"Returning from the ocean hazards to the protection of a sheltered bay" - Shinnecock Inlet, Long Island, NY
EXPERIENCED
Shinnecock Partners is a family office investment boutique, founded in 1989, specializing in alternative investments and fund of funds portfolios. The firm's principals have worked together for over 30 years.
DEDICATED
Shinnecock combines deep domain knowledge, in-depth analysis and proprietary quantitative tools along with rigorous due diligence to produce the best risk-adjusted performance for our clients.
PROFESSIONAL
Shinnecock is supported by a talented staff and "blue chip" service providers:
SS&C Globe Op (administration)
Spicer Jeffries (audit and tax)
Our Team
Click to view all team members
- Attractive and consistent yield: 7% to 8% target (unlevered)
- Short duration: Six to nine months asset-weighted average duration in a seasoned portfolio
- Principal protection: Low target loan-to-value (LTV) ratio of 50%
- Unique collateral: 8% annual growth from 1965 - 2017 (Sotheby's Mei Moses Art Index); global, transportable asset; low correlation to equities and interest rates
- Strong collateral protection: First-priority security interest; lender has possession of the collateral (art) in a secure, climate-controlled warehouse and the art is insured for the loan amount, at a minimum
- Immediate diversification: Multiple artists, genres and media, and multiple borrowers
- Liquidity: Quarterly distributions available and quarterly withdrawals after one-year lockup
Borrowers interested in fine art loans, please click here: Art-Secured Loans
Launch Date | May 1, 2019 | |
Structure | Delaware limited liability company | |
Target Net Return | 7% - 8% net unlevered return | |
Management Fee | 1% | |
Incentive Fee | 10%, subject to high water mark | |
Minimum Capital Commitment | $100,000* | |
Redemptions | Quarterly after one-year lock, with 90 days’ notice | |
Investor Qualifications | Accredited Investor | |
Auditor | Spicer Jeffries LLP | |
Administrator | SS&C GlobeOp | |
Cash Custodian | First Republic Bank | |
General Counsel | Faegre Baker Daniels LLP / Buchalter PC / Paul Hastings LLP |
- ALF may rely on its third-party loan originators, advisory board and sub-managers (if any) to meet its investment objectives.
- You could lose a substantial portion, or even all, of your investment.
- Tax-exempt investors should consult their tax, legal and financial advisers regarding the specific tax consideration of an investment in ALF.
- Withdrawals and transfers are restricted; no market exists or is expected to exist for the limited liability company membership interests.
- ALF is not a mutual fund and is not subject to regulation under the Investment Company Act of 1940, as amended.
Hedge Connection - In the Den with Lisa Vioni - Alan Snyder April 24, 2020 |
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