Database/Sterling Multi-Strategy
HedgeF013 · Vintage 2012Closed

Sterling Multi-Strategy

Sterling Capital Group

Pod-based multi-strategy platform — 40+ portfolio managers across equity, credit, macro, and quant. Pass-through expense model.

Multi-StrategyPod-based Multi-StratGlobalArticle 6
Performance · since vintage

Cumulative net return

19.3%
+3.9pp vs benchmark
QuarterCum returnSharpevs bench (pp)
2022 Q122.7%2.03-7.15
2022 Q215.3%1.87-8.09
2022 Q37.7%1.94-8.74
2022 Q44.0%1.82-4.57
2023 Q17.6%1.77+3.08
2023 Q213.6%2.00+4.89
2023 Q314.8%1.68-0.40
2023 Q419.3%1.70+2.93

Terms

Target fund size£8.4bn
Current AUM£8.4bn
Min ticket£25m
Max ticket£500m
Target net IRR10–13%
Lock-up2 years
Management fee2.50%
Carry / performance25%
BenchmarkHFRI Fund Weighted
ESG / SFDRArticle 6
Liquidity

Annual liquidity with 90-day notice. 2-year initial soft lock.

Investment highlights

  • Sharpe > 1.8 over 10 years
  • Closed to new capital — secondary access only

Top 5 holdings

Largest positions · % of fund · simulated
  • Highgate Realty11.5%
  • Solace Insurance10.6%
  • Cobalt Pharma9.1%
  • Sterling Bancorp6.5%
  • Redwood Capital5.8%