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Advanced Portfolio Strategies
Advanced Portfolio Strategies builds concentrated multi-asset portfolios for HNW families, blending direct private investments with institutional fund...
Advanced Portfolio Strategies
Advanced Portfolio Strategies, founded by Garrett D'Alessandro, serves as an outsourced investment office for wealthy families and individuals. The firm designs and manages diversified portfolios that span both traditional and alternative assets, selecting underlying managers and direct opportunities rather than operating a single-family balance sheet. D'Alessandro's background includes senior roles at institutional allocators and family offices, which shapes the firm's manager-selection discipline. The firm deploys capital across private equity buyout, venture capital, growth equity, private credit, real estate, and hedge fund strategies. It accesses these asset classes through a combination of primary fund commitments, secondary interests, and direct co-investments alongside established general partners. Portfolio construction emphasizes manager concentration over broad indexation, with a typical client portfolio holding 15–25 core manager relationships. Geographic focus leans toward North American and Western European markets, with select exposure to developed Asia. Known fund relationships include commitments to middle-market buyout managers and sector-specialist venture firms. Advanced Portfolio Strategies operates from the New York metropolitan area. The firm maintains a lean team structure, with investment decisions centralized under D'Alessandro and supported by a small group of research analysts and a dedicated private investments professional. In 2023, the firm expanded its private credit allocations, increasing commitments to direct lending funds in response to bank retrenchment from middle-market lending (per the firm's official communications). The firm does not publicly disclose aggregate assets under advisement. Unlike a conventional multi-family office that layers tax, estate, and concierge services onto investment management, Advanced Portfolio Strategies functions as a pure investment office — a structure that appeals to families who already have established legal and tax advisors but seek institutional-grade portfolio construction without an internal CIO. This focused mandate allows the firm to negotiate institutional share classes and fee structures typically reserved for much larger allocators, aggregated across its client base.
General information
Firm type
Asset Manager
Year founded
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AUM
Undisclosed
Location
Region
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Country
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City
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Corporate office
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Principals
Garrett D'Alessandro
CEO & Chief Investment Officer
David R. Sasso
Vice President, Private Investments
Sector focus
Frequently asked questions
Who runs investment decisions at Advanced Portfolio Strategies?
Garrett D'Alessandro serves as CEO and Chief Investment Officer, leading all portfolio construction and manager selection decisions. His career includes prior roles at institutional fund-of-funds and single-family offices, where he developed the manager-selection framework that anchors the firm's process. David R. Sasso supports private investment due diligence as Vice President.
Does the firm operate as a single family office or an outsourced CIO?
Advanced Portfolio Strategies is a registered investment advisor functioning as an outsourced chief investment officer for multiple families. It does not manage a single-family balance sheet. Each client receives a customized portfolio constructed from the firm's approved manager roster, with the firm aggregating client capital to access institutional share classes.
How does the firm access private markets for its clients?
The firm uses a mix of primary fund commitments, secondary market purchases, and direct co-investments alongside general partners. This three-pronged approach allows clients to build vintage-year diversification while selectively concentrating capital in high-conviction direct deals sourced through existing GP relationships.
What asset classes does the firm allocate to?
Portfolios span private equity (buyout, growth, venture), private credit (direct lending, special situations, distressed), real estate (core-plus and opportunistic), and hedge fund strategies. Public equity and fixed income allocations serve as liquidity sleeves within an otherwise illiquidity-biased portfolio.
How is the firm compensated?
As a registered investment advisor, Advanced Portfolio Strategies charges an advisory fee based on assets under advisement. The firm does not earn placement fees, transaction fees, or carried interest from underlying managers, maintaining a fiduciary standard that aligns its compensation solely with client portfolio performance.
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