to AIR's Kerberos-partnered law firm lending strategy but operating at materially larger scale.
- Grosvenor Capital Management: Grosvenor is a multi-strategy alternatives manager with dedicated longevity/life settlement capabilities, providing a scaled peer benchmark for AIR's multi-strategy, multi-channel approach to family offices and institutions.
- Omni Bridgeway: Omni Bridgeway is a global incumbent in legal finance with diversified litigation and arbitration funding; comparable to AIR's private credit/legal finance strategy on the asset class side while serving larger institutional channels.
Direct peers
- Longevity Asset Advisors: Longevity Asset Advisors manages institutional life settlement funds for family offices and institutions, directly competing with AIR for the same Qualified Purchaser investor base and longevity-linked mandate.
- Moss Capital Partners: Moss Capital is a registered investment adviser that builds and manages structured products backed by life insurance and longevity assets, overlapping with AIR's life settlement and structured settlement strategies.
- GWG Holdings (now BeneSys): GWG Holdings was a publicly traded life insurance and life settlement investment platform that raised institutional capital to purchase life insurance policies, the closest publicly observable analog to AIR's life settlement strategy before its 2022 Chapter 11.
- Coventry First: Coventry First is a leading life settlement provider and broker that has historically served as both originator and a competitor to institutional managers building life settlement books, making it directly comparable to AIR's life settlement strategy.
Others
- Calamos Investments: Calamos is an alternatives manager that distributes multi-strategy and private market products through RIA and family office channels; relevant peer for AIR's RIA distribution model and product positioning, with Taylor Garvey's prior experience there.
- GCM Grosvenor: GCM Grosvenor is a global multi-asset and alternatives investment solutions firm that sources and builds custom alternative investment programs for institutions and HNW investors, directly comparable to AIR's fund structuring, consultant relations, and RIA-focused distribution approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
AIR Asset Management social profiles
Digital presenceAIR Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
AIR Asset Management leadership team
Management profileNumber of profiles
Profiles10 records
AIR Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AIR Asset Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AIR Asset Management
What does AIR Asset Management do?
AIR Asset Management is an SEC-registered investment adviser that structures, acquires, and manages alternative investment products spanning longevity-linked assets (life settlements and structured settlements), private credit (law firm lending via Kerberos Capital Management), and private equity growth & venture strategies (including the AIR Nova pre-IPO AI strategy). Funds are offered in both open-ended (including evergreen) and closed-end structures to qualified purchasers, institutions, RIAs, family offices, and high-net-worth investors with a $250,000 minimum investment.
Is AIR Asset Management a public or private company?
AIR Asset Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was AIR Asset Management founded?
AIR Asset Management was founded in 2014. It employs 11 to 50 people.
Where is AIR Asset Management based?
AIR Asset Management is headquartered in Chicago, United States, in the North America region.
How does AIR Asset Management make money?
Two revenue lines are on record. Investment Advisory Services are the primary driver. The others are alternative Asset Management Fees.
Who are AIR Asset Management's main competitors?
Tiedemann Advisors is listed as an emerging player. Broad incumbents are Burford Capital, Grosvenor Capital Management and Omni Bridgeway. Direct peers are Longevity Asset Advisors, Moss Capital Partners, GWG Holdings (now BeneSys) and Coventry First. Others are Calamos Investments and GCM Grosvenor.
Does AIR Asset Management have an API?
No public API is recorded for AIR Asset Management.
What industry is AIR Asset Management in?
AIR Asset Management's product category is Alternative Asset Management. Its primary akta.pro industry code is FSAAAJAJ, Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns), with a secondary code of FSAAABAD, Advisory Portfolio Management (Non-Discretionary). Its NAICS code is 523940 and its SIC code is 6282.