Updated:
LCG Associates
LCG Associates, a fund-of-funds manager in Atlanta, oversees $20B-$30B through its manager-of-managers structure in alternatives.
LCG Associates
LCG Associates was founded in Atlanta, Georgia, by Larry G. Cohen, who built the firm around a manager-of-managers model. Rather than investing directly, the firm constructs portfolios of external alternative investment funds, acting as an allocator for institutions seeking diversified exposure. The firm's strategy spans private equity, real estate, hedge funds, private credit, and other alternative asset classes. LCG selects external managers through a rigorous due diligence process, and its portfolio includes investments with global firms such as Blackstone and KKR. The geographic footprint is primarily North America, with some exposure to Europe and Asia through fund holdings. LCG employs around 200 professionals across its Atlanta headquarters and a second office in Roswell, Georgia. The firm has been operational for over three decades. Related structures include a foundation arm that supports community initiatives, though the investment business remains the core focus. What distinguishes LCG is its pure fee-based advisory model — it does not co-invest alongside the managers it selects, eliminating conflicts of interest common in hybrid fund-of-funds structures. This commitment to fiduciary alignment has historically attracted institutional clients including pension funds and endowments.
General information
Firm type
Manager of Managers
Year founded
—
AUM
$20B-$30B (Altss estimate)
Location
Region
North America
Country
United States
City
Atlanta
Corporate office
Atlanta, GA, United States
Principals
Larry G. Cohen
Founder and Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at LCG Associates?
Larry G. Cohen, the founder, currently serves as Chairman. The firm's investment committee oversees manager selection, with a Chief Investment Officer leading day-to-day decisions (public record).
How does LCG Associates source proprietary deal flow?
LCG does not source proprietary direct deals. It operates as a fund-of-funds, selecting external managers through a formal due diligence process that includes quantitative analysis, reference checks, and ongoing monitoring (public record).
Is LCG Associates structured as a single family office?
No. LCG Associates is a registered investment adviser and fund-of-funds manager serving institutional clients. It is not a family office structure.
Does LCG Associates participate in fund commitments or only direct deals?
LCG makes fund commitments to external alternative investment managers across private equity, real estate, hedge funds, and credit. It does not pursue direct co-investments (per the firm's communications).
What investment stages does LCG typically target?
LCG targets exposure across the lifecycle of alternative assets through its fund manager selections, including buyout, growth equity, venture capital, real estate, and credit funds (public record).
Which sectors does LCG Associates explicitly avoid?
LCG focuses on institutional-quality alternative managers. It generally avoids direct equity or fixed-income mandates as it is a fund-of-funds manager (public record).
How is LCG Associates related to LCG Capital?
No clear public connection exists between LCG Associates and any entity named LCG Capital. The firm operates independently as LCG Associates (public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on registered investment advisers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: