Private Markets
Seer’s Private Markets capability is built around one thing: disciplined selection of exceptional money managers. We allocate proprietary capital into private market funds through a fund-of-funds and multi-manager approach designed to produce diversified exposure across strategies, vintages, and market environments.
This complements Seer’s direct private equity activity by expanding access to differentiated managers and deployments while supporting broader private market participation, including capital aligned with M&A-driven opportunity sets. The goal is not to “collect funds.” The goal is to build a manager portfolio that holds up under scrutiny, behaves predictably across cycles, and earns its place through repeatable underwriting standards.
Private Markets Manager Selection
Fund-of-Funds / Multi-Manager Investing
Seer invests in high-quality private market funds managed by leading third-party firms. Our team continuously benchmarks the manager universe and evaluates opportunities based on a structured diligence and portfolio construction process. We focus on platform durability, underwriting discipline, and evidence of performance persistence, not brand narratives.
Manager selection is not a one-time decision. It’s an ongoing research and monitoring program. We combine deep fundamental evaluation with systematic, repeatable analytics to assess performance drivers, risk behavior, and distribution quality over time.
How We Evaluate Managers
Seer’s framework is designed to identify managers with strong engines, not lucky streaks. Our underwriting prioritizes explainable outcomes, operational rigor, and alignment.
Core elements of our selection and monitoring process include:
▪ Proven performance across market cycles, with clear attribution of returns and evidence of risk control
▪ Institutional scale and durability, typically including managers with $1B+ in AUM, stable platforms, and repeatable processes
▪ Return and cashflow discipline, including internal total-return thresholds and stable, explainable distribution behavior
▪ Alignment and governance checks, including incentive structure, decision rights, team stability, and operational rigor
▪ Continuous review, with defined triggers for re-underwriting, de-risking, or reallocation as conditions change
Portfolio Construction Principles
Private markets outcomes are shaped as much by construction as selection. Seer builds exposure intentionally across strategy types and vintages to avoid concentration in a single regime, and we monitor how each manager behaves within the broader portfolio context.
While specific allocations and component weights are confidential and proprietary, the methodology is consistent and standards-driven: measurable criteria, documented decisions, and ongoing accountability.
Confidentiality Notice
Specific allocations, fund selections, and portfolio weights are confidential and proprietary. Seer does not provide public offering materials in connection with internal private markets allocations.