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Ace & Company
Ace & Company, led by Adam Posen, runs a multi-strategy private equity, venture, and seeding platform from New York, Geneva, London, and Luxembourg.
Ace & Company
Ace & Company was founded in 2005 by a group including Adam Posen and Luca Schenk, establishing a presence in New York and Geneva. The firm's origin lies in constructing bespoke investment solutions for a concentrated network of families and institutional investors, rather than managing a single family's legacy wealth. This partnership model informed the firm's early expansion into London and Luxembourg. The firm deploys capital across three primary strategies: direct private equity, venture capital, and manager seeding. Its direct investments target mid-market buyouts and growth-stage companies, often in industrial, healthcare, and technology sectors. The venture practice focuses on early-stage life sciences and deep tech, with a transatlantic reach between North America and Switzerland. The seeding platform provides anchor capital to emerging hedge fund managers — a structure that aligns Ace more with institutional allocators running emerging-manager programs than with a standard family office. Geographic coverage has included deals in the United States, Switzerland, the United Kingdom, Germany, and Israel. The team is built around a lean partnership structure; precise headcount is not publicly disclosed. In addition to its principal offices, the firm maintains operational vehicles in Luxembourg for European fund structuring. January 2024: Adam Posen was named President, taking the top executive role as the firm refines its strategy around direct co-investment and seeding (per the firm, 2024). The firm does not operate a disclosed philanthropic foundation, but its client model inherently separates external managed capital from any proprietary balance-sheet activities. Ace & Company's structural distinction is its synthesis of a macroeconomic research capability — anchored by Posen's central-banking and think-tank background — with a transactionally active investment platform. This is not common. Most multi-family or seeding platforms lack a figure at the helm who simultaneously shapes Fed-watching and ECB-watching consensus. The firm uses this macro lens to inform manager selection, sector tilts, and currency hedging decisions on behalf of its co-investors.
General information
Firm type
Asset Manager
Year founded
2005
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Geneva, Switzerland · London, United Kingdom · Luxembourg
Principals
Adam S. Posen
President
Luca Schenk
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Ace & Company?
Adam Posen, an economist and former external member of the Bank of England's Monetary Policy Committee, serves as President. He joined the firm after leading the Peterson Institute for International Economics. Investment decisions are made by a partnership group that includes long-standing partner Luca Schenk, combining macro strategy with direct deal execution.
How does Ace & Company source deals across different strategies?
The firm sources direct private equity and venture deals through its partnership networks in New York and Geneva, often co-investing alongside families and institutions. For its hedge fund seeding strategy, it draws on a proprietary network of emerging managers, particularly those with a macro or cross-border focus, where Posen's central-banking background provides a distinct due-diligence edge.
Is Ace & Company a single family office?
No. Although it began by serving a concentrated group of families, the firm operates as an independent asset manager. It structures direct investments, venture funds, and seeding vehicles for external institutional and family-office clients, not a single source of proprietary capital.
Does the firm participate in fund commitments or only direct deals?
Both. Ace & Company makes direct investments in private companies and also runs a dedicated seeding platform that makes fund-level commitments to emerging hedge fund managers. This dual approach lets the firm pull two levers — operator-level control and manager-level exposure — for its limited partners.
What investment stages and sectors does Ace & Company target?
Its direct private equity group focuses on mid-market buyouts and growth equity, primarily in industrial, healthcare, and technology sectors. The venture arm targets early-stage life sciences and deep tech, with a bias toward companies that have a transatlantic angle between North America and Europe.
How does Adam Posen's macro background influence the investment portfolio?
Posen's experience at the Bank of England and the Peterson Institute gives Ace & Company an in-house macro forecasting capability that most firms of its size lack. This research informs currency hedging decisions, geographic allocation, and manager selection within the seeding portfolio, particularly for global-macro and fixed-income strategies.
What is Ace & Company's European footprint?
The firm maintains offices in Geneva and London, with additional structuring vehicles in Luxembourg. Its European activity spans direct deals in Switzerland, Germany, and the United Kingdom, and its seeding platform has historically evaluated European-based hedge fund managers.
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