AllianceBernstein has established a strategic partnership with LSV Advisors, a special situations secondaries firm focused on liquidity solutions for hedge fund, private equity and other alternative investment funds.
"Through this innovative partnership structure with LSV, we will continue to enhance the services we offer our private wealth clients by expanding our private alternatives capabilities," said Aaron Bates, head of private wealth platform and partnerships at Bernstein Private Wealth Management. "As alternatives become an increasingly attractive source for yield amid market volatility and low rates, this partnership demonstrates our firm's broader strategy to prioritize our clients and meet their evolving needs."