Bank of America Global Capital Management

The unit operates inside the asset management division of Bank of America, functioning as an internal gatekeeper and allocator rather than an externally marketed fund-of-funds franchise. It draws capital from the bank's wealth management channels—including Merrill Lynch and the private bank—and institutional client relationships. It does not maintain a separate public brand or fundraising apparatus, reflecting its role as an investment office serving captive distribution.

The primary focus is buyout funds, predominantly large and mid-market partnerships in North America and Western Europe. The group also maintains a direct secondaries capability, purchasing limited partner interests from investors seeking early liquidity, which adds a tactical sleeve to the broader fund commitment program. Direct company investments are not part of the mandate—the team allocates exclusively through third-party managers.

The firm does not publicly name a dedicated chief investment officer or investment committee for this unit, consistent with its embedded structure inside the bank's broader asset management organization. Decision-making authority rests with the private equity team in Stamford, operating within the risk and governance framework of the bank's wealth and investment management division.

No. Bank of America does not break out this unit's assets under management in its public filings, keeping the figure consolidated within the broader global wealth and investment management segment reporting. No external publication has independently verified a specific AUM number for this entity.

The group's primary activity is fund commitments rather than direct co-investments. The direct secondaries program provides additional exposure through the purchase of LP stakes, but the mandate remains fund-of-funds in character. There is no public evidence of a formal co-investment program operating alongside the core fund selection business.