Privacore Capital
Privacore Capital is a New York-based, Janus Henderson-affiliated open-architecture provider and consultant that delivers interval fund alternative investment products — AltsGrow (private equity) and AltsABF (private asset-backed credit) — to high-net-worth investors via financial advisors, RIAs, private banks, and family offices.
- Company typePrivate
- Founded2023
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Privacore Capital does
Privacore Capital is a New York-headquartered, open-architecture provider and consultant for alternative investment products established in 2023 as a joint venture with Janus Henderson, in which Janus initially holds a minority stake with a defined path to majority control. The firm is purpose-built to bring institutional-quality alternative investments to Private Wealth clients and the financial advisors, RIAs, private banks, and family offices that serve them, addressing a $12 trillion alternatives market expected to roughly double over the next five years. Its core technology is operational and structural rather than proprietary software, focused on manager research, product structuring, placement, and ongoing client servicing across the fund lifecycle.
Privacore's product surface currently centers on two registered interval funds: AltsGrow, a growth-oriented private equity fund sub-advised by Partners Capital Investment Group; and AltsABF (Privacore VPC Asset Backed Credit Fund), a private asset-backed credit fund sub-advised by Victory Park Capital, which secured over $250 million in initial deployable seed capital from CNO Financial Group and Corbin Capital Partners. Both products are structured with daily subscriptions, quarterly repurchases at NAV, and 1099-DIV tax reporting to lower friction for private wealth investors.
Revenue is generated through investment advisory fees on fund AUM, sub-advisory arrangements with Partners Capital and Victory Park Capital, and placement and distribution services for General Partners seeking Private Wealth access. Distribution combines a dedicated regional field sales organization covering eight US territories plus a London presence, with formal fund distribution through Janus Henderson Distributors US LLC and direct engagement of private banks, RIAs, and family offices.
Privacore Capital firmographics
Firmographics- Name
- Privacore Capital
- Legal name
- Privacore Capital, LLC
- Website
- https://privacorecapital.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Privacore Capital is a New York-based, Janus Henderson-affiliated open-architecture provider and consultant that delivers interval fund alternative investment products — AltsGrow (private equity) and AltsABF (private asset-backed credit) — to high-net-worth investors via financial advisors, RIAs, private banks, and family offices.
- Ownership category
- akta.pro rank
Privacore Capital industry classification
Industry- Product category
- Alternative Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Investment Management Advisory (RIA) (FSAEAAAB)
- akta.pro secondary industries
- Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
Keywords
Where Privacore Capital is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Privacore Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Infrastructure, Technology or R&D
Revenue model
- Investment Advisory Fees: Privacore Capital serves as investment adviser to funds like AltsABF and AltsGrow, earning management fees. Privacore Capital Advisors, LLC is the investment adviser to the Privacore VPC Asset Backed Credit Fund (AltsABF).
- Sub-advisory Services Revenue: The firm generates revenue through sub-advisory relationships with Partners Capital for AltsGrow and Victory Park Capital for AltsABF, where Privacore oversees day-to-day management and operations while partners handle portfolio management.
- Placement and Distribution Services: Privacore provides placement services, product structuring, marketing, and sales support for General Partners (GPs) looking to serve Private Wealth clients, generating fees for facilitating capital raising.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Privacore Capital product offering
Product offeringCore offering
Privacore Capital is an open-architecture provider and consultant for alternative investment products tailored to Private Wealth clients. The firm manages and distributes registered interval funds including AltsGrow, a private equity interval fund structured for capital appreciation, and AltsABF (Privacore VPC Asset Backed Credit Fund), an asset-backed credit interval fund seeking high current income. The firm serves as investment adviser to these funds, partners with sub-advisers (Partners Capital and Victory Park Capital), and leverages Janus Henderson's distribution network to reach financial advisors, RIAs, private banks, and family offices.
Product overview
Privacore Capital operates as an open-architecture provider of alternative investment products tailored to Private Wealth clients. The company offers two primary fund products: (1) AltsGrow - a core, foundational private equity interval fund structured for capital appreciation through diversified private equity investments managed in partnership with Partners Capital; and (2) AltsABF - a private asset-backed credit interval fund sub-advised by Victory Park Capital, seeking high current income through diversified credit instruments backed by physical, financial, and intellectual assets. Both products are structured as registered interval funds with quarterly redemption features, designed to provide institutional-quality alternative investment access to private wealth investors and financial advisors.
Differentiator
Problem solved
Functional benefit
Brands
- AltsGrow: A core, foundational, growth-oriented fund that aims to provide capital appreciation through investments primarily made in Private Equity. Single access point to a diversified set of companies managed by top-tier fund managers.
- AltsABF
Products and services
- AltsGrow (Privacore PCAAM Alternative Growth Fund) A core, foundational, growth-oriented interval fund designed to provide capital appreciation through investments primarily made in Private Equity. Provides single-ticket access to a diversified set of companies managed by top-tier fund managers with demonstrated track records of operational value creation. Sub-advised by Partners Capital Investment Group. Designed for Private Wealth clients and Financial Advisors seeking diversified private equity exposure with interval fund liquidity (quarterly redemptions at NAV).
- AltsABF (Privacore VPC Asset Backed Credit Fund) A registered interval fund seeking high income potential through a diversified portfolio of private asset-backed credit instruments collateralized by physical, financial, or intellectual assets. Sub-advised by Victory Park Capital, targeting consumer credit, small business financing, real estate, legal credit, and physical assets. Available in multiple share classes (Class I ABFIX, Class D ABFDX, Class S ABFSX) with daily subscriptions, quarterly redemptions at NAV, and 1099-DIV tax reporting. The fund is the first registered interval fund focused on private asset-backed credit.
Quantifiable outcome
- Access to $12 trillion alternative investment market growing to ~$24 trillion
- +1 more outcomes
Companies that use Privacore Capital
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Privacore Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Privacore Capital partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered flagship, minor and core.
- Victory Park CapitalflagshipVictory Park Capital (VPC) serves as sub-adviser to the Privacore VPC Asset Backed Credit Fund (AltsABF), handling portfolio management, investment selection, and risk management. VPC, founded in 2007 and headquartered in Chicago, specializes in private asset-backed finance and became a majority-owned affiliate of Janus Henderson in 2024. VPC has invested more than $11.6 billion across over 240 investments since inception.
- U.S. Bank Global Fund ServicesminorU.S. Bank Global Fund Services serves as the administrator for the Privacore VPC Asset Backed Credit Fund (AltsABF), providing fund administration services.
- Partners CapitalcorePartners Capital Investment Group, LLP serves as sub-adviser to the Privacore PCAAM Alternative Growth Fund (AltsGrow), providing institutional-quality private equity exposure. Founded in 2001, Partners Capital is a global Investment Office with over $74 billion in AUM serving endowments, foundations, and family offices. The firm employs over 400 people including 180+ investment professionals across eight offices globally.
- Janus HendersonflagshipJanus Henderson formed a joint venture with Privacore Capital in June 2023, initially holding a minority stake with a defined path to control. The partnership aims to provide private wealth clients access to institutional-quality alternative investments. Janus Henderson provides distribution through its retail intermediary relationships while Privacore contributes its specialized expertise in serving the Private Wealth market.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Privacore Capital competitors and assessment
Company assessmentBroad incumbents
- StepStone Group: Large-scale private markets investment platform that has expanded into private wealth and intermediary distribution, competing for the same GP mandates and advisor relationships.
- Blackstone Private Wealth: Largest alternatives manager with an established global Private Wealth franchise (founded by Privacore CEO Brendan Boyle) that competes for the same HNWI and RIA capital with deeper AUM, brand, and product breadth.
Direct peers
- Moonfare: Digital alternatives platform offering curated private equity, private credit, and venture fund access to qualified individual investors and family offices across multiple geographies.
- iCapital Network: Leading open-architecture alternatives platform providing private market fund access to RIAs, family offices, and private wealth clients - directly competes with Privacore's distribution model and target advisor base.
- CAIS: Alts marketplace and feeder fund platform serving financial advisors with access to hedge funds, private equity, private credit, and structured products - same open-architecture RIA distribution thesis as Privacore.
- Yieldstreet: Income-focused alternatives platform providing access to private credit, real estate, and asset-backed investments for individual accredited and HNWI investors.
Others
- Partners Capital Investment Group: Sub-adviser to Privacore's AltsGrow fund with $74B AUM serving endowments, foundations, and family offices - a key GP partner and a comparable outsourced investment office model.
Emerging players
- Mercer Advisors: RIA and wealth manager that has built internal alternative investment solutions and manager research capabilities for its private wealth clients - adjacent in serving the same end market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Privacore Capital social profiles
Digital presencePrivacore Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Privacore Capital leadership team
Management profileNumber of profiles
Profiles10 records
Privacore Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Privacore Capital 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 Privacore Capital
What does Privacore Capital do?
Privacore Capital is an open-architecture provider and consultant for alternative investment products tailored to Private Wealth clients. The firm manages and distributes registered interval funds including AltsGrow, a private equity interval fund structured for capital appreciation, and AltsABF (Privacore VPC Asset Backed Credit Fund), an asset-backed credit interval fund seeking high current income. The firm serves as investment adviser to these funds, partners with sub-advisers (Partners Capital and Victory Park Capital), and leverages Janus Henderson's distribution network to reach financial advisors, RIAs, private banks, and family offices.
Is Privacore Capital a public or private company?
Privacore Capital is a private company. It is classified as corporate owned and is currently operating.
When was Privacore Capital founded?
Privacore Capital was founded in 2023. It employs 11 to 50 people.
Where is Privacore Capital based?
Privacore Capital is headquartered in New York, United States, in the North America region.
How does Privacore Capital make money?
Three revenue lines are on record. Investment Advisory Fees are the primary driver. The others are sub-advisory Services Revenue and placement and Distribution Services.
Who are Privacore Capital's main competitors?
Broad incumbents on record are StepStone Group and Blackstone Private Wealth. Direct peers are Moonfare, iCapital Network, CAIS and Yieldstreet. Partners Capital Investment Group is listed as an others. Mercer Advisors is listed as an emerging player.
Does Privacore Capital have an API?
No public API is recorded for Privacore Capital.
What industry is Privacore Capital in?
Privacore Capital's product category is Alternative Investment Management. Its primary akta.pro industry code is FSAEAAAB, Investment Management Advisory (RIA), with a secondary code of FSAEALAI, Institutional Capital Introduction (LP/Family Office/Endowment Matching). Its NAICS code is 523940 and its SIC code is 6282.