Iluka Advisors

Iluka sources through a network of direct relationships with private equity sponsors, operating partners, and other family offices. The firm emphasizes off-market and pre-negotiated direct co-investments rather than competitive auction processes. This is typical of smaller, concentrated multi-family offices that trade scale for selectivity.

Iluka prioritizes direct co-investments, separate accounts, and targeted private credit instruments. The firm may occasionally access a fund commitment to anchor a new manager relationship, but its primary model avoids blind-pool fund-of-funds structures in favor of known, negotiated exposures.

Iluka generally targets the lower middle-market to middle-market private equity segment, typically companies with $10 million to $50 million in EBITDA. This stage offers greater potential for operational value creation compared to large-cap buyouts, and co-investment economics are often more favorable for non-institutional limited partners.

Iluka has not publicly identified its investment committee members or managing principals. The firm's operating model suggests a lean senior team making consensus-driven decisions on behalf of its client families, a common structure for advisors who function as an outsourced family CIO.

While the firm's specific fee schedule is not public, most multi-family advisors of this type charge a retainer or percentage-of-assets advisory fee for sourcing and monitoring, with performance-based incentive fees possible on direct co-investments. Any specific arrangement would be negotiated directly with each family.