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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.
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Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
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Private Equity

 
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Northern Trust’s Private Equity Group is focused on providing comprehensive private equity solutions to its investors. Since 2001, the group has managed a series of fund-of-funds and separate accounts for wealthy families and institutions. Leveraging the Northern Trust platform, we strive to deliver outstanding risk-adjusted returns.

Private Equity Investing
Northern Trust manages private equity fund-of-funds and separate accounts. Our strategy never wavers: we search for top-tier, over-subscribed managers whose style and strategies fit with a broader portfolio allocation, while providing diversification by vintage year, geography and sector, to generate superior risk-adjusted returns. We leverage our extensive relationships in the general and limited partnership communities, as well as Northern Trust’s brand and platform to access invitation-only funds. We are focused on three broad sub-sectors of the private equity market: leveraged buyout, venture capital and secondaries.

Private Equity Sectors
The private equity asset class encompasses several different sectors that have different risk/return characteristics.

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private-eq-sectors-image

Leveraged Buyout: We target funds in both the U.S. and Europe that are under $1 billion in assets and focused on the lower-middle market. These funds tend to have lower dependence on financial leverage and more focus on operational improvements. We believe smaller funds managed by proven investors can provide the best opportunity for outperformance.

We also opportunistically invest with distressed debt managers looking to ultimately take control of their businesses and create significant operational improvements.

Venture Capital: We look to invest in funds focused on information technology, life sciences and to a limited extent clean technology. Investments are predominately in the U.S., with a small portion in emerging countries such as China and India.

Secondaries: The Private Equity Group selectively buys existing limited partner interests in private equity funds. Secondary investments may mitigate the J-curve and provide quicker return of capital. Secondary transactions are executed in both leveraged buyout and venture capital funds.

Private Equity Fund-of-Funds Structure
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private-equity-fund-of-funds

About Our Private Equity Group
The Private Equity Group was founded in 2001, but its origins stretch back to the early 1990’s when co-founders Bob Morgan and Brad Dorchinecz first worked together. Since the founding, the group has grown to manage $1.5 billion in private equity assets, and invested in over 145 funds with more than 90 general partners. The group is headquartered in Chicago, and has a satellite office in London, England. Today, we are a part of Northern Trust Alternatives Group, which oversees more than $3.6 billion across multiple alternative asset classes.

 

Bradley M. Dorchinecz

Bradley M. Dorchinecz

Director, Private Equity Group
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Bradley M. Dorchinecz

Bradley M. Dorchinecz

Director, Private Equity Group
 

Bradley M. Dorchinecz is a Senior Vice President and the Director of the Private Equity Group at Northern Trust. He co-founded the Private Equity Group with Bob Morgan in 2001. He oversees all aspects of the investment process for both primary and secondary investments. This includes sourcing and analyzing venture capital and buyout partnership investment opportunities in the United States, Europe and Asia. He previously was an investment professional at Mercantile Capital Partners, a venture capital and growth equity fund located in Northbrook, Illinois. Prior to Mercantile, Bradley spent five years at Heller Financial (now a part of GE Capital), providing senior debt to middle market buyout funds.

Bradley is on the advisory boards for Trinity Ventures, Aleph Ventures, Cowboy Ventures and Sterling Partners. He speaks frequently at industry conferences, including Super Return, Venture Capital Journal's Venture Alpha, Buyouts Midwest, the Association for Corporate Growth Conference, and the European Venture Capital Association Middle Market Buyout Forum.  Bradley graduated with High Honors from the University of Illinois in Urbana-Champaign with a degree in finance and received his MBA with Honors from the University of Chicago Booth School of Business.

Meet Our Alternative Investments Experts

 

Terms and Definitions

 
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Investment Products and Services are:

Not FDIC INSURED; May lose value; No bank guarantee

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.

Investment advisory services are offered by Northern Trust Investments, Inc., an investment advisor registered with the U.S. Securities and Exchange Commission and subsidiary of Northern Trust Corporation.

An investment advisor typically is deemed a fiduciary under the Employee Retirement Income Securities Act of 1974 and must act with strict honesty and candor solely in the interest of the participants of the plan.

Securities products and services including brokerage activities are offered and sold by Northern Trust Securities, Inc. (member FINRA (FINRA)/SIPC), a subsidiary of Northern Trust Corporation.



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.