ALMA Fund is pioneering a new model as the first fund of funds, designed with a collaborative approach that allows selected funds to hold a stake in the collective fund portfolio.

The ALMA model provides fund managers with a unique opportunity to hold a shared stake in a collective portfolio, ensuring strong alignment of interests and creating value beyond what traditional fund structures offer. This collaborative model connects fund managers to a highly curated network of like-minded peers and resources that support scaling efforts, with access to co-investment opportunities and the collective leverage that comes with the ALMA community.

​

From a financial perspective, ALMA amplifies the total returns of each fund, as all members benefit from shared distributions. For instance, when a fund in Chicago has an exit, member funds in other regions, like San Francisco, will also receive distributions, strengthening each fund’s performance across the board.

​

​Finally, ALMA further enhances value by negotiating highly competitive pricing with top-tier service providers, driving substantial cost savings for member funds. Beyond financial benefits, ALMA provides exceptional, data-driven insights and access to a collaborative community that shares dealflow and resources empowering fund managers with informed, strategic perspectives to support collective and individual success.

ALMA focuses on U.S.-based venture capital and private equity funds that align with our mission to drive growth and innovation. We welcome applications from both established and first-time fund managers who share a commitment to building the future of American enterprise.

Funds joining ALMA take on responsibilities that promote transparency, collaboration, and alignment with our shared mission. These include:

- Filling out the annual data collection platform.

- Adhering to ILPA standards in fund management and reporting.

- Signing and executing the investment side letter, including co-investment rights for ALMA.

- Championing investment in the community that represents the future of America’s economy.

- Providing introductions to 10 new LPs within their networks.

- Working collaboratively to align economic terms (such as carry and management fees) to prevent excessive “double dip” scenarios.

- Contributing to the mentorship of other emerging fund managers

These responsibilities ensure that all member funds are committed to ALMA’s values and goals for sustainable growth.

Investment decisions are made by ALMA’s experienced Investment Committee, comprised of former CIOs from public pension plans, Tier-1 fund managers, and global asset managers. This committee ensures that each investment aligns with ALMA’s mission and strategy, with a focus on institutional alignment, objectivity, and fiduciary responsibility.

ALMA sources high-potential funds through an extensive network of fund managers, partners, and advisors. Our team draws from a robust global pipeline generated through both inbound and outbound strategies. By engaging with various venture ecosystems, ALMA identifies forward-thinking investors investing in innovative, market-shaping solutions.

No, for the moment there will not be a direct investment strategy.

The advisory committee provides strategic guidance to both the investment committee and the ALMA team. Composed of industry experts, business leaders, connectors, investors, lobbyists, legal advisors, and key stakeholders, the advisory committee offers valuable insights into market trends, best practices, and potential risks. Their support helps ensure that ALMA remains innovative and fully aligned with its mission.

The ticket size will be subject to Due Diligence, and fund size, and closed commitments.

Yes, on a case-by-case basis, and is subject to Due Diligence