Kendall Investments

What Kendall Investments does

Kendall Investments is a privately held investment firm founded in 2004 and headquartered in Cambridge, Massachusetts. The firm operates as a boutique private equity platform serving institutional investors, financial advisors, and high-net-worth individuals, offering access to private market opportunities across buyouts, growth capital, venture capital, distressed/special situations, and sustainable infrastructure. Since 2004, Kendall has built a track record of long-term private investment returns and is led by Managing Director Ken Lehman, who joined at inception, and Erik Bullerjahn, who joined in 2006 to lead investment research, due diligence, and investor relations.

Kendall's product surface comprises three interconnected offerings: the Private Equity Access Fund (PEAF) program, which builds diversified portfolios of leading global private equity opportunities; a Private Equity Secondaries desk, which sources secondary limited partnership interests, co-investments, and secondary direct investments to address portfolio rebalancing and liquidity needs; and Kendall Sustainable Infrastructure, an adjacent subsidiary delivering long-term, tax-efficient yield from global sustainable infrastructure projects. Together these products span the full private equity lifecycle, from primary fund commitments through secondary liquidity solutions to real-asset yield.

The firm distributes through direct, relationship-based channels — private funds, special purpose vehicles, co-investments, and direct private investments — targeting enterprise/institutional buyers and qualified individuals globally. Revenue is generated through fund management fees, carried interest, and investment returns on deployed capital, with terms negotiated individually with investors; no pricing or AUM is publicly disclosed. Kendall has two named principals, no disclosed external investors or parent company, and no digital or technology product stack beyond a corporate website.

Name

Kendall Investments

Legal name

Kendall Investments, LLC

Website

https://kendallinvestments.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Kendall Investments is a Cambridge, Massachusetts-based private equity boutique founded in 2004, serving institutions, advisors, and high-net-worth individuals globally across private equity, secondaries, and sustainable infrastructure strategies.

Ownership category

akta.pro rank

Product category

Private Equity Management

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Equity Buyout Fund-of-Funds (FSANAGAD)

akta.pro secondary industry

Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI)

Keywords

• Private equity funds
• Investment management
• Private equity secondaries
• Sustainable infrastructure investing
• Alternative asset management

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Private Equity Investment Management: Kendall Investments generates returns by investing capital in private equity opportunities including buyouts, growth capital, venture capital, distress/special situations, and infrastructure. Revenue is derived from fund management, carried interest, and investment returns.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Kendall Investments is a private investment firm that manages private equity funds across three core strategies: global private equity (delivered through the Private Equity Access Fund program), private equity secondaries, and sustainable infrastructure. The firm invests globally across buyouts, growth capital, venture capital, distress/special situations, and real assets on behalf of institutions, advisors, and individuals.

Product overview

Kendall Investments operates as a private equity investment firm offering three interconnected investment products: the Private Equity Access Fund (PEAF) program that builds diversified portfolios of leading global private equity opportunities; Private Equity Secondaries providing secondary market transaction capabilities for limited partnership interests, co-investments, and direct investments; and Kendall Sustainable Infrastructure delivering long-term tax-efficient yield from sustainable infrastructure projects. Together, these products enable the firm to invest across the full private equity spectrum including venture capital, growth, buyouts, distress, special situations, and real assets for institutional and individual clients.

Differentiator

Problem solved

Functional benefit

Brands

• Private Equity Access Fund (PEAF): Program that builds diversified portfolios of the world's leading private equity investments, including buyouts, growth capital, venture capital, distressed/special situations, sustainable infrastructure and related opportunities.
• Kendall Sustainable Infrastructure

Products and services

• Private Equity Access Fund (PEAF) A fund program that builds diversified portfolios of the world's leading private equity, investing in buyouts, growth capital, venture capital, distressed/special situations, and sustainable infrastructure. Designed for institutional and individual investors seeking diversified exposure to private equity.
• Private Equity Secondaries Secondary private equity and venture capital transactions including limited partnership interests, co-investments, and secondary direct investments. Provides solutions for parties seeking to re-allocate, close out, or liquidate their private equity holdings.
• Kendall Sustainable Infrastructure A sustainable infrastructure investment platform offering long-term, tax-efficient yield from sustainable infrastructure projects, investing globally across real assets.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Ardian: Major global PE secondaries, fund-of-funds, co-investment, and infrastructure investor. Closely comparable to Kendall across all three product pillars — primary PE FoF, secondaries, and sustainable infrastructure.
• StepStone Group: Publicly listed PE FoF, secondaries, co-investment, and infrastructure advisory/management firm. Closely aligned with Kendall's product breadth across primary, secondary, and real asset strategies.
• Commonfund: Investment firm serving institutional and HNW clients with PE, venture, real assets, and alternatives mandates. Comparable in serving endowments, foundations, and HNW with diversified PE exposure through FoF structures.
• Lexington Partners: One of the largest independent PE secondaries and fund-of-funds specialists globally. Directly comparable to Kendall's secondaries and PEAF strategies across manager selection, secondary LP interest acquisition, and diversified PE portfolio construction.
• HarbourVest Partners: Large PE fund-of-funds and secondaries manager serving institutional and HNW clients. Directly comparable to Kendall's PEAF-style diversified primary access program and secondary transaction capabilities.
• Pantheon Ventures: Long-established PE fund-of-funds and co-investment manager serving institutional clients. Comparable to Kendall's PEAF primary access program and global private equity mandate.
• Grosvenor Capital Management: Diversified alternative asset manager with strong PE FoF and secondaries franchises serving institutional and HNW investors. Comparable in product mix and multi-channel distribution.

Broad incumbents

• Blackstone: Largest global alternative asset manager with broad PE, infrastructure, and secondaries capabilities. Kendall operates in adjacent categories but at dramatically smaller scale; useful as an incumbent benchmark for product breadth and infrastructure strategy.
• Neuberger Berman: Large diversified asset manager with a substantial private equity FoF and secondary investment business alongside many other strategies. Comparable capability set but operates as a broad incumbent rather than a PE specialist.

Emerging players

• Industry Ventures: Specialist in venture capital secondaries, fund-of-funds, and direct VC. Partial overlap with Kendall's secondary LP interest transactions, particularly in the venture subset of the strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/kendall-investments

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Kendall Investments