The Fund

Institutional Investment Strategy Fund

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Annualized return since inception

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Private markets allocation

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Annualized volatility since inception

Traditional vs. Endowment-style investing

Endowment-style investing is how multi-billion dollar university endowments have invested for decades. Now you can too.

Learn more about endowment-style investing
Traditional Endowment-style

Ivy Invest fund allocations as of

Fund Strategy

The Fund includes private markets investments that are typically available only to the wealthiest investors.

Now you can get exposure to those investments with an initial investment as low as $1,000.

Private Equity

Investments in the larger part of the economy that's not available in the stock market: privately-held companies.

Equities

Income

Diversifiers

Fund Liquidity

Investing in private markets used to require multi-year lockups. Ivy Invest is designed for long-term investors — but we know life happens, so our fund offers quarterly liquidity windows.

Learn more about what that means

Asset Managers

Every share has a cross-section of traditional and alternative investments in private equity, venture capital, private credit, real estate, infrastructure, special situations, hedge funds, public equities, and fixed income. We invest with top managers like Carlyle, Blue Owl, BC Partners, Golub, Rhumbline, and Hamilton Lane2 to offer an institutional-class portfolio.

  • Private Equity

    Carlyle AlpInvest

    Carlyle AlpInvest is one of the largest private equity managers in the world, with more than $100 billion of assets under management. For over 25 years, the firm has invested across private markets funds, secondary transactions, portfolio financings, and co-investments.

  • Private Equity, Private Infrastructure

    Hamilton Lane Private Assets

    Hamilton Lane is a global leader in private markets with over 30 years of experience managing and advising capital across private market funds, secondary transactions, and co-investments. The firm has $1 trillion in assets under management and supervision.

  • Hedge Funds, Public Equities

    Muddy Waters

    Muddy Waters is a hedge fund manager best known for its research-driven short selling strategies. It regularly publishes public due-diligence based reports on publicly-traded companies, detailing potential business fraud, accounting fraud, or other fundamental problems.

  • Public Equities

    RhumbLine Advisers

    Founded in 1990, RhumbLine Advisers is an investment firm specializing in managing index-based strategies. As Ivy Invest’s subadviser, Rhumbline manages the direct indexing portion of our public equities portfolio, helping to improve the overall portfolio’s tax efficiency.

  • Private Credit

    Golub Capital

    Golub Capital is a market leading private credit manager with over 30 years of experience and over $90 billion of assets under management. Golub primarily specializes in direct lending, a lending strategy that provides financing solutions to private equity owned companies.

  • Private Credit

    Variant Investments

    Variant Investments is an alternative credit investment manager focused on unconventional income-generating assets. The firm invests in niche market opportunities with strong cash flow characteristics and low correlations to public equity and bond markets.

  • Private Real Estate

    Blue Owl Real Estate

    Blue Owl is one of the world’s largest diversified private markets managers, with more than $300 billion under management. Blue Owl Real Estate specializes in triple net lease real estate with a focus on predictable current income and attractive risk-adjusted returns.

  • Special Situations

    BC Partners Credit

    BC Partners is a global private markets firm overseeing $40 billion across private equity and private credit. BC Partners Credit invests opportunistically across credit markets, including asset backed lending, bespoke lending to sponsor and non-sponsor owned middle market companies, and leveraged loans.

Fund Features

  1. Invest or rollover an existing retirement account

    If you have a 401(k) or IRA invested in just stocks & bonds, you could be earning more. We can help you rollover an existing account or open a new IRA.

  2. Designed for the long-term but with flexibility

    While the Fund is built for long-term investing, it offers peace-of-mind flexibility with 30-day, quarterly windows to sell your shares1.

  3. Founder shares for early birds

    Early investors have access to our Founder Class shares, which offer lower fees and expenses with a $10,000 minimum investment, or just $1,000 when you open an IRA or Roth IRA.

  4. Collective buying power means lower fees

    Pooling our investors' collective buying power allows us to purchase institutional share classes, which bear no sales loads and offer lower fees than what’s typically available to individual investors.

  5. Simple tax reporting

    At tax time, you’ll receive a 1099-DIV for easy and straightforward tax filing.

  6. Benefit from direct indexing and tax-loss harvesting

    Buying individual stocks of the S&P 500 enables us to harvest tax losses at the individual equity level. This tax efficiency can boost the Fund's after-tax returns.

Read the details

Quick facts

Fund Name
Institutional Investment Strategy Fund
Structure
Closed-end interval fund
Fees3
Founder Class 0.75% / Investor Class 1.00%
Minimum Investment
Founder Class $10,000 / Investor Class $1,000
Redemptions
Quarterly, up to 5% of outstanding shares
Custodian
Fifth Third Bank
Fund Administrator
MUFG Investor Services
Fund Ticker
Founder Class XIVYX / Investor Class IVYIX

Fund Oversight

The Fund is overseen by a Board of Trustees – the majority of whom are independent from Ivy Invest – and has an independent Chief Compliance Officer.

Brian O’Neil

Lead Independent Trustee

Brian O’Neil holds an M.B.A. from Columbia Business School and an A.B. from Princeton University. He brings over 40 years of experience across institutional investment management and financial services.

Experience

Mr. O’Neil recently retired as Chief Investment Officer of the Robert Wood Johnson Foundation, where he managed the Foundation’s $11.4 billion portfolio for 20 years. From 1980 to 2002, he held senior investment roles at Equitable Life Assurance Society (now AXA Equitable), becoming Deputy Chief Investment Officer in 1990 and Chief Investment Officer in 1992, including during the firm’s demutualization and initial public offering.

Ross Weiner

Independent Trustee

Ross Weiner is an experienced operator and attorney with over 25 years of experience across law and financial services. He earned a J.D. from the University of Virginia School of Law and a B.A. from the University of Virginia.

Experience

Mr. Weiner is the Founder and CEO of R&K Partners LLC. He previously served as a Partner and General Counsel at Qatalyst Partners, held a senior role at Silver Lake, and was Director & Counsel at Credit Suisse.

Bharath Potti

Independent Trustee

Bharath Potti is a seasoned finance and investment professional. He earned an M.B.A. from The University of Texas at Austin’s Red McCombs School of Business and a B.A. from Tufts University.

Experience

Mr. Potti currently serves as Corporate Development Manager at Fender. He previously worked in the Tufts University Endowment Office, at Partners Capital—an international outsourced chief investment office—and in the M&A group at AT&T.