GS
2nd
Goldman Sachs
$267.12Bn
916.55
-2.02%
+13.98%
The firm manages pooled alternative investment capital, including private equity, hedge funds, and credit funds, for institutional and high-net-worth investors.
QCOM
2nd
Qualcomm
$198.17Bn
187.48
-7.17%
+13.42%
Through its QSI segment and Qualcomm Ventures, the company makes strategic investments in early-stage companies across AI, 5G, and automotive sectors, holding equity securities and convertible debt.
BLK
2nd
BlackRock
$166.01Bn
1,071.04
-1.48%
-8.89%
The company manages private markets investments and alternative strategies, earning fees from these pooled alternative investment vehicles.
UBS
2nd
UBS Group AG
$162.53Bn
48.64
-2.07%
+17.69%
Within its Asset Management segment, UBS specifically provides alternative investment strategies to institutional and wholesale clients.
BNY
2nd
Bank of New York Mellon
$100.72Bn
148.44
-1.11%
+35.25%
The firm manages alternative investment strategies and distributes alternative investment products through its Investment and Wealth Management segment.
BX
Blackstone
$86.20Bn
114.54
-3.27%
-34.97%
Blackstone is described as the world's largest alternative asset manager, managing pooled capital across private equity, infrastructure, and hedge funds. Its revenue model is based on management fees and performance revenues (carried interest) from these illiquid and non-public strategies.
KKR
Kkr
$83.71Bn
93.24
-3.55%
-30.67%
KKR is a leading global alternative asset manager that manages pooled capital across Private Equity, Real Assets, and Credit and Liquid Strategies. It generates revenue through management fees and carried interest from institutional and high-net-worth investors.
BN
Brookfield
$81.54Bn
36.28
-1.63%
-21.28%
Brookfield operates a massive asset management business managing over $1 trillion in assets, earning revenue through management fees, performance fees, and carried interest from private funds and perpetual strategies. It manages illiquid real assets, private equity, and infrastructure for institutional and high-net-worth investors.
BAM
Brookfield Asset Management
$71.09Bn
44.51
-0.18%
-23.64%
Brookfield Asset Management is a global alternative asset manager that manages pooled capital in illiquid strategies including private equity, infrastructure, real estate, and private credit. It earns revenue through base management fees and performance income such as carried interest from institutional and high-net-worth investors.
DB
2nd
Deutsche Bank Aktiengesellschaft
$68.66Bn
36.08
-1.34%
+2.18%
The Asset Management segment specifically provides alternative investments as part of its investment solution offerings.
APO
Apollo Global Management
$68.54Bn
119.00
-2.24%
-14.04%
Apollo is a global alternative asset manager that manages pooled capital across credit and equity strategies for institutional investors, sovereign wealth funds, and high-net-worth individuals. It generates revenue through management fees on assets under advisory and performance-related income (carried interest).
WPM
Wheaton Precious Metals
$61.57Bn
135.61
-5.10%
+22.74%
Wheaton operates as a streaming and royalty company, which is a form of alternative asset management where it provides upfront capital to mining companies in exchange for the right to purchase future production at a discount. This is a non-public, illiquid financing strategy that earns returns through the spread between the fixed purchase price and the market sale price of the metals.
FNV
Franco Nevada
$47.40Bn
245.85
-4.59%
+12.21%
Franco-Nevada operates as a royalty and streaming company, managing a portfolio of cash-flow producing assets and providing capital to mining operations in exchange for a share of production. This matches the profile of an alternative asset manager managing illiquid, real-asset strategies for the purpose of generating returns from commodity production.
IX
2nd
Orix
$43.85Bn
39.01
-0.54%
+46.99%
ORIX has a dedicated 'PE Investment and Concession' segment focused on private equity investments, carve-outs, and take-private transactions to earn gains on sales.
ARES
Ares Management
$42.64Bn
118.39
-3.02%
-27.55%
Ares Management is a global alternative investment manager that manages pooled capital across private equity, private credit, and real assets for institutional and high-net-worth investors. Its revenue is primarily derived from management fees and performance-based fees such as carried interest.
PRU
2nd
Prudential Financial
$40.05Bn
116.09
-2.84%
+11.81%
PGIM manages alternative investment capital, specifically providing private credit, real estate, and alternatives strategies for institutional and retail clients.
NMR
2nd
Nomura Holdings
$29.07Bn
10.02
-0.40%
+34.50%
The company manages alternative asset classes, including private equity, private debt, and real assets, for institutional and high-net-worth investors.
PFG
2nd
Principal Financial
$24.61Bn
114.64
-0.11%
+39.01%
The Principal Asset Management division manages alternative investments, including private real estate and infrastructure debt, for institutional and high net worth clients.
TROW
2nd
Price T Rowe
$22.14Bn
103.81
-1.61%
+0.28%
The company manages assets across multiple asset classes, specifically including alternative investments, for institutional and high-net-worth investors.
MKL
2nd
Markel
$21.57Bn
1,741.25
+0.77%
-8.38%
The Financial segment includes Nephila, which provides insurance-linked securities investment and insurance management services for institutional risk investors.
LEN
2nd
Lennar
$17.27Bn
82.05
-0.10%
-35.74%
Lennar acts as a sponsor and manager of funds and joint ventures focused on multifamily and single-family rental assets, earning promoted interests and carried interest distributions.
FTAI
2nd
FTAI Aviation
$17.15Bn
167.10
-4.55%
+2.35%
Through its Strategic Capital Initiative, the company manages third-party capital for investments in aviation assets, earning asset management fees from institutional investors.
TPG
Tpg
$17.00Bn
43.49
-2.03%
-26.16%
TPG is a global alternative asset manager that manages pooled capital across private equity, credit, and real estate for institutional investors. It generates revenue through management fees and performance allocations (carried interest) on these illiquid, non-public strategies.
BEN
2nd
Franklin Templeton
$16.58Bn
32.67
-1.06%
+39.79%
The company offers alternative asset management strategies as part of its core investment capabilities to institutional and high net worth investors.
OWL
Blue Owl Capital
$14.28Bn
9.16
-1.82%
-47.84%
Blue Owl Capital is a global alternative asset manager that manages pooled capital across Credit, GP Strategic Capital, and Real Assets platforms. Its revenue is derived from management fees on fee-paying assets under management and performance-based fees such as carried interest.
CG
Carlyle
$13.97Bn
39.52
-1.27%
-39.10%
Carlyle is a global investment firm that manages pooled alternative investment capital across private equity, credit, and fund-of-funds strategies. It generates revenue through management fees and carried interest from institutional and high-net-worth investors.
RNR
2nd
Renaissancere Holdings
$13.59Bn
324.93
-0.21%
+29.86%
The company earns management and performance fees through its Capital Partners unit by managing third-party capital for institutional investors in joint ventures and managed funds.
IVZ
2nd
Invesco
$13.43Bn
30.42
-1.65%
+32.26%
The company operates a Private Markets segment that manages alternative assets, including real estate and private credit, targeting investors seeking returns beyond traditional public markets.
SEIC
2nd
Sei Investments
$12.58Bn
104.82
-0.79%
+22.71%
SEI provides a comprehensive outsourced operating platform specifically for alternative asset managers and sovereign wealth funds, including the SEI Access platform for alternative investment processing.
AFG
2nd
American Financial
$11.45Bn
138.13
-0.07%
-4.43%
The company operates managed investment entities that generate fee income from managing collateralized loan obligation (CLO) entities, which are pooled alternative investment vehicles.
JEF
2nd
Jefferies Financial
$9.59Bn
47.14
-1.11%
-29.28%
The Asset Management segment offers alternative investment management services to global investors, earning management and performance fees on private companies and other alternative strategies.
AMG
2nd
Affiliated Managers
$9.53Bn
368.63
-1.38%
+54.41%
A significant portion of the company's revenue is derived from its 'Alternative Strategies' segment, which includes Affiliates managing private equity, infrastructure, and real estate assets totaling approximately $146 billion.
GLXY
2nd
Galaxy Digital
$9.07Bn
23.21
-4.25%
-32.31%
The company manages alternative investment strategies and venture capital funds, earning management fees and carried interest from successful exits.
VOYA
2nd
Voya Financial
$8.69Bn
95.97
-1.34%
+27.53%
The Investment Management segment specifically manages 100.9 billion dollars in private and alternative asset solutions, earning management and performance-based incentive fees.
ARE
2nd
Alexandria Real Estate Equities
$8.48Bn
48.66
-2.52%
-42.36%
The company earns revenue through strategic capital investments in transformative life science companies via its own venture capital platform, which involves managing capital in non-public strategies.
VCTR
2nd
Victory Capital Holdings
$6.75Bn
109.60
+0.78%
+67.97%
The company manages pooled alternative investment capital through its New Energy Capital segment, which focuses on private closed-end funds for clean energy and infrastructure projects.
TFPM
Triple Flag Precious Metals
$6.37Bn
30.82
-4.23%
+5.58%
Triple Flag operates as a specialized funding partner providing bespoke financing solutions to mining operators through streaming and royalty agreements. It manages a portfolio of these alternative assets to generate returns for its investors, fitting the profile of an alternative asset manager focused on real-asset strategies.
BXSL
2nd
Blackstone Secured Lending Fund
$5.68Bn
24.40
-1.13%
-9.02%
The fund is externally managed by affiliates of Blackstone, leveraging the Blackstone Credit & Insurance alternative credit platform to access proprietary deal flow and private equity sponsor relationships.
PJT
2nd
PJT Partners
$5.66Bn
148.90
-1.86%
-17.46%
The company operates a Placement services segment that earns placement fees by providing fund placement services for alternative asset managers, including private equity, alternative credit, hedge funds, and real estate funds.
MAIN
2nd
Main Street Capital
$5.14Bn
55.08
+0.00%
-13.05%
The company has an external asset management subsidiary that generates management and incentive fees based on assets under management and the performance of the funds it advises.
STEP
StepStone
$5.14Bn
43.11
-2.82%
-35.27%
StepStone manages pooled alternative investment capital across private equity, infrastructure, private debt, and real estate for institutional and high-net-worth investors. It earns revenue through management fees on assets under management and performance fees (carried interest) on realized gains.
RITM
2nd
Rithm Capital
$5.08Bn
9.09
-0.55%
-21.09%
The company operates an alternative asset management business through Sculptor, RCM Manager, and RCA, managing $37.5 billion in assets across credit, real estate, and multi-strategy platforms for institutional and retail investors.
IEP
2nd
Icahn Enterprises
$4.88Bn
6.86
-1.44%
-19.01%
The Investment segment consists of private investment funds that act as activist investors, acquiring securities in undervalued companies to unlock value through management and operational changes.
PIPR
2nd
Piper Sandler Companies
$4.84Bn
71.67
-1.09%
-18.71%
The company manages alternative asset management funds in merchant banking and healthcare, earning asset management fees from these pooled strategies.
PECO
2nd
Phillips Edison & Company
$4.84Bn
37.59
+0.53%
+9.85%
The company manages a third-party investment platform through unconsolidated joint ventures and a private fund, earning asset management and advisory fees from these institutional investors.
WTM
2nd
White Mountains Insurance
$4.81Bn
2,016.26
-0.78%
+20.18%
The Kudu segment provides capital solutions to boutique asset and wealth management firms, structuring investments as noncontrolling equity interests to support buyouts and liquidity, which matches private equity style financing.
HLNE
Hamilton Lane
$4.69Bn
84.96
-1.45%
-38.88%
Hamilton Lane manages pooled alternative investment capital across private equity, private credit, real estate, and infrastructure for institutional and high-net-worth investors. Its revenue model includes management fees on committed capital and carried interest on realized gains from these illiquid strategies.
HASI
HA Sustainable Infrastructure Capital
$4.64Bn
36.25
-0.58%
+17.35%
The company acts as an alternative asset manager, deploying capital into illiquid sustainable infrastructure real assets and managing co-investment vehicles. It generates revenue from management fees on these vehicles and earns returns from equity method investments and interest income on debt investments.
CIGI
2nd
Colliers International
$4.59Bn
89.91
-0.56%
-42.79%
The company operates an Investment Management segment that focuses on fund management and investment advisory services for real estate assets and related securities for institutional investors.
IBOC
2nd
International Bancshares
$4.32Bn
69.53
-0.59%
+0.84%
The Merchant Banking segment engages in private equity-style activities, making equity and debt investments in portfolio companies through entities like WCMH, LLC and Diamond Beach Holdings, LLC.
LAZ
2nd
Lazard
$3.95Bn
35.76
-2.53%
-32.68%
Lazard's Asset Management segment specifically offers alternative investments and private equity funds, managing pooled capital in non-public strategies for institutional and high-net-worth investors.
CNS
2nd
Cohen & Steers
$3.79Bn
73.65
-0.75%
+10.70%
The company manages alternative investment capital through its Private Real Estate segment, which invests directly in physical real property assets via private investment structures.
WT
2nd
WisdomTree
$3.65Bn
24.06
-1.15%
+73.34%
The company manages private market investments through its Private Assets segment, specifically providing investment strategies centered on U.S. farmland and other real assets via the acquisition of Ceres.
BRBI
2nd
BRBI BR Partners
$3.54Bn
11.24
+0.00%
-21.40%
The company manages private equity funds that acquire minority stakes in middle-market companies, earning management fees and performance fees on these alternative investments.
AAMI
2nd
Acadian Asset Management
$3.32Bn
93.67
-0.13%
+91.16%
The company's Quant & Solutions segment offers 'Alternatives' strategies to institutional clients, which falls under the management of pooled alternative investment capital.
AB
2nd
Alliancebernstein Holding
$3.27Bn
35.12
-1.90%
-7.29%
The firm manages alternative investment strategies, specifically offering hedge funds to both its institutional and private wealth management clients.
OAK-PA
Brookfield Oaktree Holdings
$3.26Bn
20.31
-1.88%
-8.06%
The company manages pooled alternative investment capital across credit, real estate, and equity strategies, including private debt funds and corporate private equity. It serves institutional investors such as pension funds and sovereign wealth funds, operating as a leader in the alternative asset management space alongside firms like Blackstone and KKR.
GBDC
2nd
Golub Capital Bdc
$3.25Bn
12.49
+0.24%
-8.97%
The company is externally managed by its affiliate, Golub Capital, which is described as a leading middle market lender with over $85 billion of capital under management. This affiliate provides the deal flow and credit expertise typical of an alternative asset manager.
HTGC
2nd
Hercules Capital
$3.16Bn
16.90
-0.41%
-10.49%
The company earns management and advisory fees through its subsidiary, Hercules Adviser LLC, which provides investment advisory services to third-party funds, matching the profile of an alternative asset manager.
SII
2nd
Sprott
$3.10Bn
120.03
-3.49%
+43.96%
The company manages private strategies through limited partnership vehicles, including lending and streaming activities, and earns revenue from carried interest and performance fees.
AGO
2nd
Assured Guaranty
$3.06Bn
69.37
-0.09%
-17.51%
Through its ownership interest in Sound Point LP, the company manages pooled alternative investment capital across strategies like CLOs, private credit, and structured credit for institutional clients, earning management fees.
DBRG
DigitalBridge
$3.00Bn
15.98
+0.00%
+35.42%
DigitalBridge is an investment manager that manages pooled alternative investment capital, specifically private equity and private credit, focused on digital infrastructure. It generates revenue through management fees, incentive fees, and carried interest from funds it sponsors, serving institutional investors like sovereign wealth funds and pensions.
APAM
2nd
Artisan Partners Asset Management
$2.90Bn
35.82
-0.89%
-17.92%
The company manages alternative investment strategies through groups like the Antero Peak Group, which provides long/short equity exposure via the Antero Peak Hedge strategy.
AKR
2nd
Acadia Realty Trust
$2.64Bn
19.26
+0.10%
-4.61%
The company operates an Investment Management segment that manages institutional capital through strategic opportunity funds (Fund 2, 3, 4, and 5) and earns management fees and incentive income.
GCMG
GCM Grosvenor
$2.62Bn
12.92
-0.92%
+7.04%
GCM Grosvenor is an alternative asset manager that manages pooled capital across private equity, infrastructure, real estate, alternative credit, and absolute return strategies. Its revenue model is based on management fees and incentive fees earned from these illiquid and non-public strategies.
PAX
Patria Investments
$1.60Bn
10.06
-1.76%
-31.89%
Patria Investments is a global alternative investment firm managing pooled capital across private equity, infrastructure, and credit strategies. Its revenue model is based on management fees and performance/incentive fees from institutional and high-net-worth investors.
PWP
2nd
Perella Weinberg Partners
$1.58Bn
14.64
+1.17%
-32.06%
The firm has a dedicated Private Funds Advisory and Private Capital Placement business that supports fundraising and investor relations for private equity and other alternative funds.
INVA
2nd
Innoviva
$1.54Bn
21.23
+2.36%
+11.56%
The company maintains a 'Strategic Investments' segment where it holds equity stakes in various healthcare and biotech companies, such as Armata Pharmaceuticals and InCarda Therapeutics, to generate financial returns through appreciation or strategic exits.
PGY
2nd
Pagaya Technologies
$1.42Bn
17.00
-3.52%
-46.47%
The company generates returns from capital deployed through financing vehicles that purchase loans, managing these assets for institutional investors such as pension funds, sovereign wealth funds, and asset management firms.
WD
2nd
Walker & Dunlop
$1.23Bn
37.06
-2.45%
-55.41%
Through its subsidiary Walker & Dunlop Investment Partners, Inc., the company manages investment funds and earns asset management fees from invested capital.
PURR
Hyperliquid Strategies
$963.67Mn
12.08
-5.99%
—
The company name 'Hyperliquid Strategies' strongly implies a focus on liquid alternative investment strategies, which typically fall under alternative asset management. Given the lack of operational detail in the profile beyond its role in a business combination, this is the closest fit within the Financial Services sector based on the company's nomenclature.
BUR
2nd
Burford Capital
$862.97Mn
3.93
+8.26%
-67.55%
The company manages legal finance assets on behalf of third-party investors through its Asset Management and Other Services segment. It operates a private fund platform via its SEC-registered investment adviser, BCIM, managing $3.2 billion in assets across private and sidecar funds.
ANSC
Agriculture & Natural Solutions Acquisition
$853.42Mn
11.46
+0.00%
—
The company is a special purpose acquisition company (SPAC) managed by sponsors (Riverstone and Impact Ag) with extensive investment experience. Its core activity is the identification and acquisition of businesses to build a portfolio focused on decarbonizing agriculture and natural capital, which aligns with the alternative asset management model of deploying capital into private strategies.
CIM
2nd
Chimera Investment
$852.18Mn
10.18
-1.64%
-24.59%
The company operates an Investment Management and Advisory Services Segment that provides discretionary and non-discretionary management to institutional clients like insurance companies and credit funds. It earns management fees and expects incentive-based income from these pooled alternative investment strategies.
KFII
K&F Growth Acquisition
$837.72Mn
10.67
+0.00%
+4.51%
K&F Growth Acquisition Corp. Ii is a special purpose acquisition company (SPAC) that raises capital to acquire an operating business. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business fits the profile of an alternative asset manager.
RPC
Ridgepost Capital
$805.40Mn
7.34
-2.78%
-34.35%
Ridgepost Capital manages pooled alternative investment capital across private equity, venture capital, and private credit for institutional investors and high-net-worth individuals. Its revenue model is based on management and advisory fees earned on committed capital, which is characteristic of alternative asset managers.
ABX
Abacus Global Management
$804.83Mn
8.23
-0.72%
+39.02%
Abacus Global Management manages alternative investment funds and exchange traded funds, earning base management fees and performance fees on assets under management. Its core business involves managing pooled alternative capital specifically in the life settlement market and free cash flow equity strategies for institutional and private clients.
FPH
2nd
Five Point Holdings
$705.60Mn
4.76
+0.00%
-21.19%
Through its Hearthstone segment, the company operates a residential asset management platform that manages land banking funds for institutional investors, such as state employee pension plans and private equity firms, earning management and performance fees.
FAC
Factorial Energy
$682.81Mn
6.38
+1.59%
-36.45%
Cartesian Growth Corp III is a SPAC that functions as a pooled investment vehicle, deploying capital raised via IPO to acquire private companies. Its core activity is managing this capital to execute a business combination, which aligns with the alternative asset management model of sourcing and investing in non-public strategies.
CNNE
Cannae Holdings
$675.65Mn
15.58
-1.08%
-15.97%
Cannae Holdings operates as a holding company that acquires and actively manages interests in operating companies, positioning itself as a competitor to alternative asset managers like Blackstone and KKR. Its JANA segment specifically earns management and performance-based fees from investment funds that pursue shareholder activism and undervalued public companies.
VINP
Vinci Compass Investments
$658.42Mn
9.29
-0.64%
-13.10%
Vinci Compass is a leading alternative asset manager managing pooled capital in illiquid and non-public strategies, including Private Equity, Real Assets (infrastructure, forestry), and Private Credit. It generates revenue from management fees and performance-related earnings (carried interest) from these alternative strategies.
NMFC
2nd
New Mountain Finance
$658.33Mn
6.97
-0.14%
-27.77%
The company is externally managed by New Mountain Finance Advisers LLC, a subsidiary of New Mountain Capital Group LP, which is described as a global investment firm managing approximately sixty billion dollars of assets in middle market private equity and credit strategies.
DMII
Drugs Made In America Acquisition
$647.19Mn
10.16
+0.00%
—
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify and execute a business combination using pooled capital from an IPO and private placement. This activity of managing pooled capital for the purpose of acquiring private businesses aligns with the operational model of alternative asset managers.
JACS
Jackson Acquisition
$640.92Mn
10.83
+0.00%
+4.54%
Jackson Acquisition Co II is a SPAC (blank check company) whose sole current activity is identifying and evaluating a target business for acquisition. This operational model of pooling capital to invest in a private business combination aligns with the activities of alternative asset managers who manage pooled capital for investment in non-public strategies.
LPAAU
Launch One Acquisition
$638.82Mn
11.11
+0.00%
+4.91%
Launch One Acquisition Corp is a SPAC, which functions as a pooled investment vehicle designed to acquire a target business. Its current activity is managing capital from public shareholders and private placements to execute a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
ABTC
2nd
American Bitcoin
$631.90Mn
8.84
-2.86%
-91.10%
The company operates a 'Scale the Reserve' segment that focuses on accumulating Bitcoin as a core strategic asset and managing a reserve of approximately 6,963 Bitcoin to enhance stockholder value, functioning as an alternative asset manager of digital reserves.
LPBB
Launch Two Acquisition
$622.72Mn
10.83
+0.00%
+3.64%
Launch Two Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) designed to raise capital to identify and acquire a target business. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business aligns with the Alternative Asset Managers category.
ALFUU
Centurion Acquisition
$597.30Mn
10.91
+0.00%
+2.35%
Centurion Acquisition Corp. is a blank check company (SPAC) whose core activity is identifying, evaluating, and executing a business combination with a target company. This operational model of pooling capital to acquire and manage a private business is characteristic of alternative asset management and private equity strategies.
ENHA
Enhanced
$597.23Mn
1.54
+7.69%
—
The company is a Special Purpose Acquisition Company (SPAC) whose core activity is sourcing, evaluating, and executing a business combination with a target company. Its management team is specifically tasked with identifying investment opportunities and negotiating deals, which aligns with the activities of alternative asset managers focusing on private equity-style acquisitions.
HCAC
Hall Chadwick Acquisition
$590.37Mn
10.11
-0.10%
—
Hall Chadwick Acquisition Corp is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination, merger, or asset acquisition. This activity of pooling capital to acquire private businesses is functionally equivalent to the strategies of private equity and buyout funds described in the Alternative Asset Managers category.
ELE
Elemental Royalty
$590.21Mn
19.69
-5.06%
+9.27%
Elemental Royalty operates as an alternative asset manager specializing in mining royalties and streaming, managing a portfolio of 256 assets to generate passive income for its investors. It earns revenue through royalty and streaming payments from mining operators like Lundin Mining and Northern Star Resources, fitting the profile of a firm managing illiquid, real-asset strategies.
OBA
Oxley Bridge Acquisition
$588.60Mn
10.34
+0.00%
+3.82%
Oxley Bridge Acquisition is a Special Purpose Acquisition Company (SPAC) that manages pooled capital raised via an IPO to invest in private companies. Its core activity is identifying and acquiring a target business in the consumer and technology sectors, which aligns with the alternative asset management model of deploying capital into non-public strategies.
AXIN
Axiom Intelligence Acquisition Corp 1
$563.87Mn
10.34
+0.00%
+3.82%
Axiom Intelligence Acquisition Corp 1 is a Special Purpose Acquisition Company (SPAC), which functions as a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital raised from public and private investors to execute a business combination, matching the profile of an alternative asset manager focused on private equity-style acquisitions.
TVA
Texas Ventures Acquisition III
$554.92Mn
10.57
+0.00%
-1.21%
Texas Ventures Acquisition III is a special purpose acquisition company (SPAC) that raises capital to identify and acquire a target business. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business fits the profile of an alternative asset manager.
NOAH
2nd
Noah Holdings
$534.40Mn
7.97
+0.38%
-30.64%
The company has a substantial asset management business (29.5% of revenue) through Gopher and Olive Asset Management, which manage pooled alternative investments in private equity, real estate, and multi-strategy funds.
SBXD
SilverBox Corp IV
$522.91Mn
11.39
+2.61%
+8.79%
SilverBox Corp IV is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle to acquire and manage a business combination. Its core activity is the sourcing, structuring, and execution of a business combination, which aligns with the activities of alternative asset managers focusing on private equity and buyout strategies.
GLRE
2nd
Greenlight Capital Re
$486.98Mn
14.81
-0.54%
+17.17%
The company's Innovations segment makes strategic investments in startup companies and managing general agents, and it employs a differentiated value-oriented investment strategy for its managed portfolios.
EVAC
EQV Ventures Acquisition
$484.50Mn
10.32
+0.10%
+3.72%
The company is a Special Purpose Acquisition Company (SPAC) that functions as a pooled investment vehicle designed to acquire a target business. It competes directly with private equity groups and leveraged buyout funds, and its core activity is the deployment of capital into a non-public strategy to realize gains through a business combination.
ALTI
2nd
AlTi Global
$481.87Mn
3.09
-1.28%
-13.45%
The company operates an alternatives platform that includes an internally managed fund and equity stakes in external funds focusing on real estate bridge lending, European equities, and Asian credit. It earns performance or incentive fees on these illiquid, private-market strategies.
TWLV
Twelve Seas Investment Co III
$471.56Mn
10.06
+0.00%
—
Twelve Seas Investment Co III is a special purpose acquisition company (SPAC) that manages pooled capital from public and private investors to acquire a target business. Its core activity is identifying and executing a business combination, which aligns with the management of alternative investment capital for the purpose of acquiring private or public enterprises.
PLMK
Plum Acquisition Corp, IV
$458.13Mn
10.72
+0.09%
+3.88%
Plum Acquisition Corp IV is a special purpose acquisition company (SPAC) whose sole purpose is to identify and acquire a private business through a merger or asset acquisition. This activity of managing pooled capital to invest in non-public strategies aligns with the description of alternative asset managers.
HAVA
Harvard Ave Acquisition
$423.80Mn
10.24
+0.20%
—
Harvard Ave Acquisition is a special purpose acquisition company (SPAC) designed to pool capital from public and private investors to acquire a target business. This activity of managing pooled capital for the purpose of a private equity-style acquisition aligns with the Alternative Asset Managers category.
ACTG
Acacia Research
$419.62Mn
4.30
+0.70%
+32.31%
Acacia Research operates as a value-oriented acquirer and operator of businesses across public and private markets, functioning similarly to a private equity or alternative asset manager. It generates returns through the acquisition, operational improvement, and divestiture of assets in the industrial, energy, and technology sectors.
NPAC
New Providence Acquisition Corp. III
$402.72Mn
10.49
+0.10%
+3.45%
New Providence Acquisition Corp. III is a special purpose acquisition company (SPAC) formed to identify and merge with a target business. Its core activity is managing pooled capital from public and private investors to execute a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
ALDF
Aldel Financial
$397.49Mn
10.82
-0.09%
+4.14%
Aldel Financial II Inc. is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination, effectively acting as a vehicle for private equity-style acquisition. It competes directly with private equity groups and leveraged buyout funds to acquire a target business, which aligns with the activity of alternative asset managers who manage capital for the purpose of strategic acquisitions.
VLOS
Velos Acquisition I
$385.97Mn
10.74
+0.66%
+1.61%
The company is a Special Purpose Acquisition Company (SPAC) sponsored by M3-Brigade and MI7, which are financial entities managing pooled capital to acquire private businesses. Its core activity is the identification and acquisition of a target business (such as the proposed combination with ReserveOne Inc) using capital raised from an IPO, which aligns with the alternative asset management model of deploying capital into non-public strategies.
SDHI
Siddhi Acquisition Corp (Cayman Islands)
$367.54Mn
10.55
+0.19%
+3.94%
Siddhi Acquisition Corp is a SPAC, which functions as a pooled investment vehicle designed to acquire a private company. Its management team leverages private equity and venture capital experience to identify and execute a business combination, which aligns with the activities of alternative asset managers managing illiquid, non-public strategies.
KCHV
Kochav Defense Acquisition
$357.99Mn
10.45
+0.00%
+4.29%
Kochav Defense Acquisition Corp. is a SPAC (blank check company) whose sole purpose is to identify and acquire a target business using pooled capital from an IPO and private placement. This activity of managing pooled capital to invest in a private company aligns with the alternative asset management model of seeking non-public strategies.
BDCI
BTC Development
$352.68Mn
10.15
+0.00%
—
BTC Development is a SPAC (blank check company) whose core activity is identifying and acquiring a target business, which is functionally equivalent to a private equity or venture capital strategy. The profile explicitly mentions its management's experience in venture capital and its goal of effecting a business combination with companies in the bitcoin ecosystem.
BLUW
Blue Water Acquisition Corp. III
$342.18Mn
10.37
+0.02%
+4.03%
Blue Water Acquisition Corp. III is a blank check company (SPAC) designed to identify and execute a business combination with private companies. This activity of pooling capital to acquire and manage an investment in a non-public strategy aligns with the Alternative Asset Managers category, as it functions as a vehicle for private equity-style acquisition.
DMAA
Drugs Made In America Acquisition
$334.93Mn
10.87
+0.46%
+5.84%
The company is a blank check company (SPAC) whose sole purpose is to raise capital to effect a merger or asset acquisition. This activity of pooling capital to acquire and invest in private businesses aligns most closely with the strategies of alternative asset managers and private equity firms described in F-11.
BEAG
Bold Eagle Acquisition
$334.79Mn
10.69
-0.09%
+2.59%
Bold Eagle Acquisition Corp is a special purpose acquisition company (SPAC) that raises capital to acquire an unspecified operating business. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business fits the profile of an alternative asset manager.
NMP
NMP Acquisition
$331.24Mn
10.37
-0.10%
+4.43%
NMP Acquisition is a special purpose acquisition company (SPAC) that pools capital from investors to fund a future acquisition of a private business. This activity of managing pooled capital for the purpose of acquiring private companies aligns with the alternative asset management model of private equity.
SZZL
Sizzle Acquisition
$327.99Mn
10.49
+0.00%
+4.07%
Sizzle Acquisition Corp. II is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle designed to identify and acquire a target business. Its revenue model and operational structure match that of an alternative asset manager/private equity vehicle, as it raises capital from public and private investors to execute a business combination.
CRAQ
Cal Redwood Acquisition
$325.79Mn
10.40
+0.00%
+4.10%
Cal Redwood Acquisition Corp is a SPAC (blank check company) whose sole purpose is to identify and acquire a target business using pooled capital. This activity aligns with alternative asset management as it involves managing a pool of capital for the purpose of a private equity-style acquisition.
KOYN
CSLM Digital Asset Acquisition Corp III
$323.15Mn
10.24
+0.00%
+3.12%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify, negotiate, and execute a business combination with a target company. This activity of pooling capital to acquire private businesses in the digital asset and financial infrastructure space aligns with the functions of alternative asset managers who manage pooled capital for institutional and high-net-worth investors.
LAFA
LaFayette Acquisition
$320.24Mn
10.19
+0.00%
—
LaFayette Acquisition Corp. is a special purpose acquisition company (SPAC) designed to pool capital from investors to acquire a private business. This activity of managing pooled capital for the purpose of a private equity-style acquisition aligns with the Alternative Asset Managers category.
RANG
Range Capital Acquisition
$319.36Mn
10.86
+0.00%
+5.54%
Range Capital Acquisition Corp. is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle designed to acquire a target business. Its business model involves using capital from public shareholders and private placements to execute a business combination, which aligns with the activities of alternative asset managers focusing on private equity and buyout strategies.
ATII
Archimedes Tech SPAC Partners
$316.32Mn
10.69
+0.00%
+4.70%
The company is a Special Purpose Acquisition Company (SPAC) designed to raise capital to acquire and merge with private businesses, specifically targeting technology sectors like AI and cloud services. This activity aligns with the management of pooled alternative investment capital for the purpose of executing a business combination, similar to the strategy of private equity firms.
TACO
Berto Acquisition
$313.66Mn
10.45
+0.00%
+0.38%
Berto Acquisition Corp is a Special Purpose Acquisition Company (SPAC) designed to raise capital via an IPO to acquire a private operating business. This activity matches the profile of an alternative asset manager or investment vehicle that manages pooled capital for the purpose of executing a business combination/buyout.
DYNC
Dynamix
$301.29Mn
10.89
-0.09%
+4.11%
Dynamix is a blank check company (SPAC) whose core purpose is to identify and execute a business combination, effectively managing a pool of capital for the purpose of a private equity-style acquisition. Its revenue model currently consists of nonoperating income on trust assets, and it competes directly with private equity firms and leveraged buyout funds.
AACBU
Artius II Acquisition
$297.99Mn
10.70
+0.00%
—
Artius II Acquisition is a special purpose acquisition company (SPAC) that manages pooled capital from investors to acquire a business. Its core activity is identifying and executing a business combination, which aligns with the alternative asset management model of managing capital for institutional and high-net-worth investors to achieve gains.
ANVI
Anvi Global Holdings
$295.08Mn
2.46
+0.00%
+0.00%
Anvi Global Holdings operates as an investment vehicle targeting acquisitions in private businesses across various sectors like mining and infrastructure. Its revenue model is based on capital appreciation and profit-sharing from these alternative, non-public strategic investments.
BACC
Blue Acquisition
$293.32Mn
10.49
+0.10%
+4.90%
Blue Acquisition Corp is a Special Purpose Acquisition Company (SPAC) that raises capital from investors to identify and acquire a private company. This activity of managing pooled capital for the purpose of a private equity-style buyout and taking a company public aligns with the alternative asset management model of investing in non-public strategies.
UCFI
CN Healthy Food Tech
$287.81Mn
5.51
+0.00%
-47.17%
The company is a Special Purpose Acquisition Company (SPAC), which functions as a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital from an IPO and private placements to execute a business combination, matching the profile of an alternative asset manager focused on private equity-style acquisitions.
VOXR
Vox Royalty
$283.03Mn
5.11
-6.07%
+17.74%
Vox Royalty operates as an alternative asset manager by acquiring and managing a portfolio of mining royalties, which are illiquid, non-public financial interests. The company earns returns from these alternative assets through contractual royalty payments (NSR, GRR) from third-party mining operators like Zijin Mining Group and Northern Star Resources.
FACT
FACT II Acquisition
$260.75Mn
10.72
+0.01%
+4.09%
FACT II Acquisition Corp is a Special Purpose Acquisition Company (SPAC), which functions as a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital raised via IPO and private placements to identify and execute a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
VNME
Vendome Acquisition Corp I
$257.75Mn
10.31
+0.39%
+3.83%
Vendome Acquisition Corp I is a special purpose acquisition company (SPAC) designed to acquire and merge with other businesses. This activity of pooling capital to invest in and acquire private companies aligns with the alternative asset management model of private equity and venture capital strategies.
CUB
Lionheart Holdings
$254.83Mn
10.90
+0.09%
+3.71%
Lionheart Holdings is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify, negotiate, and acquire private operating businesses using pooled capital. This activity of managing capital for the purpose of private equity-style acquisitions and business combinations aligns with the activities of alternative asset managers.
TONT
Graf Global
$251.83Mn
10.91
+0.09%
+3.12%
Graf Global is a special purpose acquisition company (SPAC) that manages a trust account of over $243 million to acquire a target business. This activity of pooling capital for the purpose of making a private equity-style acquisition of a business fits the profile of an alternative asset manager focusing on non-public strategies.
GPAT
GP-Act III Acquisition
$251.70Mn
11.02
-0.54%
+3.96%
GP-Act III Acquisition Corp is a special purpose acquisition company (SPAC) sponsored by GP-Act III Sponsor LLC, which is described as having a track record of identifying and executing transactions. Its core purpose is to manage pooled capital from an IPO to acquire a business, which aligns with the activity of alternative asset managers focusing on private equity and buyout strategies.
COPL
Copley Acquisition
$250.57Mn
10.56
+0.00%
+4.45%
Copley Acquisition Corp is a Special Purpose Acquisition Company (SPAC), which operates as a pooled investment vehicle designed to identify and acquire a private business. Its core activity is the management of capital for the purpose of a business combination, which aligns with the alternative asset management model of seeking illiquid, non-public strategies.
FERA
Fifth Era Acquisition Corp I
$248.51Mn
10.53
-0.09%
+3.54%
Fifth Era Acquisition Corp I is a SPAC, which functions as a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital from public and private investors to execute a business combination, matching the profile of an alternative asset manager focusing on private equity-style acquisitions.
GTERA
Globa Terra Acquisition
$247.24Mn
10.42
-0.29%
+4.51%
Globa Terra Acquisition Corp is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle to acquire a target business. It competes directly with private equity groups and leveraged buyout funds, and its management team leverages private equity experience to source and execute business combinations.
DAAQ
Digital Asset Acquisition
$240.58Mn
10.46
+0.00%
+2.75%
Digital Asset Acquisition Corp. is a special purpose acquisition company (SPAC) designed to raise capital to acquire a target business, which aligns with the activity of alternative asset managers and private equity structures. The profile explicitly states it competes with private equity firms and other SPACs to identify and acquire a target company using its trust account of approximately $177.95 million.
IRHO
Iron Horse Acquisition
$237.11Mn
10.06
+0.00%
—
Iron Horse Acquisition II Corp. is a special purpose acquisition company (SPAC) that manages a pooled fund of capital from an IPO to acquire a private business. Its core activity is the identification, evaluation, and structuring of a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
TMCR
Metals Royalty
$235.28Mn
4.62
+13.51%
—
The company operates as a royalty and streaming firm, which is a form of alternative asset management where it provides capital in exchange for a percentage of future production. It earns revenue from a 2.0% gross overriding royalty on the NORI Property, mirroring the business model of alternative asset managers like Franco Nevada and Wheaton Precious Metals.
NHIC
NewHold Investment Corp. III
$225.04Mn
8.15
-5.67%
-19.78%
NewHold Investment Corp. III is a blank check company (SPAC) whose sole purpose is to identify and acquire a target business using pooled capital from public and private investors. This activity of managing pooled capital to execute a business combination is a hallmark of alternative asset management strategies.
LWAC
LightWave Acquisition
$223.82Mn
10.38
+0.00%
+4.11%
LightWave Acquisition Corp is a special purpose acquisition company (SPAC) designed to identify and acquire a target business using pooled capital from investors. This activity of managing a pooled vehicle to execute a business combination for the benefit of investors aligns with the alternative asset management model of private equity and venture capital strategies.
CEPO
Cantor Equity Partners I
$215.40Mn
10.77
+0.00%
+2.47%
Cantor Equity Partners I is a Special Purpose Acquisition Company (SPAC), which is a pooled investment vehicle designed to acquire a private company. Its core activity is managing capital raised from investors to execute a business combination, which aligns with the alternative asset management model of managing pooled capital for institutional and high-net-worth investors.
HDSN
2nd
Hudson Technologies
$214.65Mn
5.10
-1.16%
-47.48%
The company generates revenue from the monetization of carbon offset projects and the development of verified emission reduction projects linked to the destruction of CFCs, which constitutes the management of real-asset environmental credits.
EGHA
EGH Acquisition
$214.02Mn
10.44
+0.38%
+4.30%
EGH Acquisition Corp is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination with a target entity. This activity of pooling capital from investors to acquire and manage a private business for the purpose of generating returns is the core function of an alternative asset manager/private equity structure.
QSEA
Quartzsea Acquisition
$209.89Mn
10.66
+0.09%
+5.13%
Quartzsea Acquisition Corp is a special purpose acquisition company (SPAC) whose sole activity is identifying and evaluating target businesses for a merger or acquisition. This aligns with the activity of alternative asset managers who manage pooled capital to invest in private companies, as the company's purpose is to deploy IPO proceeds into a private target.
PGAC
Pantages Capital Acquisition
$202.71Mn
10.82
+1.03%
+5.36%
Pantages Capital Acquisition is a special purpose acquisition company (SPAC) whose sole activity is identifying and evaluating potential acquisition targets for a business combination. This aligns with the Alternative Asset Managers category, as it manages pooled capital from public shareholders and sponsors to execute a private equity-style acquisition strategy.
SIMAU
SIM Acquisition Corp. I
$195.15Mn
11.25
+0.00%
+5.24%
SIM Acquisition Corp. I is a Special Purpose Acquisition Company (SPAC), which functions as a pooled investment vehicle designed to acquire a private company. Its core activity is managing capital raised via IPO and private placements to execute a business combination, aligning with the management of alternative investment capital for institutional and high-net-worth investors.
DEFT
2nd
Defi Technologies
$189.06Mn
0.49
-2.00%
-76.78%
The Ventures business line makes early-stage investments in digital asset companies, banks, and foundations, generating returns from these venture investments.
FRNM
Freenome
$176.50Mn
16.19
+1.25%
+52.74%
Perceptive Capital Solutions Corp is a SPAC sponsored by Perceptive Advisors, a life sciences focused investment firm managing $9.5 billion in assets. Its core activity is the identification and acquisition of private companies in the life sciences and medical technology sectors using pooled capital from its IPO.
MRLN
Merlin
$176.04Mn
1.75
-12.06%
-83.17%
Merlin is a Special Purpose Acquisition Company (SPAC) that manages pooled capital from its IPO and private placements to identify and merge with private growth-stage companies. This activity of managing a pooled investment vehicle to acquire private businesses aligns with the alternative asset management model of private equity and venture capital.
NAKA
Nakamoto
$173.94Mn
9.72
-2.70%
-79.23%
The company operates UTXO, which generates management and performance fees from overseeing funds like the 210k Capital hedge fund. It also manages a global portfolio of Bitcoin native companies and executes an options writing strategy to generate premium income.
CHEC
Chenghe Acquisition III
$173.73Mn
10.30
+0.19%
—
Chenghe Acquisition III is a special purpose acquisition company (SPAC) that manages pooled capital from IPO investors to acquire a business. This activity matches the profile of an alternative asset manager managing a pooled investment vehicle for institutional and high-net-worth investors.
SPEG
Silver Pegasus Acquisition
$159.16Mn
10.38
-0.10%
+4.11%
Silver Pegasus Acquisition Corp. is a SPAC (blank check company) whose core activity is identifying, evaluating, and structuring a business combination with a target company. This operational model of pooling capital to acquire a private business for a public listing aligns with the activities of alternative asset managers and private equity-style strategies.
GSHR
Gesher Acquisition
$157.92Mn
10.57
+0.00%
+4.14%
Gesher Acquisition Corp. II is a Special Purpose Acquisition Company (SPAC) that raises capital to acquire a target business, which is a form of private equity/alternative investment strategy. Its core activity is managing pooled capital from public shareholders and a sponsor to execute a business combination for the purpose of creating long-term value.
INAC
Indigo Acquisition
$152.57Mn
10.34
+0.10%
+3.71%
Indigo Acquisition Corp is a special purpose acquisition company (SPAC) formed to effect a business combination, which is a form of private equity/alternative investment strategy. Its current activity is managing a trust account of marketable securities to acquire a target business, aligning with the alternative asset management model of identifying and investing in non-public companies.
NBRG
Newbridge Acquisition
$151.83Mn
10.06
+0.00%
—
Newbridge Acquisition is a special purpose acquisition company (SPAC) that raises capital to invest in and acquire private businesses. This activity aligns with alternative asset management as it manages a pooled fund of capital for the purpose of executing a private equity-style acquisition.
CEPS
Cantor Equity Partners VI
$150.86Mn
10.28
+0.78%
—
Cantor Equity Partners VI is a blank check company (SPAC) designed to pool capital for the purpose of acquiring and investing in a private operating business. This activity aligns with alternative asset management as it involves managing pooled capital for institutional and high-net-worth investors to execute a non-public investment strategy.
QUMS
Quantumsphere Acquisition
$150.27Mn
10.34
-0.10%
+3.82%
Quantumsphere Acquisition is a special purpose acquisition company (SPAC) whose sole purpose is to identify and execute a business combination with a target company. This activity of pooling capital to acquire private businesses aligns with the alternative asset management model of private equity and venture capital strategies.
TAVI
Tavia Acquisition
$147.45Mn
10.77
+0.09%
+4.16%
Tavia Acquisition Corp. is a Special Purpose Acquisition Company (SPAC), which is a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital raised via an IPO to execute a business combination, matching the profile of an alternative asset manager focusing on private equity-style acquisitions.
GHI
2nd
Greystone Housing Impact Investors
$138.78Mn
5.89
+0.34%
-45.16%
The company invests in market-rate joint venture equity for multifamily and seniors housing developments, earning preferred returns on these illiquid, non-public real estate equity investments.
KVAC
Keen Vision Acquisition
$132.27Mn
12.01
-0.66%
—
Keen Vision Acquisition is a SPAC (blank check company) whose sole purpose is to identify and acquire a private operating business using pooled capital from institutional and retail investors. This activity matches the profile of an alternative asset manager managing a pooled vehicle for the purpose of a private equity-style acquisition.
CHAR
Charlton Aria Acquisition
$120.51Mn
10.99
+0.00%
+6.18%
Charlton Aria Acquisition is a Special Purpose Acquisition Company (SPAC) whose sole business activity is identifying and evaluating target companies for a business combination. This activity of managing pooled capital for the purpose of acquiring private businesses aligns with the alternative asset management model of private equity and venture capital strategies.
GTEN
Gores Holdings X
$94.10Mn
10.49
+0.38%
+2.64%
Gores Holdings X is a special purpose acquisition company (SPAC) designed to effect a business combination, which aligns with the activity of alternative asset managers seeking private equity-style acquisitions. The company relies on the sponsorship of The Gores Group to access proprietary deal flow for the purpose of investing its trust account capital into a target business.
ORIQ
Origin Investment Corp I
$94.03Mn
10.41
-0.29%
+3.69%
Origin Investment Corp I is a blank check company (SPAC) designed to acquire and hold interests in middle market and emerging growth companies. This activity of pooling capital to invest in private businesses for the purpose of a business combination aligns with the strategies of alternative asset managers.
LCCC
Lakeshore Acquisition III
$93.68Mn
10.52
+0.00%
+4.37%
Lakeshore Acquisition III is a SPAC (blank check company) whose sole purpose is to identify and acquire a private operating business using pooled capital from its IPO. This activity matches the profile of an alternative asset manager focusing on private equity-style acquisitions and the deployment of capital into non-public strategies.
ALCYF
Alchemy Investments Acquisition Corp 1
$90.99Mn
11.85
+0.00%
-1.17%
The company is a blank check company (SPAC) sponsored by Alchemy Investment Management LLC, which provides a pipeline of targets and sourcing capabilities. Its core activity is the pursuit of a business combination to invest public capital into a private target, which aligns with the activity of alternative asset managers managing pooled capital for institutional and high-net-worth investors.
ALIS
Calisa Acquisition
$87.06Mn
10.33
-0.10%
—
Calisa Acquisition Corp is a SPAC (blank check company) whose sole purpose is to raise capital to acquire and manage an interest in another business. This activity aligns with alternative asset management as it involves pooling capital for a non-public, illiquid acquisition strategy.
BHIC
BioScience Health Innovations
$83.56Mn
7.11
+7.89%
+77.75%
The company is a 'blank check' entity focused on locating and acquiring an operating business, which aligns with the activity of alternative asset managers or special purpose acquisition vehicles. Its current operational focus is on securing capital and identifying targets to deploy that capital into private equity-style acquisitions.
CHPG
ChampionsGate Acquisition
$78.11Mn
10.45
+0.00%
+3.77%
ChampionsGate is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify and acquire a business through a merger or asset purchase. This activity of pooling capital to invest in a non-public business combination aligns with the alternative asset management model of managing capital for institutional and high-net-worth investors to achieve gains.
HDRN
Hadron Energy
$74.06Mn
1.30
-5.11%
-87.64%
GigCapital7 is a special purpose acquisition company (SPAC) that raises capital from investors to identify and acquire a private business. Its core activity is managing pooled capital for the purpose of a business combination, which aligns with the alternative asset management model of sourcing and structuring acquisitions.
FVN
Future Vision II Acquisition
$72.57Mn
9.62
-1.03%
-8.03%
Future Vision II Acquisition Corp. is a special purpose acquisition company (SPAC) whose core purpose is to identify, acquire, and manage a business combination. This activity aligns with alternative asset management, as it manages pooled capital from an IPO and private placement to execute a private equity-style acquisition strategy.
ALPS
2nd
Alps
$66.56Mn
0.40
+0.00%
—
Alps Global Holding Berhad is engaged in the acquisition, management, and disposition of interests in various enterprises, serving institutional investors and private equity firms. This activity matches the profile of an alternative asset manager managing a portfolio of private interests to create value.
GEG
Great Elm
$64.02Mn
2.15
-0.46%
-13.31%
Great Elm Group is an alternative asset management company that manages pooled capital across credit, real estate, and specialty finance strategies for institutional and high-net-worth investors. It earns revenue through management fees, incentive fees, and administration fees from its investment management subsidiaries GECM and MCRE.
DOMH
2nd
Dominari Holdings
$60.12Mn
2.48
+5.98%
-65.79%
The company manages alternative investment arrangements and operates a private market platform to source private investments for high-net-worth and institutional clients.
UYSC
UY Scuti Acquisition
$59.22Mn
11.00
+0.00%
+8.37%
UY Scuti Acquisition Corp. is a blank check company (SPAC) designed to identify and acquire a target business, which is a form of private equity/buyout strategy. Its revenue model, once operational, will be based on the acquisition and management of a private business using pooled capital from public shareholders and private placements.
BPAC
Blueport Acquisition
$58.59Mn
10.19
+0.00%
—
Blueport Acquisition is a special purpose acquisition company (SPAC) whose core purpose is to identify, negotiate, and execute a business combination with a target company. This activity of managing pooled capital to acquire private businesses for the benefit of shareholders aligns with the activities of alternative asset managers and private equity sponsors.
INV
Innventure
$58.38Mn
0.69
-5.48%
-87.74%
Innventure operates as an industrial growth conglomerate that manages a portfolio of companies, earning revenue through management fees from the ESG Fund and distributions from equity stakes in its ventures. Its core business model involves sourcing, funding, and managing illiquid, high-growth technology ventures to maximize value for investors.
EURK
Eureka Acquisition
$55.37Mn
11.54
+0.03%
+7.38%
Eureka Acquisition Corp is a special purpose acquisition company (SPAC) that raises capital to identify and acquire private businesses, which aligns with the activity of managing pooled alternative investment capital for the purpose of business combinations. Its core activity is evaluating acquisition candidates and utilizing its deal sourcing network of private equity and venture capital sponsors to create shareholder value through illiquid, non-public strategies.
ASPC
ASPAC III Acquisition
$50.82Mn
10.87
+0.56%
+5.02%
The company is a Special Purpose Acquisition Company (SPAC) designed to identify and acquire a private business using pooled capital from public shareholders. Its core activity is managing this capital to execute a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
AFJK
Aimei Health Technology
$49.78Mn
12.30
+1.57%
+8.66%
Aimei Health Technology is a special purpose acquisition company (SPAC) that manages pooled capital to acquire businesses in the biopharmaceutical and medical technology sectors. It operates similarly to a private equity or venture capital firm by seeking to identify and acquire innovative healthcare companies to provide them with public market access.
SDEV
Stablecoin Development
$49.06Mn
1.58
+8.97%
-86.61%
The company operates as a digital asset investment firm whose primary activity is holding and managing the SKY token to gain exposure to economic participation in a digital financial network. It generates revenue from the appreciation of these holdings, monetization of assets, and staking distributions, which aligns with the model of an alternative asset manager focusing on non-public or digital strategies.
LGL
2nd
Lgl
$43.89Mn
6.71
-1.03%
+1.51%
The Merchant Investment segment operates as a value-oriented investor that acquires undervalued assets and businesses, using special purpose vehicles to raise external capital and earning management fees and success-based incentives.
DTSQ
DT Cloud Star Acquisition
$42.01Mn
11.50
+0.00%
+9.63%
DT Cloud Star Acquisition is a Special Purpose Acquisition Company (SPAC) that manages pooled capital from public shareholders and sponsors to acquire a target business. This activity aligns with alternative asset management, as it involves managing a pooled investment vehicle to execute a private equity-style acquisition strategy.
BSAA
BEST SPAC I Acquisition
$41.75Mn
10.99
-2.74%
+9.35%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify and execute a business combination with a target company. This activity of managing pooled capital for the purpose of acquiring private businesses aligns with the alternative asset management model of private equity and venture capital strategies.
BXBL
Boxabl
$40.15Mn
3.90
-3.23%
-60.96%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify and execute a business combination with a target entity. This activity of pooling capital to acquire private middle-market or public businesses aligns with the strategies of alternative asset managers and private equity groups mentioned in the profile's competition section.
MLCI
Mount Logan Capital
$39.83Mn
3.56
+2.01%
-55.22%
Mount Logan Capital operates an Asset Management segment that manages pooled alternative investment capital, specifically focusing on private credit, senior secured lending, and venture/growth lending. It earns revenue through management fees, servicing fees, and performance fees from vehicles including a BDC platform and interval funds like SOFIX and ACIF.
LKSP
Lake Superior Acquisition
$39.25Mn
10.24
-0.10%
—
Lake Superior Acquisition Corp is a special purpose acquisition company (SPAC) whose sole purpose is to effect a business combination, acting as a vehicle for pooled capital to acquire private businesses. This aligns with the Alternative Asset Managers category as it manages capital for institutional and high-net-worth investors to execute illiquid, non-public acquisition strategies.
CAPN
Cayson Acquisition
$38.94Mn
11.26
+0.09%
+7.55%
Cayson Acquisition Corp is a special purpose acquisition company (SPAC) that competes with private equity groups and leveraged buyout funds to acquire target businesses. Its core activity is managing a pool of capital raised via IPO and private placement to execute a business combination, which aligns with the alternative asset management model of pursuing illiquid, non-public strategies.
YHNA
YHN Acquisition I
$35.18Mn
11.20
+1.54%
+6.97%
YHN Acquisition I is a special purpose acquisition company (SPAC) that manages pooled capital from IPO and PIPE investors to identify and acquire private businesses. Its core activity is the management of this capital for the purpose of a business combination, which aligns with the alternative asset management model of managing pooled capital for institutional and high-net-worth investors.
PLUT
2nd
Plutus Financial
$32.39Mn
2.11
-6.64%
-39.71%
The company manages hedge funds through Plutus Asset Management Limited, which involves managing pooled alternative investment capital for high net worth and private company customers.
TRLC
TriLinc Global Impact Fund
$29.62Mn
0.62
+0.00%
-36.73%
TriLinc Global Impact Fund operates as an externally managed fund that invests in illiquid, non-public strategies, specifically providing direct loans, structured credit, and equity to SMEs in developing economies. It earns revenue from interest income and realized capital gains on these alternative investments, fitting the profile of an alternative asset manager.
HVIIU
ONE Nuclear Energy
$29.32Mn
4.63
-53.79%
-55.90%
Hennessy Capital Investment Corp. VII is a special purpose acquisition company (SPAC) designed to raise capital to acquire a target business, which is a form of alternative asset management strategy. The company's core activity is the identification and execution of a business combination, leveraging the management team's experience in prior acquisitions to create value for its shareholders.
MDBH
2nd
MDB Capital Holdings
$26.26Mn
2.55
+2.00%
-28.17%
MDB Capital Holdings acts as a venture capital platform, providing seed capital to early-stage technology ventures and earning returns from equity stakes and successful exits such as mergers or IPOs.
IPEX
Inflection Point Acquisition Corp. V
$24.39Mn
3.16
-57.75%
-69.11%
Inflection Point Acquisition Corp. V is a special purpose acquisition company (SPAC) that functions as an investment vehicle to acquire a private business. It competes with private equity firms and manages capital raised via an IPO to execute a business combination, which aligns with the activity of alternative asset managers focusing on non-public strategies.
HWKE
Hawkeye Digital
$22.49Mn
0.90
-6.25%
+800.00%
Hawkeye Systems operates as a blank-check company and acquisition vehicle that deploys capital through equity and debt to acquire or merge with businesses. Its core activity is managing a portfolio of investments, such as its membership interest in Rift Cyber LLC and promissory notes in CNTNR USA, Inc., which aligns with the alternative asset management model of sourcing and executing business combinations.
RFAI
RF Acquisition
$20.26Mn
33.95
+9.73%
+217.29%
RF Acquisition Corp II is a special purpose acquisition company (SPAC) whose sole purpose is to identify, source, and execute a business combination with a target company. This activity of managing pooled capital to acquire private businesses in the deep technology sector aligns with the functions of alternative asset managers.
CTRM
2nd
Castor Maritime
$20.19Mn
2.09
-2.34%
+1.46%
Through its Asset Management segment and the acquisition of MPC Capital, the company manages investment structuring and provides asset management for maritime and energy infrastructure projects for institutional investors and family offices.
WTG
Wintergreen Acquisition
$18.56Mn
10.62
+0.47%
+5.57%
Wintergreen Acquisition Corp. is a blank check company (SPAC) whose core purpose is to identify and execute a business combination, effectively managing a pooled fund of capital for the purpose of acquiring a business. This activity aligns with the alternative asset management model of seeking acquisition targets and leveraging management expertise in mergers and acquisitions to generate returns.
MDRR
2nd
Medalist Diversified
$18.08Mn
11.10
-6.41%
-17.47%
The company operates a Delaware Statutory Trust (DST) sponsorship program, raising capital through private placements and earning sponsorship and placement fees for structuring and marketing these real-asset investment products to accredited and institutional investors.
GRNQ
2nd
Greenpro Capital
$17.53Mn
9.67
-8.34%
-27.84%
The company operates a Venture Capital Business segment that identifies investment opportunities in high-growth enterprises and manages a business incubator to support start-ups through critical growth periods.
AGLY
Atlantis Glory
$12.08Mn
0.02
+0.00%
-99.02%
Atlantis Glory operates as a blank check entity/shell company whose sole purpose is to identify, evaluate, and acquire an operating business. This activity of deploying capital into private companies to create a combined public entity aligns most closely with the alternative asset management and private equity-style acquisition model described in F-11.
NGLD
Nevada Canyon Gold
$10.87Mn
0.38
+0.00%
-35.59%
The company operates as a precious metals streamer and royalty acquirer, providing upfront capital to developers in exchange for a share of future production. This constitutes managing alternative real-asset strategies for profit, earning returns from the spread on metal streams and royalty payments.
XITO
Xenous Holdings
$7.60Mn
0.01
+0.00%
+0.00%
Xenous Holdings operates as a public shell company whose sole activity is identifying and evaluating potential businesses for acquisition or reverse merger. This activity of managing capital to acquire private operating concerns for the purpose of public market access aligns most closely with the alternative asset management function of seeking and executing illiquid, non-public investment strategies.
CWD
CaliberCos
$6.85Mn
0.66
+6.45%
-86.25%
CaliberCos is an alternative asset management firm that manages pooled private real estate investment funds for accredited investors, including high net worth individuals and family offices. It generates revenue through fund management fees, organizational fees, and performance allocations (carried interest) on investment returns.
SRRE
2nd
Sunrise Real Estate
$4.81Mn
0.07
+0.00%
-56.25%
The company has a Financial Activities segment that generates fee-based income through fund management and entity investment for investors.
FMHS
Farmhouse
$2.67Mn
0.14
+0.00%
-39.13%
Farmhouse operates as a public company platform focused on evaluating strategic acquisitions and emerging opportunities to create shareholder value, which aligns with the activities of alternative asset managers. The company specifically manages a digital asset treasury initiative through Farmhouse Treasury LLC, focusing on capital allocation in Bitcoin and physical gold.
BNBX
2nd
Bnb Plus
$1.17Mn
0.14
+0.00%
-95.19%
The company operates a Digital Asset Treasury segment that manages a pooled portfolio of Binance Coin (BNB) using alternative strategies such as staking, liquidity provision, and DeFi activities to generate yield for the firm.
PLTYF
Plastec Technologies
$258.76K
0.02
+0.00%
+0.00%
The company describes its current strategic focus as the identification and pursuit of new investment opportunities, explicitly stating it competes with venture capital funds and leveraged buyout firms. It seeks to deploy capital into acquisition targets and promising ventures, which aligns with the activity of an alternative asset manager.
ESHAR
ESH Acquisition
$70.55K
0.01
—
—
ESH Acquisition Corp. is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination, effectively managing a pool of capital to acquire a private company. This activity aligns with the alternative asset management model of sourcing and investing in non-public strategies to generate returns for shareholders.
AAGH
2nd
America Great Health
$0.00
0.00
—
—
The company operates as an investment entity that targets early-stage biotech projects and realizes returns through equity holdings in firms like GOF Biotechnologies Inc. and Purecell via dividends and profit sharing.
BEGI
Blackstar Enterprise
$0.00
0.00
—
—
BlackStar operates as a merchant banking firm that facilitates venture capital investments in early-stage revenue companies through joint venture investments. This activity of managing capital in non-public, early-stage growth companies aligns with the Alternative Asset Managers category.
FECOF
FEC Resources
$0.00
0.00
—
—
FEC Resources operates as a holding company that invests in non-public or specialized natural resource enterprises, such as Forum Energy Limited, Metalore Mining Corporation, and Lascogon Mining Corporation. Its business model is based on holding equity interests in these alternative assets rather than operating them.
NFSN
Nongfu Shop Digital New Retail
$0.00
0.00
—
—
The company operates as a blank check/shell entity whose sole purpose is to locate and complete a business combination with an operating company. This activity of raising capital to acquire and control private or public businesses is functionally equivalent to the strategies of private equity or leveraged buyout groups, which fall under Alternative Asset Managers.
PNXP
2nd
Pineapple Express Cannabis
$0.00
0.00
—
—
The company operates a strategic investments and advisory services segment that identifies, develops, and provides capital to early-stage companies in the cannabis and consumer product industries.