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Financial Intermediary
Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
Institutional
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
Individual
Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
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Private Equity

 
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Private Equity Fund of Funds at Northern Trust

Private equity investing provides investors an opportunity to increase returns and lower risks. Based on historical market assumptions, private equity has the potential to achieve higher returns than could be achieved investing in other asset classes. Private equity investing also provides access to a new universe of companies not available through the public markets. In addition, adding private equity to a portfolio adds a layer of diversification that may reduce overall risk.
 
Private equity funds of funds pool the assets of multiple participants and invest in diversified portfolios of private equity funds. These funds of funds usually aim to commit to top tier and boutique private equity funds, including both buyout and venture capital funds. Each private equity fund, in turn, invests in privately held companies typically dispersed by geography, industry, and stage of development.

Investors in funds of funds enjoy broader diversification than could be attained through a single manager or fund. Funds of funds also offer reduced administrative burdens for investors by providing consolidated reporting and capital calls.
 
Northern Trust's private equity funds of funds historically have been available to both taxable and tax-exempt investors that are accredited or qualified.  Investments in private equity funds are subject to private placement fund rules. Individuals must have a net worth greater than $1.5 million and entities must have investments greater than $5.0 million.

David Lester

David Lester

Vice President
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David Lester

David Lester

Vice President
 

David Lester is a Vice President at Northern Trust Global Advisors. Based in the Toronto office, David leads the asset management sales effort at Northern Trust in Canada. With a focus on providing innovative investment and outsourcing solutions to the marketplace, David will be working closely with pension plan sponsors, charitable organizations, and other institutional investors. David started his investment career in 1996 with a retail mutual fund company. Prior to joining Northern Trust, David spent 12 years at SEI, most recently as the Director of National Accounts where he lead the firm’s institutional sales and marketing efforts.

David has authored a range of articles on pension-related topics in addition to speaking at industry conferences. He is a past chair of the Ontario Regional Council of the Canadian Pension & Benefits Institute and is a member of the Toronto CFA Society.

David holds a Bachelors Degree in Mechanical Engineering from McGill University where he was awarded the British Association Medal for Great Distinction. David graduated from INSEAD in Fontainebleau France with distinction, where he received a Masters Degree in Business Administration.

Manager of Managers Investment Solutions Brochure

Identify talent, manage risk, monitor performance.
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This material is provided for informational purposes only and does not constitute an offer of any of the investment products described herein. Each investor should consult their own advisers regarding the legal, tax, and financial suitability of this type of investment. No person should invest who is not, either alone or with their advisers, able to evaluate the merits and risks of this investment. Access to information about Northern Trust hedge funds of funds and private equity funds of funds is limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments. Subscriptions may only be made and received on the basis of the Confidential Offering Memorandum which investors are advised to read carefully before investing in this product.


Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.